QUESTION 1 Amazon's Flywheel based strategy relies first on which of the following achievements? Customer satisfaction O Profit margins O A highly scalable website O Supplier base QUESTION 2 Network effects in technology competition help in the following sense Help reduce the cost to the consumer in the long run O Help improve functionalities for the consumer in the long run Help broaden the industry to allow for many different standards to coexist Help drive and cement adoption into a standard QUESTION 3 Technology firms typically invest in higher fixed cost processes in order to: O Increase the price in order to cater to premium segments O Pass on the resulting savings to consumers Put venture capital to maximum use o Reduce variable costs in the long run QUESTION 4 The technology S-curves points to: O Forever increasing returns with technology adoption O Diminishing returns at some point of technology adoption O Forever decreasing returns with technology adoption The shock events that change the technology used in an industry QUESTIONS Pharmaceutical companies often license the innovation from smaller players because they often lack the capabilities inhouse to perform the innovative research and development O True O False QUESTION 1 Amazon's Flywheel based strategy relies first on which of the following achievements? Customer satisfaction O Profit margins O A highly scalable website O Supplier base QUESTION 2 Network effects in technology competition help in the following sense Help reduce the cost to the consumer in the long run O Help improve functionalities for the consumer in the long run Help broaden the industry to allow for many different standards to coexist Help drive and cement adoption into a standard QUESTION 3 Technology firms typically invest in higher fixed cost processes in order to: O Increase the price in order to cater to premium segments O Pass on the resulting savings to consumers Put venture capital to maximum use o Reduce variable costs in the long run QUESTION 4 The technology S-curves points to: O Forever increasing returns with technology adoption O Diminishing returns at some point of technology adoption O Forever decreasing returns with technology adoption The shock events that change the technology used in an industry QUESTIONS Pharmaceutical companies often license the innovation from smaller players because they often lack the capabilities inhouse to perform the innovative research and development O True O False