Question $1$

Question $1$

$1$ Point

How does the 'Modularize and Invert' strategy benefit a firm transitioning to a platform?$$

By consolidating all services into one module.$$

By breaking down services into modules for external innovation.

By avoiding any external collaborations.$$

By focusing only on in$-$house developments.$$

Question $2$

Question $2$

$1$ Point

Why should firms consider transforming their products into platforms? Select all that apply:

To accelerate sales growth.

To improve the defensibility of the original product.

To shed responsibility for problems.

Question $3$

Question $3$

$1$ Point

What risk is associated with allowing third parties to contribute to a platform?$$

Enhanced platform control.$$

Cannibalization of the platform$$s original products.

Increased platform stability.$$

Reduced operational costs.$$

Question $4$

Question $4$

$1$ Point

What is the advantage of the 'Trojan Horse' strategy in platform transition?$$

It openly changes the entire product line.$$

It subtly introduces platform elements within an existing popular product.

It eliminates the original product features.$$

It focuses solely on attracting new customers.$$

Question $5$

Question $5$

$1$ Point

How can a traditional bookstore like Barnes & Noble evolve into an MSP$?$

By only selling bestsellers.$$

By closing down physical stores.$$

By reducing the variety of books offered.$$

By creating an online platform where readers can exchange books and authors can interact with readers.

Question $6$

Question $6$

$1$ Point

Which of the following should Shopify $($an e$-$commerce tolls seller$)$ do to turn Shopify into an MSP$?$

Create a feature in the Shopify software product which allows companies that use Shopify to contact other companies using Shopify for the purpose of conducting business transactions.$$

Open up its APIs so that third$-$party developers can create products complementary to the Shopify product and sell them seamlessly to Shopify$$s customers.$$

Create an app that lets the customers of Shopify$$s customers log in and browse various businesses that use Shopify $($Shopify$$s customers$).$

All of the above.

Question $7$

Question $7$

$1$ Point

What could a company like Canon, known for cameras, do to become an MSP$?$

By discontinuing older camera models.$$

By focusing solely on professional$-$grade cameras.$$

By developing an online platform for photographers to sell their photos and collaborate.

By limiting sales to direct channels only.$$