entr 421 final study

Exit barriers

Which one of the following is not a threat of entry to a new industry?

decreased industry profit potential

a new company named far reach inc. entered the radio retail business, which is a fairly consolidated industry. in response, two large incumbent radio retailers, smooth waves and clear signal, lowered the price of their radios. also, they spent more money to improve their radios and on additional marketing. by doing this, smooth waves and clear signal

novelty

entrepreneurial profit is a function of ?

the threat of substitutes

when fashion magazines face competition from fashion blogs on the web, which of the following forces in michael porter's five forces model primarily gets stronger?

trademarks

which of the following IP security options does not expire?

threat of exits

which of the following competitive forces does not lead to diminishing profits within an industry?

when the buyer operates in an industry where products are undifferentiated

which of the following features about a buyer indicates that the buyer has high bargaining power?

it views competition within an industry broadly to include forces such as buyers, suppliers, and the threat of substitutes

which of the following is a primary feature of the five forces model?

Apple watch

which of the following is not an invention?

price

which one of he following is not an aspect of novelty of business opportunities?

none of the above

which one of the below can be patentable?

having outdoor seating

which one of the below is not an issue that a commercial real estate broker can help?

they are valid for 14 years

which one of the below is true for design patents?

Value at stake is fixed

which one of the below is true for distributive negotiations?

you need to make reasonable efforts to keep them as secrets

which one of the below is true for trade secrets?

trademarks create and protect product awareness and trust

which one of the below is true for trademarks?

what risks do your customers fear?

which one of the below questions can help you find a pain reliever for your value proposition?

photocopies of a book chapter distributed to a group of students by a classmate

which one of the below would be considered copyright infringement?

Trademark

which one of the following IP security protects the color and shape of a product?

The New York Times

which one of the following businesses is an example of a two-sided platform business?

translation of knowledge into economic growth and social well-being by satisfying a specific market need

which one of the following defines innovation?

creation or introduction of a novel device, method, product, process or technique for the first time

which one of the following defines invention?

business plan is a very detailed document with financial projections, business model is much less detailed

which one of the following explains the difference between a business model and a business plan?

negative emotions, undesired costs and situations and risks that you are trying to address

which one of the following is a description of customer pains in a value proposition canvas?

the industry is modeled as a zero-sum game

which one of the following is limitation of porter's five forces model?

competition

which one of the following is not a component of the value proposition canvas?

profit margins

which one of the following is not a component of value?

new technology exploration

which one of the following is not a driver for new venture growth?

competition

which one of the following is not a part of the business model canvas?

businesses that offer the exact same product and compete for the same market

which one of the following is the definition of direct competition?

Differentiation

which one of the following would be a primary strategic choice when entering an established industry?

early adopters who buy a startup's unfinished and untested products

who are earlyvangelists?

20 years from the date of filing

how long is utility patent valid for?

investor ABC

if you were commissioned to create an art installation by investor ABC for an exhibition at CDE art gallery, who would be the copyright owner of the work?

capital requirements are low

in an industry, the threat of entry is high when

entering the aircraft manufacturing industry requires huge capital investments

in the aircraft manufacturing industry, at least for large commercial jets, boeing and airbus are the only competitors. there is not a significant threat of entry because

suppliers' industry is more concentrated than the industry it sells to

in which of the following situations is the power of suppliers high in an industry?

understand the profit potential of industries

the primary objective of porter's five forces model is to