TIM - Quiz 5

1. 1Innovators benefit from Innovation...

   1. Awhen their
      valuation of the
      new products
      exceeds its price
   2. Bby
      selling the
      innovative
      product.
   3. Cby marketing
      the imitation while
      saving on R&D cost.
   4. Dby selling
      larger quantities
2. 2Customers benefit from Innovation...

   1. Awhen their
      valuation of the
      new products
      exceeds its price
   2. Bby
      selling the
      innovative
      product.
   3. Cby marketing
      the imitation while
      saving on R&D cost.
   4. Dby selling
      larger quantities
3. 3Suppliers and Complementors benefit from Innovation...

   1. Awhen their
      valuation of the
      new products
      exceeds its price
   2. Bby
      selling the
      innovative
      product.
   3. Cby marketing
      the imitation while
      saving on R&D cost.
   4. Dby selling
      larger quantities
4. 4Imitators benefit from Innovation...

   1. Awhen their
      valuation of the
      new products
      exceeds its price
   2. Bby
      selling the
      innovative
      product.
   3. Cby marketing
      the imitation while
      saving on R&D cost.
   4. Dby selling
      larger quantities
5. 5Beschrifte das Bild.

   

   1. AMonopolists profits
   2. BCustomers benefit / Consumer Surplus
   3. CInnovators Surplus
   4. Ddemand curve p(q)
   5. EDeadweight loss
   6. Fmarginal cost c
   7. Gmarginal revenue
6. 6What are the factors for profitable Innovation?

   1. AFinancial Assets
   2. BComplementary Assets
   3. CLife cycle Phase
   4. DAppropriability regime
7. 7What is not a factor for appropriability conditions?

   1. Aavailability and strength of legal protection
   2. Bviability of secrecy
   3. Ccharacteristics of underlying technology
   4. Dinavailability and weaknesses of legal protection
8. 8The “appropriability conditions” denote some factors that influence the possibility
   of profitable imitation of an innovation.

   1. AVerdadero
   2. BFalso
9. 9What is an example for strong appropriablity regime due to patent protection?

   1. Apetrochemicals
   2. Bspecialty chemicals
   3. Csoftware
   4. DCoca-Cola recipe
10. 10What is an example for strong appropriablity regime due to secrecy?

    1. Abeverages
    2. Bpharmaceuticals
    3. Csimplex algorithm
    4. Dapparel

11. 11What is an example for weak appropriablity regime?

    1. Abeverages
    2. Bpharmaceuticals
    3. Csimplex algorithm
    4. DAspirin, Prozac
12. 12What are the characteristics of the Pre-paradigmatic design phase?

    1. ADominant design has not
       been established yet
    2. BInnovators‘ success depends
       on their ability to make their
       technology the dominant
       design
    3. CDominant design has been
       established
    4. DInnovators‘ success
       depends on the control of
       complementary assets
13. 13What are the characteristics of the Paradigmatic design phase?

    1. ADominant design has not
       been established yet
    2. BInnovators‘ success depends
       on their ability to make their
       technology the dominant
       design
    3. CDominant design has been
       established
    4. DInnovators‘ success
       depends on the control of
       complementary assets
14. 14The dominant design emerges when the number of product innovations per period of time peaks

    1. AVerdadero
    2. BFalso
15. 15What is not a type of complementary assets?

    1. Aspecialized
    2. Bco-specialized
    3. Cgeneric
    4. Dcentric
16. 16What is true for technichal dependence on a complementary asset?

    1. Awithout the Complementary Asset as a production factor it is not possible to profit from the innovation.
    2. BComplementary Asset is not in competitive supply
17. 17What is true for economic dependence on a complementary asset?

    1. Awithout the Complementary Asset as a production factor it is not possible to profit from the innovation.
    2. BComplementary Asset is not in competitive supply
18. 18What is an advantage of Contracting?

    1. ALower capital needs and Reputational gain for “smaller” partner
    2. BMakes imitation more
       difficult
    3. CDifficult for specialized
       complementary assets, Dependence on contract
       partner and Imitation becomes easier
    4. DTime-consuming, Capital-intensive and Difficult to reverse
19. 19What is a drawback of Contracting?

    1. ALower capital needs and Reputational gain for “smaller” partner
    2. BMakes imitation more
       difficult
    3. CDifficult for specialized
       complementary assets, Dependence on contract
       partner and Imitation becomes easier
    4. DTime-consuming, Capital-intensive and Difficult to reverse
20. 20What is an advantage of Integration?

    1. ALower capital needs and Reputational gain for “smaller” partner
    2. BMakes imitation more
       difficult
    3. CDifficult for specialized
       complementary assets, Dependence on contract
       partner and Imitation becomes easier
    4. DTime-consuming, Capital-intensive and Difficult to reverse
21. 21What is a drawback of Integration?

    1. ALower capital needs and Reputational gain for “smaller” partner
    2. BMakes imitation more
       difficult
    3. CDifficult for specialized
       complementary assets, Dependence on contract
       partner and Imitation becomes easier
    4. DTime-consuming, Capital-intensive and Difficult to reverse
22. 22Hold-up: If one partner to a contract makes specific investments,
    a “hold-up problem“ can arise

    1. AVerdadero
    2. BFalso
23. 23Implication: Anticipating the hold-up, the supplier will not be willing to make large
    investments

    1. AVerdadero
    2. BFalso
24. 24Implications of Teece`s Model. One field with two statements.

    

    1. ADifficult to make money
    2. BInventors makes money
    3. CHolder of Compl. Assets make money
    4. DParty with both tech / assets make money
    5. EParty with bargaining power makes money
25. 25Paradox of disclosure – willingness to pay does not depend on the co-operate partners knowledge of the
    idea, yet the knowledge of the idea implies that potential buyers need not pay
    for it

    1. AVerdadero
    2. BFalso

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Test sobre TIM - Quiz 5, creado por Luis Vering el 08/07/2021.

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Luis Vering

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