Which of the Following Is an Example of a Keystone

question 50

Multiple Choice

Which of the following is an example of a keystone firm within a business ecosystem?

• A)Apple and the mobile platform ecosystem
• B)GUESS and the fashion ecosystem
• C)Citibank and the ATM ecosystem
• D)American Airlines and the computerized reservation ecosystem
• E)Nike and the athletic apparel ecosystem

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Definitions:

Marginal Utility

The boost in satisfaction or usefulness experienced from consuming an additional unit of a good or service.

Hypothetical Consumer

An assumed average consumer used in economic and marketing models to predict the behavior of consumer populations.

Utility-Maximizing

A principle in economics whereby individuals seek to optimize their satisfaction or happiness through the consumption of goods and services.

Total Product Curve

A graphical representation showing how the quantity of output depends on the quantity of a variable input, holding all other inputs fixed.