Steve Jobs Recognized That Consumers Wanted a Smaller Mp3 Player

question 2

Multiple Choice

Steve Jobs recognized that consumers wanted a smaller mp3 player than they could buy at the time, so Apple developed the iPod. This demonstrates Teece's

• A)Theory X.
• B)Theory Y.
• C)theory of dynamic capabilities.
• D)management science theory.
• E)contingency theory.

---

Definitions:

Categories

Distinct groups or classes into which items or individuals can be sorted based on shared qualities or characteristics.

Proportion

A statistical measure that indicates the fraction of the total population that possesses a particular attribute or characteristic.

Chi-squared Goodness-of-fit Test

This test assesses if observed frequencies in a single categorical variable match expected frequencies determined from a theoretical distribution.

Multinomial Distribution

A generalization of the binomial distribution, which deals with outcomes of a experiment that can fall into more than two categories.