Worldwide Auction Leader EBay Started Operations in Japan Just Five

question 38

Multiple Choice

Worldwide auction leader eBay started operations in Japan just five months after Yahoo! launched its Japanese auction service. But eBay was never able to mount a credible threat and ended up pulling out of the market. This example shows that:

• A) online auction markets are characterized by constant shifts in market dominance.
• B) market dominance in the global marketplace translates to an equivalent position in national markets.
• C) national markets tend to be influenced by factors that are not necessarily localized.
• D) it's imperative to move first in markets influenced by network effects.
• E) firms should always subsidize initial adoption of their products and make them cheaper than their competitor's products.

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Definitions:

Cells

The basic structural, functional, and biological units of all known living organisms, acting as the building blocks of life.

Ectoderm

The outermost layer of cells in the early embryo from which the skin, nervous system, and sensory organs develop.

Embryonic Development

The process during which an embryo forms and develops, starting from fertilization to the fetal stage.

Nervous System

The complex network of nerve cells and fibers that transmits signals between different parts of the body, coordinating actions and sensory information.