Netscape, Which Once Controlled More Than 80 Percent of the Market

question 12

Multiple Choice

Netscape, which once controlled more than 80 percent of the market share in Web browsers, lost its dominant position when customers migrated to Internet Explorer, Microsoft's Web browser. Internet Explorer was to install and had no significant differences in terms of usability. This example serves to illustrate that:

• A) fast-following smaller firms are always ready with newer and possibly superior products.
• B) customers of technology companies are becoming increasingly savvy and more demanding.
• C) the open source nature of technology ensures that no firm can expect to monopolize a market.
• D) firms need to employ increasingly stringent intellectual property norms to guard against infringements from smaller, competitive rivals.
• E) firms with low switching costs can sometimes be rapidly overtaken by strong rivals with additional competitive advantages.

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Definitions:

Calcium

A chemical element with symbol Ca, an essential nutrient for living organisms, especially in cell physiology and bone formation.

Bad Argument

Refers to a line of reasoning that is flawed either through logical fallacies, lack of evidence, or faulty premises.

Conclusion

The final part of something, such as an argument or text, summing up the points or deriving a decision based on the preceding information.

Premises

Statements or assumptions that serve as the starting points for a logical argument, leading to a conclusion based on deductive reasoning.