To Determine the Amount of the Value Created Between Players

question 51

Multiple Choice

To determine the amount of the value created between players appropriated by the innovator, 4 factors are critical:

• A)complementary resources, tacitness and complexity of technology, corporate culture, and HR management.
• B)property rights, tacitness and complexity of technology, lead-time, and complementary resources.
• C)tacitness and complexity of technology, lead-time, excellence of top management teams, and luck.
• D)lead-time, complementary resources, relative bargaining power, and structure of the industry.

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Definitions:

Total Area

The entire surface area of a two-dimensional shape or the combined surface areas of all faces of a three-dimensional object.

Ratio

The quantitative relation between two amounts, showing the number of times one value is contained within the other.

Average Cost Function

A function that calculates the total cost of producing goods divided by the quantity of goods produced.

Setup Cost

The initial expenses required to start a project or establish a new production line.