Examine Map 13

question 7

Essay

Examine Map 13.1,The Sui and Tang dynasties,589-907C.E. Why would the Grand Canal have played such a prominent role in the Chinese economy for over a millennium?

Understand the concept of platform strategies and the importance of complementary innovation.

Grasp the basis of the Resource-Based View (RBV) including resource immobility and heterogeneity.

Analyze the factors influencing supplier and buyer power within markets.

Identify dynamics affecting profitability in spite of barriers to entry, such as substitute products and industry growth rate.

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Definitions:

Construct Validity

The extent to which a test measures what it claims to measure, demonstrating the accuracy of the concept or construct being tested.

Predictive Validity

The extent to which a score on a scale or test predicts future performance on a related outcome.

Parallel Form Reliability

A measure of reliability used to assess the consistency of the results of different forms of the same test.

Content Validity

Content Validity assesses whether a test or measurement tool accurately covers the content it is intended to measure, ensuring that all aspects of the construct are evaluated.