Which of the Following Is True of an Ecosystem

question 98

Multiple Choice

Which of the following is true of an ecosystem?

• A)An ecosystem insulates Porter's five forces against disruptive innovations.
• B)Events in one arena of an ecosystem can affect all players involved.
• C)The power of suppliers and the threat of new entrants are reduced in an ecosystem.
• D)An ecosystem can reduce the complementary effect between products and services.

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Definitions:

Competitive Advantage

The unique features, resources, or positioning that allows an organization to outperform its competitors in the market, leading to greater sales or margins.

Product Attributes

Characteristics that define a product, such as quality, features, brand, and packaging, which influence consumer purchasing decisions.

Analyze Competitors' Positions

The practice of evaluating the market stance, strategies, strengths, and weaknesses of competitors within the same industry.

Market Segments

Distinct groups of potential customers with similar needs, characteristics, or behaviors, who might require separate products or marketing approaches.