Apple's Dominance of Smartphone and Tablet Markets Has Allowed the Firm

question 19

Multiple Choice

Apple's dominance of smartphone and tablet markets has allowed the firm to lock up 60 percent of the world's supply of advanced touch-screen displays, and to do so with better pricing than would be available to smaller rivals. This is an example of:

• A) network externalities that make Apple valuable.
• B) high switching costs for suppliers.
• C) a complex tech product establishing itself as a killer brand.
• D) a growing firm gaining bargaining power with its suppliers.
• E) low search costs associated with a famous brand.

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Definitions:

Age Structure Diagrams

Visual representations of the distribution of various age groups within a population, which can indicate growth trends and demographic challenges.

Reproductive

Pertaining to or capable of producing offspring.

Future Trends

Predictions or projections about the direction of developments or occurrences in any field over upcoming periods.

Demographic Transition Model

A theory that describes the transition from high birth and death rates to lower birth and death rates as a country or region develops from a pre-industrial to an industrialized economic system.