1. Which of the following is NOT a potential advantage for sellers to sell their products/services on a Platform?
1. None of the listed choices
2. Access to buyers
3. Access to data on consumer behaviours
4. Lower transaction cost per customer
2. The Internet of Things are impacting competition as it:
1. Redefine how the capabilities of products.
2. Redefine how products are used.
3. Redefine traditional understanding of industry boundaries.
4. All of the listed choices
3. Which of the following is NOT an accurate description of ‘coupled design’ in product innovation?
A. None of the listed choices
B. The components of a ‘coupled design’ product are designed to function at their optimal when they are matched together with other corresponding components of the same product.
C. The design and development of products with ‘coupled design’ is more complex due to the high level of dependency among the components.
D. The relationship and effects of components in a ‘coupled design’ product may not be linear.