Economics of Strategy Quiz

What years do 1840, 1910, and 2009 represent in the business conditions discussed?

• Beginning, Middle, End

• Widely Disparate Business Conditions

• Different Eras

• Past, Present, Future

What was the dominant mode of long-distance communication in 1840?

• Postal Service

• Telephone

• Email

• Telegraph

What made large-scale firms viable in 1910?

• Credit Bureaus

• Increased Regulation

• Innovations in Monitoring

• Securities Markets

What technology has made low-cost tailor-made production feasible today?

• Century Old Methods

• Mechanized Production

• CAD/CAM

• Standardized Parts

What has slowed economic and entrepreneurial activity according to the text?

• Globalization

• Financial Innovation

• Regulation Relaxation

• Liquidity Crisis of 2008

What has made many mergers and acquisitions possible in the financial markets today?

• Stable Financial Services Sector

• Globalization

• Increased Regulation

• Liquidity Crisis

What has allowed firms to expand their markets, product lines, and production scale today?

• Modern Technologies

• Financial Innovation

• Sophisticated Communication

• Expanded Infrastructure

What has enabled global markets for products and services today?

• Financial Innovation

• Increased Regulation

• Traditional Regulation

• Sophisticated Communication

What has made large vertically integrated firms decline today?

• Mergers and Acquisitions

• Diversification

• Alliances and Joint Ventures

• Complex Matrix Structures

What was the dominant mode of transportation in 1840?

• Ground Transportation

• Railroads

• Air

• Waterways