Why are industry standards so important in high-tech markets?
a. They restrict customer options, enhancing the odds that a firm will gain sales.
b. Standards reduce customer fear, uncertainty, and doubt, and thus, can help to grow the market, which is particularly important for products with network externalities.
c. The availability of complementary products is large determined by the number of competitors in an industry.
d. Because intellectual property rights are difficult to enforce.
e. All of the above.
b
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When a real estate licensee fails to renew a license before it expires, the licensee:
A: Can receive a restricted license by paying the proper fees; B: Is no longer eligible for a license; C: Will be required to pass the license exam again and pay the proper fees; D: Has two years from the expiration to renew by paying a late fee, but will not be required to take the state exam again.
When determining an appropriate location for each department within an organization, little or no consideration should be given to the flow of work between departments
Indicate whether the statement is true or false.