What Major themes that can be addressed in lectures or class discussions
What will be an ideal response?
? Demand/industry lifecycles
? Gaining advantage through technological and design innovation
? Enterprise start-up
? The pros and cons of licensing IPR versus the development of in-house operations and capabilities
? Competitors’ responses (i) while patent protection exists (ii) after patents lapse
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Describe the arguement put forward by the Nobel laurete Robert E. Lucas about the flaws in the large structural macroeconomic models.
What will be an ideal response?
XO = XT + XS + XR represents the pure score model
Indicate whether the statement is true or false
In a standard cost system, costs are assigned to all of the following, except for
A) direct materials. B) direct labor. C) variable overhead. D) fixed overhead. E) none of these.
What are two key product market factors that affect the ability of the organization to change what it charges for its products and services?
A. efficiency wage and reservation wage B. product demand and the degree of competition C. reservation wage and human capital D. marginal product of labour and marginal revenue of labour E. industry and product technology