The idea that the more any given resource is applied to production, the lower the marginal gain in output, until a point is reached where the additional inputs produce noadditional output, is referred to as:the law of diminishing returns.//Which of the following statements about network economics is not true?In network economics, the marginal costof adding new members to the network is higher than the marginal gain.//In network economics, the?increases as more people use them. 14) virtual company?is also known as avirtual organization//The emergence of software as a web service has acted as a disruptive technology for?traditional boxed software companies//Which of the following is notanadvantage for new companies entering the marketplace? They can establish new relationships with suppliers.//Final assembly of iPhones occurs in which countries?South Korea//15) have been disruptive technologies except?minicomputers//17) firm can competitive advantage when it has access to resources that others do not?T//18) //In a transparentmarketplace, there is high product differentiation. F //Studies show that less than one-quarter of a business firm's profits can be explained by alignment of IT with business.?F//Stronglinkages to customers and suppliers decrease switching costs. FALSE///The law of diminishing returns does not apply to traditional products. F//The more people that use MicrosoftOffice software and related products, the lower its value. F//The inventors of a disruptive technology typically benefit the most from the technology; and it is rare that fast followers catchup quickly?F//The activities that measure the performance of your business processes against strict standards are called best practices. F/ technologies permits service calls to U. S.companies to be answered in India just as United States?Internet telephony//The _ strategy concentrates financial management and control out of a central home base whiledecentralizing production, sales, and marketing operations to units in other countries.?multinational//The _strategy is characterized by heavy centralization of corporateactivities .Domestic//In a _system configuration, separate information systems are designed and managed by each foreign unit?decentralized//_systems are those in which developmentoccurs at the home base, but operations are handed over to autonomous units in foreign locations. Duplicated//19)firm that locates all systems development and operations at itsheadquarters is using _ system configuration?centralized //_ typically develop a single information system, and then replicate it around the world?.Franchisers//Caterpillar Corporationis example of which of the following? Domestic exporter//Which of the following is pursuing a transnational strategy?Nestlé//Customer definitions of the quality of a product includeall of the following except:?uniformity of the product//Seeing quality as the responsibility of all people and functions in an organization is central to the TQM//The reduction of errorsto 3.4 defects per million opportunities is central to the concept of?