Author Question: The first Blu-ray player released by Samsung in 2006 cost 1000. Samsung, the only producer of ... (Read 208 times)

beccaep · **on:** Jul 14, 2018

The first Blu-ray player released by Samsung in 2006 cost 1000. Samsung, the only producer of Blu-ray players at the time, was able to set the price high because:
A) the economy was thriving, and consumers could afford to spend 1000.
B) the Blu-ray was in the beginning stages of the product life cycle.
C) there was a lot of competition within the industry, and Samsung had to price the Blu-ray accordingly.
D) the economy was struggling, and 1000 was a low price.
E) the Blu-ray was in the late stages of the product life cycle.

Question 2

One of the reasons why Steve Jobs was a successful entrepreneur was his ability to take his ideas and turn them into actual products. His innovative and creative ideas and ability to excite others about the potential of these ideas relate to the entrepreneurial characteristic of:
A) energy.
B) internal drive.
C) vision.
D) tolerance for uncertainty.
E) confidence.