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ECON 106T Study Guide - Winter 2019, Comprehensive Final Exam Notes - Apple Inc., Google, Iphone


Department
Economics
Course Code
ECON 106T
Professor
Simon Board
Study Guide
Final

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ECON 106T

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Advantage Among Competition
Hold-up
Value diverted to customers, suppliers or
complementary
o E.g. IBM and Intel/Microsoft.
Substitution
Will market move away from product?
Product may be subsumed (e.g. cameras vs
phones).
Arrival of disruptive product (e.g. desktop vs
laptop).
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Slack
Waste is hard to identify. Examples:
o Expenditure: Jets, fancy offices, big parties
o Biased decisions: Poor investments, hiring
friends
Possible solutions
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