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on 21-Oct-2016 (Fri)

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  1. Which of the following markets is least accurately described as a factor market? The market for:

    1. land.

    2. assembly line workers.

    3. capital market securities.

      Solution to 1:

      C is correct.

  2. Which of the following markets is most accurately defined as a goods market? The market for:

    1. companies.

    2. unskilled labor.

    3. legal and lobbying services.

Solution to 2:

C is correct.

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#zeroto1
What really matters is generating cash flows in the future, so being the first mover doesn’t do you any good if someone else comes along and unseats you. It’s much better to be the last mover—that is, to make the last great development in a specific market and enjoy years or even decades of monopoly profits.
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THE LAST WILL BE FIRST
> You’ve probably heard about “first mover advantage”: if you’re the first entrant into a market, you can capture significant market share while competitors scramble to get started. But moving first is a tactic, not a goal. What really matters is generating cash flows in the future, so being the first mover doesn’t do you any good if someone else comes along and unseats you. It’s much better to be the last mover—that is, to make the last great development in a specific market and enjoy years or even decades of monopoly profits. The way to do that is to dominate a small niche and scale up from there, toward your ambitious long-term vision. In this one particular at least, business is like chess. Grandmaster Jos




#zeroto1
If your average sale is seven figures or more, every detail of every deal requires close personal attention. It might take months to develop the right relationships. You might make a sale only once every year or two. Then you’ll usually have to follow up during installation and service the product long after the deal is done. It’s hard to do, but this kind of “complex sales” is the only way to sell some of the most valuable products.
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Complex Sales
If your average sale is seven figures or more, every detail of every deal requires close personal attention. It might take months to develop the right relationships. You might make a sale only once every year or two. Then you’ll usually have to follow up during installation and service the product long after the deal is done. It’s hard to do, but this kind of “complex sales” is the only way to sell some of the most valuable products. SpaceX shows that it can be done. Within just a few years of launching his rocket startup, Elon Musk persuaded NASA to sign billion-dollar contracts to replace the decommissioned space




Flashcard 1406199532812

Question

Which of the following markets is least accurately described as a factor market? The market for:

  1. land.

  2. assembly line workers.

  3. capital market securities.

Answer
C is correct.

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Open it
Which of the following markets is least accurately described as a factor market? The market for: land. assembly line workers. capital market securities. Solution to 1: C is correct. Which of the following markets is most accurately defined as a goods market? The market for: companies.







Flashcard 1406202678540

Question
  1. Which of the following markets is most accurately defined as a goods market? The market for:

    1. companies.

    2. unskilled labor.

    3. legal and lobbying services.

Solution to 2:

C is correct.

Answer
[default - edit me]

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rket for: land. assembly line workers. capital market securities. Solution to 1: C is correct. <span>Which of the following markets is most accurately defined as a goods market? The market for: companies. unskilled labor. legal and lobbying services. Solution to 2: C is correct. <span><body><html>







  1. Which of the following markets is most accurately defined as a goods market? The market for:

    1. companies.

    2. unskilled labor.

    3. legal and lobbying services.

Solution to 2:

C is correct.

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Open it
rket for: land. assembly line workers. capital market securities. Solution to 1: C is correct. <span>Which of the following markets is most accurately defined as a goods market? The market for: companies. unskilled labor. legal and lobbying services. Solution to 2: C is correct. <span><body><html>