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Physical Goods Pizza Cars Clothes Washing Machines Information Goods Information Goods Books Music Movies Financial Reports information good a collection of symbols Its utility depends on the arrangement of the symbols not on the material form that they take Thus they are easily digitized Properties of Information Goods infinitely replicable easy to disseminate easy to store memory card high fixed costs no marginal costs information goods are experience goods tend to be unique aspects of monopoly Information good value derives from information not media physical form Technology Digitization and Proliferation of Information Goods Important characteristics of Info Goods Ease of replication distribution and storage Experience goods Variable Valuations Cost structure high fixed low no variable Summary


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UMD BMGT 301 - Information Goods

Documents in this Course
Big Data

Big Data

27 pages

Hardware

Hardware

13 pages

Hardware

Hardware

10 pages

MIDTERM

MIDTERM

4 pages

Notes

Notes

13 pages

Notes

Notes

3 pages

Quiz 4

Quiz 4

4 pages

Quiz 2

Quiz 2

2 pages

Netflix

Netflix

1 pages

Notes

Notes

4 pages

Midterm

Midterm

6 pages

Netflix

Netflix

1 pages

Essay

Essay

6 pages

Notes

Notes

6 pages

Notes

Notes

7 pages

Final

Final

24 pages

Notes

Notes

2 pages

WEB PAGES

WEB PAGES

35 pages

Web 2.0

Web 2.0

13 pages

Summary

Summary

1 pages

Exam 1

Exam 1

10 pages

Notes

Notes

8 pages

Exam 1

Exam 1

23 pages

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