Exam 2: Information Systems for Competitive Advantage

What type of resource includes computer hardware and software, information specialists, and users?

The physical resources of the firm include personnel, material, machines, and money.

Technology development supports but does influence the primary activities of the firm.

The term to describe the use of information to gain leverage in the marketplace is:

A firm achieves a__________ when it implements a strategy in a better way than its competitors.

Which activity is defined as acquiring information, using it in the most effective way, and discarding it at the proper time?

These products and services are marketed to the firm's ___________.

__________are organizations and individuals that exist outside the firm and that have a direct or indirect influence on it.

Which environmental resource flow occurs more frequently than the others?

__________is the process of organizing a firm's information so that it can easily be captured, stored, processed, and used by decision makers.

A firm that operates across products, markets, nations, and cultures is referred to as a(n):

__________is the movement of machine- readable data across national boundaries.

What are the advantages that accrue to the MNC because of good information processing capabilities and the ability to coordinate?

Interaction with technology can vary greatly among cultures.

Which of the following are not environmental elements of all firms?

Which environmental resource flow occurs less frequently than the others?

Which of the following is a virtual resource of the firm?

At which managerial level can managers specify how the strategic plans will be implemented?

Tactical advantage is achieved when a firm implements a strategy in a better way than its competitors.

Legacy systems are incompatible or only partially compatible with current information technology.