Exam 3: Is for Competitive Advantage

The sales process transforms finished goods into cash.

Businesses seek to use IT in order to gain ____________over other businesses seeking the same customers.

Just- in- time inventory systems reduce inventory levels and costs.

The county planning office tried to solve the problem of lengthy reviews by going to a____________permitting process.

Porter's model of the value chain and its linkages started a movement to create ____________, cross- departmental business systems.

Business____________ is centered on the idea that businesses should not automate existing systems, but should create new ones instead.

The system raised the _____________ because it would force other competitors to create their own system.

Support activities include all of the following, EXCEPT ____________.

Very little intellectual capital resides on the Internet that is not easily obtained elsewhere.

Some competitive advantages are less sustainable than others.

Hertz and Avis try to have the lowest prices in car rentals for business travelers, an example of lowest- cost to a(n) ____________.

It is difficult to calculate the ____________of a lot of support activities.

The difference between the cost of activities and what it generates is the value.

The____________ separates those who have easy access to the Internet from those who do not.

Jaguar has chosen what competitive strategy?

Describe at least 3 ways that a student can use the principles of competitive advantage relative to the student getting employment after college.

The margin of a business process is the value of the outputs minus the combined costs of the inputs and activities.

The intensity of each of the five forces will determine how _____________ the industry will be.

By providing customers with the addresses and easy email access between senders and receivers, a shipping company can reduce their customers' costs and ____________their customers to their services.

Facilities are resources at rest.