Question 1

The bargaining power of new entrants is one of the competitive forces identified by Porter.

Accepted Answer

A) True 
 B)False

Question 2

Because the ABC shipping system stored all customer information, customers were____________by the system, and would have to reenter recipient information if they wanted to ship with someone else.

Accepted Answer

The answer of Because the ABC shipping system stored all...

Question 3

Effective computer _____________ includes strong password use.

Accepted Answer

The answer of Effective computer _____________ includes strong password use....

Question 4

The cost of a business process is the value of the outputs minus the expense.

Accepted Answer

A) True 
 B)False

Question 5

A network of value generating activities that transforms inputs into outputs is called a____________.

Accepted Answer

The answer of A network of value generating activities that...

Question 6

An entry barrier makes it more____________ for new competition to enter the market.

Accepted Answer

The answer of An entry barrier makes it more____________ for...

Question 7

Organizations design business processes that span____________ activities.

Accepted Answer

The answer of Organizations design business processes that span____________ activities....

Question 8

Sales and service would be examples of supporting activities in Porter's value chain model.

Accepted Answer

A) True 
 B)False

Question 9

Rent- a- Wreck rents only older models autos very cheaply to the public, which is a differentiation strategy.

Accepted Answer

A) True 
 B)False

Question 10

The amount of money that someone would pay for a product is considered value.

Accepted Answer

A) True 
 B)False

Question 11

The amount of money that a customer is willing to pay for a service is its _____________.

Accepted Answer

A)  value 
B)  margin 
C)  cost 
D)  differentiation 
A)  value 
B)  margin 
C)  cost 
D)  differentiation

Question 12

Which is not a way for a company to achieve a competitive advantage?

Accepted Answer

A)  creating new products or services 
B)  raising prices 
C)  creating barriers to entry 
D)  reducing costs 
E)  establishing alliances 
A)  creating new products or services 
B)  raising prices 
C)  creating barriers to entry 
D)  reducing costs 
E)  establishing alliances

Question 13

When ATMs first came out, they provided a significant competitive advantage because they helped banks to differentiate themselves from others. Today, almost all banks provide access to these, so it is considered to be a standard service. How could you re- engineer a bank's ATM system in order to gain competitive advantage today?

Accepted Answer

An ATM is one example of an computer inf

Question 14

McDonald's and Pixar establish a(n) _____________ so that a toy character from the new animation film distributed will be distributed with every child's meal.

Accepted Answer

The answer of McDonald's and Pixar establish a(n) _____________ so...

Question 15

Accounting functions like accounts receivables would be an example of supporting activities in Porter's value chain model.

Accepted Answer

A) True 
 B)False

Question 16

If you stay in touch with fellow students after you graduate, which principle of competitive advantage are you mainly demonstrating?

Accepted Answer

A)  lock in customers or buyers 
B)  establish alliances 
C)  create a new product or service 
D)  lock in suppliers 
E)  raise barriers to market entry 
A)  lock in customers or buyers 
B)  establish alliances 
C)  create a new product or service 
D)  lock in suppliers 
E)  raise barriers to market entry

Question 17

Companies want to create ____________in order to lock in their customers.

Accepted Answer

The answer of Companies want to create ____________in order to...

Question 18

_____________ is an initiative a company uses to gain advantage if it can sell more units at a lower price while providing quality and maintaining or increasing its profit margin.

Accepted Answer

A)  Locking in suppliers or buyers 
B)  Establishing high switching costs 
C)  Establishing alliances 
D)  Reducing costs 
A)  Locking in suppliers or buyers 
B)  Establishing high switching costs 
C)  Establishing alliances 
D)  Reducing costs

Question 19

What are switching costs?

Accepted Answer

Switching cost are the expenses that a c

Question 20

General management is considered part of which activity in the value chain?

Accepted Answer

A)  procurement 
B)  service 
C)  human Resources 
D)  infrastructure 
A)  procurement 
B)  service 
C)  human Resources 
D)  infrastructure

The bargaining power of new entrants is one of the competitive forces identified by Porter.

Because the ABC shipping system stored all customer information, customers were____________by the system, and would have to reenter recipient information if they wanted to ship with someone else.

Effective computer _____________ includes strong password use.

The cost of a business process is the value of the outputs minus the expense.

A network of value generating activities that transforms inputs into outputs is called a____________.

An entry barrier makes it more____________ for new competition to enter the market.

Organizations design business processes that span____________ activities.

Sales and service would be examples of supporting activities in Porter's value chain model.

Rent- a- Wreck rents only older models autos very cheaply to the public, which is a differentiation strategy.

The amount of money that someone would pay for a product is considered value.

The amount of money that a customer is willing to pay for a service is its _____________.

Which is not a way for a company to achieve a competitive advantage?

McDonald's and Pixar establish a(n) _____________ so that a toy character from the new animation film distributed will be distributed with every child's meal.

Accounting functions like accounts receivables would be an example of supporting activities in Porter's value chain model.

If you stay in touch with fellow students after you graduate, which principle of competitive advantage are you mainly demonstrating?

Companies want to create ____________in order to lock in their customers.

_____________ is an initiative a company uses to gain advantage if it can sell more units at a lower price while providing quality and maintaining or increasing its profit margin.

What are switching costs?

General management is considered part of which activity in the value chain?

Mis and You

Information Systems for Collaboration

Hardware and Software

Database Processing

Data Communications

Information Systems Within the Organization

E-Commerce and Supply Chain Systems

Business Intelligence Systems

Systems Development

Information Systems Management

Information Security Management

How the Internet Works

Filters

Exam 3: Is for Competitive Advantage

The bargaining power of new entrants is one of the competitive forces identified by Porter.

Because the ABC shipping system stored all customer information, customers were____________by the system, and would have to reenter recipient information if they wanted to ship with someone else.

Effective computer _____________ includes strong password use.

The cost of a business process is the value of the outputs minus the expense.

A network of value generating activities that transforms inputs into outputs is called a____________.

An entry barrier makes it more____________ for new competition to enter the market.

Organizations design business processes that span____________ activities.

Sales and service would be examples of supporting activities in Porter's value chain model.

Rent- a- Wreck rents only older models autos very cheaply to the public, which is a differentiation strategy.

The amount of money that someone would pay for a product is considered value.

The amount of money that a customer is willing to pay for a service is its _____________.

Which is not a way for a company to achieve a competitive advantage?

McDonald's and Pixar establish a(n) _____________ so that a toy character from the new animation film distributed will be distributed with every child's meal.

Accounting functions like accounts receivables would be an example of supporting activities in Porter's value chain model.

If you stay in touch with fellow students after you graduate, which principle of competitive advantage are you mainly demonstrating?

Companies want to create ____________in order to lock in their customers.

_____________ is an initiative a company uses to gain advantage if it can sell more units at a lower price while providing quality and maintaining or increasing its profit margin.

What are switching costs?

General management is considered part of which activity in the value chain?

Mis and You

Information Systems for Collaboration

Hardware and Software

Database Processing

Data Communications

Information Systems Within the Organization

E-Commerce and Supply Chain Systems

Business Intelligence Systems

Systems Development

Information Systems Management

Information Security Management

How the Internet Works

Filters