Exam 3: Strategy and Information Systems

RAC Associates is a car rental company that rents cars to customers in the United States. The company uses tracking devices and magnetic locks to prevent car theft. Such procedures are examples of ________.

The central idea of business process design is that organizations should automate or improve their existing functional systems.

Which of the following principles of competitive advantage is related to process implementations?

________ is a means through which an organization can gain a competitive advantage through process implementations.

A furniture dealer offering a wide variety of designs exclusively to premium customers is following an industry-wide cost leadership strategy.

Briefly explain Porter's five forces model.

Which of the following principles of competitive advantage is related to process implementations?

According to Porter's five forces model, in which of the following situations would a supplier have the highest bargaining power?

Activities such as collecting, storing, and physically distributing the products to buyers are considered as primary activities in a value chain.

Dynotrix Motors is a large car-manufacturing company. The company purchases raw materials from many small-sized sellers across the globe. In this case, Dynotrix Motors is characterized by ________.

In the context of Porter's five forces model, the bargaining power of customers of medicinal drugs is enhanced when pharmaceutical companies patent their products.

The cost of the business process is the sum of the cost of the inputs and the ________.

According to Porter's five forces model, which of the following would be most affected by the threat of substitutes?

An organization's goals and objectives are determined by its competitive strategy.

A business with a differentiation strategy will add cost to an activity only as long as the activity has a positive margin.

In the context of Porter's five forces model, the bargaining power of grain farmers in a surplus year is an example of a weak market force.

Operations involve transforming inputs into the final product.

Distinguish between the primary and support activities of a value chain.

The ________ discipline created by Porter states that firms should create new, more efficient business processes that integrate the activities of all departments involved in a value chain.

Which of the following principles of competitive advantage is associated with product implementations?