Exam 3: Strategy and Information Systems

An organization providing the lowest cost for a product or service across an industry segment is focusing on cost leadership.

A business that selects a differentiation strategy would invariably structure itself around low-cost activities.

List the primary activities in a generic value chain.

Streamtech, a manufacturer of automobiles, recently received a patent for an unmanned search boat. By doing this, Streamtech has ________.

A(n) ________ is a network of activities that generate value by transforming inputs into outputs.

An organization that minimizes the costs associated with the delivery of its products uses a product implementation strategy to obtain competitive advantage.

What is the central idea of business process design?

Which of the following is a primary activity in the value chain?

According to Porter's model of business activities, interactions across value activities are called ________.

Focused differentiation occurs when ________.

A database is an example of a ________.

The difference between the value that an activity generates and the cost of the activity is called revenue.

Inbound logistics constitute support activities in the value chain of manufacturing firms.

Porter defined value as the amount of money that a customer is willing to pay for a resource, product, or service.

Which of the following factors determines the structure, features, and functions of an information system used in a company?

Describe the process by which organizations develop their information systems.

Which of the following is considered a support activity in the value chain of a business?

According to Porter's five forces model, in which of the following examples would rivalry be considered as a weak force affecting the market?

The material ordering process can be classified under ________.

According to Porter's five forces model, a group of grain farmers in a surplus year will have reduced ________.