Exam 3: Organizational Strategy, Information Systems, and Competitive Advantage

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

Organizations choose a competitive strategy after designing business processes that span value-generating activities.

According to Porter's four competitive strategy model, what are the four competitive strategies firms can choose?

Describe the process by which organizations develop their information systems.

Which of the following value chain activities involves inducing buyers to purchase a product and providing a means for them to do so?

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

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

An organization reducing operational costs is using product implementation to achieve competitive advantage.

Which of the following statements is consistent with the central idea of business process design?

In the inbound logistics activity of a value chain, the manufacturer receives, stores, and disseminates inputs to a product.

A generic value chain consists of five primary activities and four support activities.

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

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

In the value chain, the primary activity of customer service is concerned with inducing buyers to purchase the product and providing a means for them to do so.

Bargaining power of customers is likely to be the highest for markets involving ________.

An organization implements an information system to optimize its supply chain. The system helps the organization decrease wastages. Hence, the system provides a competitive advantage to the organization. Here, the information system helped the organization achieve competitive advantage by ________.

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.

A telecom service provider focusing on high-end users is following an industry-wide differentiation strategy.

Support activities in a value chain include the processes of finding vendors, setting up contractual arrangements, and negotiating prices.