Question 1

Which of the following industries has the lowest barrier to entry?

Accepted Answer

A) Automotive 
B) Computer-chip 
C) Restaurant 
D) Airline 
A) Automotive 
B) Computer-chip 
C) Restaurant 
D) Airline

Question 2

Network economics:

Accepted Answer

A) applies the law of diminishing returns to communities of users. 
B) applies traditional economics to networked users. 
C) sees the cost of adding new members as inconsequential. 
D) balances the high cost of adding new members to a community against the lower cost of using network infrastructure. 
A) applies the law of diminishing returns to communities of users. 
B) applies traditional economics to networked users. 
C) sees the cost of adding new members as inconsequential. 
D) balances the high cost of adding new members to a community against the lower cost of using network infrastructure.

Question 3

Studies show that about half of a business firm's profits can be explained by alignment of IT with business.

Accepted Answer

A) True 
 B)False

Question 4

When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a ________ strategy.

Accepted Answer

A) product differentiation 
B) market niche 
C) mass customization 
D) process efficiency 
A) product differentiation 
B) market niche 
C) mass customization 
D) process efficiency

Question 5

The Internet raises the bargaining power of customers by:

Accepted Answer

A) creating new opportunities for building loyal customer bases. 
B) making more products available. 
C) making information available to everyone. 
D) lowering transaction costs. 
A) creating new opportunities for building loyal customer bases. 
B) making more products available. 
C) making information available to everyone. 
D) lowering transaction costs.

Question 6

In the age of the Internet, Porter's traditional competitive forces model is still at work, but competitive rivalry has become much more intense.

Accepted Answer

A) True 
 B)False

Question 7

To what competitive force did the printed encyclopedia industry succumb?

Accepted Answer

A) Positioning and rivalry among competitors 
B) Low cost of entry 
C) Substitute products or services 
D) Customer's bargaining power 
A) Positioning and rivalry among competitors 
B) Low cost of entry 
C) Substitute products or services 
D) Customer's bargaining power

Question 8

All of the following are considered primary activities of a firm except:

Accepted Answer

A) inbound logistics. 
B) sales and marketing. 
C) procurement. 
D) service. 
A) inbound logistics. 
B) sales and marketing. 
C) procurement. 
D) service.

Question 9

Which of the following illustrates the use of information systems to focus on market niche?

Accepted Answer

A) A hot tub dealer's use of information systems to determine which models and options its customers are most likely to buy 
B) A shoe manufacturer's use of information systems in selling custom, made-to-order shoes directly to customers 
C) A PC manufacturer's use of information systems to facilitate direct access from suppliers to production schedules 
D) A grocery store chain's use of information systems to produce products and services at a lower price than competitors 
A) A hot tub dealer's use of information systems to determine which models and options its customers are most likely to buy 
B) A shoe manufacturer's use of information systems in selling custom, made-to-order shoes directly to customers 
C) A PC manufacturer's use of information systems to facilitate direct access from suppliers to production schedules 
D) A grocery store chain's use of information systems to produce products and services at a lower price than competitors

Question 10

You are advising the owner of Smalltown Computer, a new, local computer repair store that also builds custom computers to order. How is the concept of core competency relevant to this business? Define the concept and give examples.

Accepted Answer

A core competency is an activity for whi

Which of the following industries has the lowest barrier to entry?

Network economics:

Studies show that about half of a business firm's profits can be explained by alignment of IT with business.

When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a ________ strategy.

The Internet raises the bargaining power of customers by:

In the age of the Internet, Porter's traditional competitive forces model is still at work, but competitive rivalry has become much more intense.

To what competitive force did the printed encyclopedia industry succumb?

All of the following are considered primary activities of a firm except:

Which of the following illustrates the use of information systems to focus on market niche?

You are advising the owner of Smalltown Computer, a new, local computer repair store that also builds custom computers to order. How is the concept of core competency relevant to this business? Define the concept and give examples.

Business Information Systems in Your Career

Global E-Business and Collaboration

Ethical and Social Issues in Information Systems

It Infrastructure: Hardware and Software

Foundations of Business Intelligence: Databases and Information Management

Telecommunications, the Internet, and Wireless Technology

Securing Information Systems

Achieving Operational Excellence and Customer Intimacy: Enterprise Applications

E-Commerce: Digital Markets, Digital Goods

Improving Decision Making and Managing Knowledge

Building Information Systems and Managing Projects

Filters

Exam 3: Achieving Competitive Advantage With Information Systems

Which of the following industries has the lowest barrier to entry?

Network economics:

Studies show that about half of a business firm's profits can be explained by alignment of IT with business.

When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a ________ strategy.

The Internet raises the bargaining power of customers by:

In the age of the Internet, Porter's traditional competitive forces model is still at work, but competitive rivalry has become much more intense.

To what competitive force did the printed encyclopedia industry succumb?

All of the following are considered primary activities of a firm except:

Which of the following illustrates the use of information systems to focus on market niche?

You are advising the owner of Smalltown Computer, a new, local computer repair store that also builds custom computers to order. How is the concept of core competency relevant to this business? Define the concept and give examples.

Business Information Systems in Your Career

Global E-Business and Collaboration

Ethical and Social Issues in Information Systems

It Infrastructure: Hardware and Software

Foundations of Business Intelligence: Databases and Information Management

Telecommunications, the Internet, and Wireless Technology

Securing Information Systems

Achieving Operational Excellence and Customer Intimacy: Enterprise Applications

E-Commerce: Digital Markets, Digital Goods

Improving Decision Making and Managing Knowledge

Building Information Systems and Managing Projects

Filters