Exam 3: Information Systems for Competitive Advantage

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Briefly describe the concepts of value,margin,and value chain.

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Organizational strategy begins with an assessment of the ________.

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

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What are switching costs?

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What are the four competitive strategies according to Porter's model?

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

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A flow is a network of activities that generate value by transforming inputs into outputs.

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The competitive strategy of locking in customers is sometimes called establishing high switching costs.

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Explain linkages using an example.

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The new discipline that evolved out of Porter's work on value chains is called ________.

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What are support activities of a value chain?

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

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Organizations can lock in customers by making it difficult or expensive for them to move to another product.

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Porter's five forces model that is used to assess an industry structure is also referred to as the value chain model.

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What is the digital divide?

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The value of accumulating raw materials is in the value of the raw materials itself.

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Porter's definition of human resources includes general management and government affairs.

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Porter's definition of firm infrastructure includes all of the following except ________.

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Organizations can lock in suppliers by making it difficult to switch to another organization or by ________.

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Porter's definition of human resources includes general management,finance,accounting,legal,and government affairs.

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