A) The ability of buyers to affect the price they must pay for an item. B) The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services). C) High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market. D) High when there are many alternatives to a product or service and low when there are few alternatives from which to choose. A) The ability of buyers to affect the price they must pay for an item. B) The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services). C) High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market. D) High when there are many alternatives to a product or service and low when there are few alternatives from which to choose.

Exam 1: Management Information Systems: Business Driven MIS

Jennifer Bloom is writing a paper and she must determine which of Porter's three generic strategies The Museum Company has implemented. Jennifer finds out that The Museum Company offers specialty products found only in museums around the world to affluent customers. What would Jennifer determine The Museum Company is using as its generic strategy?

(Multiple Choice)

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Question 201

What is a standardized set of activities that accomplishes a specific task?

(Multiple Choice)

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Question 202

What is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making?

(Multiple Choice)

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Question 203

Zappos is not a technology company; its primary business focus is to sell books.

(True/False)

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Question 204

Mark Peterson identified the Porter's Five Forces Model which analyzes the competitive forces within a business environment.

(True/False)

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Question 205

In terms of system thinking, what is feedback?

(Multiple Choice)

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Question 206

Unstructured data is data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.

(True/False)

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Question 207

Which of the following are included as potential external opportunities in a SWOT analysis that are helpful to an organization?

(Multiple Choice)

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Question 208

What are tasks performed by people that customers will buy to satisfy a want or need?

(Multiple Choice)

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Question 209

Descriptive analytics use techniques that describe past performance and history.

(True/False)

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Question 210

Firm infrastructure and human resource management are part of the primary value activities.

(True/False)

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Question 211

How can a company reduce the threat of substitute products or services?

(Multiple Choice)

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Question 212

Bread, cheese, and butter are included in the process of making a grilled cheese sandwich.

(True/False)

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Question 213

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

(True/False)

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Question 214

The Internet of Things (IoT)is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

(True/False)

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Question 215

Information is data converted into useful, meaningful context. What are data characteristics that change or vary over time?

(Multiple Choice)

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Question 216

Where would you categorize threats in a SWOT analysis?

(Multiple Choice)

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Question 217

Companies today are successful when they combine the power of the information age with traditional business methods.

(True/False)

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Question 218

What is buyer power?

(Multiple Choice)

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Question 219

The business decisions made by the human resources department include employee data, promotion data, and vacation data.

(True/False)

4.7/5

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Question 220

Showing 201 - 220 of 473

What is a standardized set of activities that accomplishes a specific task?

What is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making?

Zappos is not a technology company; its primary business focus is to sell books.

Mark Peterson identified the Porter's Five Forces Model which analyzes the competitive forces within a business environment.

In terms of system thinking, what is feedback?

Unstructured data is data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.

Which of the following are included as potential external opportunities in a SWOT analysis that are helpful to an organization?

What are tasks performed by people that customers will buy to satisfy a want or need?

Descriptive analytics use techniques that describe past performance and history.

Firm infrastructure and human resource management are part of the primary value activities.

How can a company reduce the threat of substitute products or services?

Bread, cheese, and butter are included in the process of making a grilled cheese sandwich.

A SWOT analysis evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.

The Internet of Things (IoT)is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

Information is data converted into useful, meaningful context. What are data characteristics that change or vary over time?

Where would you categorize threats in a SWOT analysis?

Companies today are successful when they combine the power of the information age with traditional business methods.

What is buyer power?

The business decisions made by the human resources department include employee data, promotion data, and vacation data.

Decisions and Processes: Value Driven Business

Ebusiness: Electronic Business Value

Ethics and Information Security: MIS Business Concerns

Infrastructures: Sustainable Technologies

Data: Business Intelligence

Networks: Mobile Business

Enterprise Applications: Business Communications

Systems Development and Project Management: Corporate Responsibility

Hardware and Software Basics

Networks and Telecommunications

Designing Databases

Emerging Trends and Technologies

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