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

Which of the following is least likely to be an outcome of organizations forming alliances with each other?

The competitive strategy followed by an organization is derived from the ________ of its industry.

Porter developed the five forces model to help organizations determine the ________.

Establishing alliances with other organizations promotes product awareness.

The strength of bargaining power forces depends on the availability of substitutes and ________ compared to the size of suppliers or customers.

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

Business processes implement value chains or portions of value chains.

Porter's model of business activities includes ________,which are interactions across value activities.

An information system can be part of a product,but it cannot provide support for a product or service.

An organization can choose to either minimize cost or maximize differentiation to gain a competitive advantage.

Which of the following statements describes a scenario in which the bargaining power of a supplier is strong?

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

What are the four competitive strategies based on Porter's five forces model?

Customer service falls under the category of supporting activities in a value chain.

Which of the following statements describes suppliers in a position of strong bargaining power?

Which of the following is true about new entrants?

An organization responds to the structure of its industry by choosing a ________ strategy.

Which of the following is a product implementation principle of competitive advantage?

Value chain analysis has a direct application to manufacturing businesses.

The bargaining power of a customer is weak if ________.