Exam 1: Information Systems in Business

The Five Forces Model, the three generic strategies, and value chain analysis are all methods by which organizations can assess their _________________________.

Which of the following represents the relationship between functional areas in a business?

The _________, the three generic strategies, and value chain analysis are all methods by which organizations can assess their competitive advantage.

Porter suggests that an organization is wise to adopt one of the three generic strategies: (1) broad cost leadership, (2) broad differentiation, or (3) ______________.

Which part of the value chain acquires raw materials and manufactures, delivers, markets, sells, and provides after-sales services?

A first-mover advantage occurs when an organization can significantly impact its market share by being the first to market with a(n) __________ advantage.

Explain how Frito Lay uses environmental scanning.

Describe the gap between business personnel and IT personnel and what an organization can do to close this gap.

Who is responsible for ensuring the throughput, transaction speed, accuracy, system availability, and reliability of an organization's information technology?

Information technology doesn't include processing of vocal information.

Which of the following represents the order of priority for the three primary organizational key resources?

The three generic strategies are broad _____________ approaches that organizations fall under.

Switching costs are typically used to influence the threat of substitute products or services.

Which issue concerns CIOs the most?

Distinguish among data, information, and knowledge.

Supplier power is _______ when buyers have few choices to buy from and low when their choices are many.

Which of the following companies uses the broad differentiation strategy?

A competitive advantage is typically temporary, unless it is a first-mover advantage.

The Five Forces Model, the _________, and value chain analysis are all methods by which organizations can assess their competitive advantage.

Identify four different departments in a typical business and explain how technology helps them to work together.