Exam 1: Information Systems in Business

A(n) __________ process is a standardized set of activities that accomplish a specific task, such as processing a customer's order.

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

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

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

_____ is data that has been converted into meaningful and useful context.

Regarding the relationships with customers, organizations function as suppliers and thus prefer to reduce the ____ power of customers.

What is a business-to-business marketplace?

Compare and contrast the five forces model, the three generic strategies, and the value chain analysis. And comment upon how information systems drive the business.

Which of the following represents supplier power in Porter's Five Forces Model?

Marketing and selling of the product or service is considered a(n) _________ value activity in the value chain.

Which of the following is Hyundai using as its generic strategy?

A(n) ________ advantage is a product or service that an organization's customers place a greater value on than similar offerings from a competitor.

Information- ____________ culture allows employees across departments to search for information to better understand the future and align themselves with current trends and new directions.

The travel industry is famous for its _________ programs.

Which of the following is considered information?

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

Regarding the relationships with customers, organizations function as suppliers and thus prefer to _____ the buyer power of customers (and create a competitive advantage).

Audi is following a broad _________ strategy with its Quattro model which is available at several price points.

The competitive advantages are typically temporary because competitors often seek ways to ________ the competitive advantage.

Information technology is any computer-based tool that people use to work with ____________ and support the information and information processing needs of an organization.