Question 1

Which of the below is similar to focused strategy versus broad strategy?

Accepted Answer

A) Large market versus leadership. 
B) Large market versus uniqueness. 
C) Niche market versus large market. 
D) Niche market versus generic. 
A) Large market versus leadership. 
B) Large market versus uniqueness. 
C) Niche market versus large market. 
D) Niche market versus generic. C

Question 2

Which of the following is not considered a core driver of the information age?

Accepted Answer

A) Information. 
B) Business Intelligence. 
C) Competitive Intelligence. 
D) Data. 
A) Information. 
B) Business Intelligence. 
C) Competitive Intelligence. 
D) Data. C

Question 3

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?

Accepted Answer

A) Broad differentiation. 
B) Supplier cost differentiation. 
C) Focused strategy. 
D) Broad cost leadership. 
A) Broad differentiation. 
B) Supplier cost differentiation. 
C) Focused strategy. 
D) Broad cost leadership. B

Question 4

Product differentiation occurs when a company develops unique differences in its products or services with the intent to influence demand.

Accepted Answer

A) True 
 B)False

Question 5

Assume you are in the business of producing and selling t-shirts.If you could produce more t-shirts with the same input what would happen to your productivity and profits assuming the price of your t-shirts remains the same?

Accepted Answer

A) Increase in productivity,decrease in profits 
B) Increase in productivity,increase in profits 
C) Decrease in productivity,decrease in profits 
D) Decrease in productivity,increase in profits 
A) Increase in productivity,decrease in profits 
B) Increase in productivity,increase in profits 
C) Decrease in productivity,decrease in profits 
D) Decrease in productivity,increase in profits

Question 6

The banking industry has implemented several competitive advantages including ATM's,online bill pay services,and electronic statements.Of course,these competitive advantages were quickly duplicated by any competitor that wanted to remain in the banking industry.These were all examples of ___________ competitive advantages.

Accepted Answer

A) Acquiring new technology products and services 
B) Hiring new employees 
C) Reducing expenses 
D) Gaining invaluable feedback from customers 
A) Acquiring new technology products and services 
B) Hiring new employees 
C) Reducing expenses 
D) Gaining invaluable feedback from customers

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Which of the following represents the types of data commonly found in the sales department?

Accepted Answer

A) Monetary datA. 
B) Transactional data. 
C) Production data. 
D) Employee data. 
A) Monetary datA. 
B) Transactional data. 
C) Production data. 
D) Employee data.

Question 9

What are goods?

Accepted Answer

A) Material items or products that customers will buy to satisfy a want or need. 
B) Tasks performed by people that customers will buy to satisfy a want or need. 
C) The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services. 
D) The rate at which goods and services are produced based upon total output given total inputs 
A) Material items or products that customers will buy to satisfy a want or need. 
B) Tasks performed by people that customers will buy to satisfy a want or need. 
C) The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services. 
D) The rate at which goods and services are produced based upon total output given total inputs

Question 10

__________ power measures the ability of buyers to affect the price they must pay for an item.

Accepted Answer

The answer of __________ power measures the ability of buyers...

Question 11

Porter's Five Forces Model outlines the process for a sales strategy.

Accepted Answer

A) True 
 B)False

Question 12

The threat of substitute products or services is _____ when there are many alternatives to a product or service and low when there are few alternatives from which to choose.

Accepted Answer

The answer of The threat of substitute products or services...

Question 13

Which of the following is not considered a category within the support value activities in a value chain analysis?

Accepted Answer

A) Technology development. 
B) Outbound logistics. 
C) Human resource management. 
D) Firm infrastructure. 
A) Technology development. 
B) Outbound logistics. 
C) Human resource management. 
D) Firm infrastructure.

Question 14

Using data and information to make decisions and solve problems is the key to finding success in business.These are also the core drivers of the information age and the building blocks of business systems.

Accepted Answer

A) True 
 B)False

Question 15

For an organization to succeed,every department or functional area must work independently to be most effective.

Accepted Answer

A) True 
 B)False

Question 16

____________ is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

Accepted Answer

The answer of ____________ is the process where a business...

Question 17

The threat of substitute products or services refers to the power of customers to purchase alternatives.

Accepted Answer

A) True 
 B)False

Question 18

Waiting tables,teaching,and cutting hair are all examples of services that people pay for to fulfill their needs.

Accepted Answer

A) True 
 B)False

Question 19

What is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services?

Accepted Answer

A) Goods 
B) Services 
C) Production 
D) Productivity 
A) Goods 
B) Services 
C) Production 
D) Productivity

Question 20

Cheryl Steffan is the operations manager for Nature's Bread Company,which specializes in providing natural products for health conscious individuals.Cheryl is responsible for compiling,analyzing,and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of knowledge that Cheryl would be using to successfully perform her job?

Accepted Answer

A) Craig Newmark is customer number 15467. 
B) Compare the costs of supplies including energy over the last five years to determine the best-selling product by month. 
C) Best-selling product by day 
D) Best-selling product changes when Tony the best baker is working. 
A) Craig Newmark is customer number 15467. 
B) Compare the costs of supplies including energy over the last five years to determine the best-selling product by month. 
C) Best-selling product by day 
D) Best-selling product changes when Tony the best baker is working.

Which of the below is similar to focused strategy versus broad strategy?

Which of the following is not considered a core driver of the information age?

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?

Product differentiation occurs when a company develops unique differences in its products or services with the intent to influence demand.

Assume you are in the business of producing and selling t-shirts.If you could produce more t-shirts with the same input what would happen to your productivity and profits assuming the price of your t-shirts remains the same?

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

Which of the following represents the types of data commonly found in the sales department?

What are goods?

__________ power measures the ability of buyers to affect the price they must pay for an item.

Porter's Five Forces Model outlines the process for a sales strategy.

The threat of substitute products or services is _____ when there are many alternatives to a product or service and low when there are few alternatives from which to choose.

Which of the following is not considered a category within the support value activities in a value chain analysis?

Using data and information to make decisions and solve problems is the key to finding success in business.These are also the core drivers of the information age and the building blocks of business systems.

For an organization to succeed,every department or functional area must work independently to be most effective.

____________ is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

The threat of substitute products or services refers to the power of customers to purchase alternatives.

Waiting tables,teaching,and cutting hair are all examples of services that people pay for to fulfill their needs.

What is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services?

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

Filters

Exam 1: Management Information Systems: Business Driven MIS

Which of the below is similar to focused strategy versus broad strategy?

Which of the following is not considered a core driver of the information age?

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?

Product differentiation occurs when a company develops unique differences in its products or services with the intent to influence demand.

Assume you are in the business of producing and selling t-shirts.If you could produce more t-shirts with the same input what would happen to your productivity and profits assuming the price of your t-shirts remains the same?

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

Which of the following represents the types of data commonly found in the sales department?

What are goods?

__________ power measures the ability of buyers to affect the price they must pay for an item.

Porter's Five Forces Model outlines the process for a sales strategy.

The threat of substitute products or services is _____ when there are many alternatives to a product or service and low when there are few alternatives from which to choose.

Which of the following is not considered a category within the support value activities in a value chain analysis?

Using data and information to make decisions and solve problems is the key to finding success in business.These are also the core drivers of the information age and the building blocks of business systems.

For an organization to succeed,every department or functional area must work independently to be most effective.

____________ is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.

The threat of substitute products or services refers to the power of customers to purchase alternatives.

Waiting tables,teaching,and cutting hair are all examples of services that people pay for to fulfill their needs.

What is the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services?

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

Filters