Exam 1: Management Information Systems: Business Driven MIS

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If you were thinking about a washing machine as a system which of the following represents the process?

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Buyer power is the ability of buyers to affect the price they must pay for an item.

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There are many challenges to changing doctors,including transferring medical records and losing the doctor patient relationship along with the doctor's knowledge of the patient's history.Changing doctors provides a great example of switching costs.

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Michael Porter defined the Five Forces Model and the potential pressures that can hurt sales.Which of the following is not one of the potential pressures that can hurt sales?

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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?

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If you were thinking about an oven as a system which of the following represents the output?

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Updating business strategies is a continuous undertaking as internal and external environments _______.

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What is a competitive advantage?

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The chief knowledge officer is responsible for (1)overseeing all uses of MIS and ensuring that MIS strategically aligns with business goals and objectives.

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Inbound logistics and operations are part of the primary value activities.

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Information technology can enable departments to more efficiently and effectively perform their core ____________.

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Competitive intelligence is the process of gathering information about the competitive environment,including ________.

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Which of the following offers an example where Porter's five forces are mostly strong and competition is high?

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Feedback is information that returns to its original transmitter and modifies the transmitter's actions.What would the original transmitter include?

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

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If you were thinking about a home theater system which of the following represents the inputs?

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Which of the following statements is true?

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Compare Porter's three generic strategies.

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The department within a company that performs the function of selling goods or services is called ________________.

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Rivalry among existing competitors refers to the ability of buyers to affect the price they must pay for an item.

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