Exam 2: Major Business Initiatives: Gaining Competitive Advantage With It

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Information partnerships require the integration of IT systems from two or more independent companies.

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True

All organizations seek ways to build sustainable practices and processes that address the needs of the three Ps: ____,____,and ____.

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People;Plant;Profit
Explanation: All organizations are seeking ways to build sustainable practices and processes that address the needs of the three Ps: People,Plant,and Profit.

_____ is a collection of Web-based and mobile technologies that create true interactivity among users.

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Social media
Explanation: Social media is a collection of Web-based and mobile technologies that create true interactivity among users,most usually allowing users to be both creators and consumers of content.

Customer service and support functions are multi-channel.

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Facebook is used to share your professional life and LinkedIn is used to share your personal life.

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Both the front office and the back office systems send customer information to the corporate database.

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All the associated costs of having software in-house represent _____ costs.

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A(n)_____ is simply the path a product or service follows from the originator of the product or service to the end consumer.

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All organizations are seeking ways to build sustainable practices and processes that address the needs of the three Ps.What are the three Ps?

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Which of the following is a popular social shopping service?

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Most large manufacturing companies use _____ processes,which ensure that the right parts are available as products in process move down the assembly line.

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World of Warcraft and Second Life are two well-known examples of MMORPGs.

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The distribution chain is simply the path followed from the distributor of a product or service to the end consumer.

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_____ and _____ refer to keeping the cost of purchased parts and products at acceptable levels.

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You can post information about yourself on Facebook.

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In relation to SCM,what is an information partnership?

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_____ is the use of a mobile device and its location to check into locations such as businesses and entertainment venues,find friends and their locations,and receive rewards and take advantage of "specials" based on location.

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A CRM system uses information about customers to gain insights into their needs,wants,and behaviors in order to serve them better.

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E-mail,fax,phone,and the Web are all ways in which most companies interact with their customers.This approach is known as multi-channel service delivery.

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Too many products on hand means that too much money is tied up in inventory and it increases the risk of obsolescence.

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