Exam 1: The Information Age in Which You Live: Changing the Face of Business

Which of the following auto manufacturers use an overall cost leadership strategy?

_____ refers to any computer-based tool that people use to work with information and support the information and information-processing needs of an organization.

_____ information quantifiably describes something that is known.

Under the RGT framework,which of the following strategies applies to a business that offers products and services faster and cheaper than the competition?

The average price of a movie ticket in the city of New York.is $8.This is an example of _______.

Doodle Corp.wants to increase customer loyalty toward its currently one-of-a-kind software,Bonkers EP.It does so by offering additional services like automatic updates and free upgrades.Which of the following forces in Porter's model is Doodle Corp.addressing in this situation?

_____ is a tool you use to save information for use at a later time.

Ethics are:

_____ is the set of instructions that your hardware executes to carry out a specific task.

Switching costs are almost exclusively monetary costs.

Fixed costs can include utilities,insurance,and employee salaries.

A(n)_____ is a tool you use to see,hear,or otherwise accept the results of your information-processing requests.

Your business had two strategic initiatives this year.One initiative focused on improving customer satisfaction.The second focused on providing customers with their purchase history from any Internet site in the world.If you were to allocate 15% of your IT budget to the first initiative and 25% to the second initiative,what type of strategy are you applying?

Under the RGT framework,which of the following strategies innovates business processes and/or products and services in a completely new way,moving into seemingly different markets?

The _____ is the hardware component that interprets and executes software.

_____ allows you to use the Internet for making phone calls instead of leasing traditional telephone lines from the phone company.

Who developed the Five Forces Model?

Data refers to ____.

The _____ flow of information consists of information that describes the current state of the organization based on its daily transactions.

With cloud computing,you can buy hardware infrastructure like servers or perhaps software site licenses.