Question 1

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

Accepted Answer

A)  High when buyers have few choices of whom to buy from and low when their choices are many 
B)  Low when buyers have few choices of whom to buy from and high when their choices are many 
C)  High when buyers have many choices of whom to buy from and low when their choices are few 
D)  None of the above 
A)  High when buyers have few choices of whom to buy from and low when their choices are many 
B)  Low when buyers have few choices of whom to buy from and high when their choices are many 
C)  High when buyers have many choices of whom to buy from and low when their choices are few 
D)  None of the above

Question 2

List and describe the five common IT-related strategic positions.

Accepted Answer

Chief Information Officer (CIO) oversees

Question 3

The information which is actionable is referred to as knowledge.

Accepted Answer

A) True 
 B)False

Question 4

Which part of the value chain includes firm infrastructure, human resources management, technology development, and procurement?

Accepted Answer

A)  Primary value activities 
B)  Secondary value activities 
C)  Support value activities 
D)  None of the above 
A)  Primary value activities 
B)  Secondary value activities 
C)  Support value activities 
D)  None of the above

Question 5

Rivalry among existing competitors is ________ when competition is fierce in a market.

Accepted Answer

The answer of Rivalry among existing competitors is ________ when...

Question 6

Which of the following is an example of the way that information technology can reduce supplier power for an organization?

Accepted Answer

A)  Switching costs 
B)  Reverse auction 
C)  Entry barrier 
D)  Loyalty program 
A)  Switching costs 
B)  Reverse auction 
C)  Entry barrier 
D)  Loyalty program

Question 7

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

Accepted Answer

The answer of Information-____________ culture allows employees across departments to...

Question 8

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

Accepted Answer

Three Gene

Question 9

Explain how Frito Lay uses environmental scanning.

Accepted Answer

Frito lay sends its sales repr

Question 10

Which of the following supports the primary value activities in the value chain?

Accepted Answer

A)  Primary value activities 
B)  Secondary value activities 
C)  Support value activities 
D)  None of the above 
A)  Primary value activities 
B)  Secondary value activities 
C)  Support value activities 
D)  None of the above

Question 11

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

Accepted Answer

Value Chai

Question 12

Which of the following companies uses the focused differentiation strategy?

Accepted Answer

A)  Hyundai 
B)  Audi 
C)  Kia 
D)  Tesla 
A)  Hyundai 
B)  Audi 
C)  Kia 
D)  Tesla

Question 13

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

Accepted Answer

A)  Broad cost leadership 
B)  Broad differentiation 
C)  Focused cost leadership 
D)  Focused differentiation 
A)  Broad cost leadership 
B)  Broad differentiation 
C)  Focused cost leadership 
D)  Focused differentiation

Question 14

Explain value chains and the differences between primary and support value activities.

Accepted Answer

Value chain approach views an organizati

Question 15

Which of the following is an example of a loyalty program?

Accepted Answer

A)  Frequent-flier programs for airlines 
B)  Frequent-stayer programs for hotels 
C)  Frequent-dining programs for restaurants 
D)  All of the above 
A)  Frequent-flier programs for airlines 
B)  Frequent-stayer programs for hotels 
C)  Frequent-dining programs for restaurants 
D)  All of the above

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Which of the following represents the order of priority for the three primary organizational key resources?

Accepted Answer

A)  Information systems, People, Processes 
B)  People, Processes, Information systems 
C)  Information systems, Processes, People 
D)  People, processes, profit 
A)  Information systems, People, Processes 
B)  People, Processes, Information systems 
C)  Information systems, Processes, People 
D)  People, processes, profit

Question 18

Which of the following is considered a business process?

Accepted Answer

A)  Processing a customer's order 
B)  Processing a customer's inquiry 
C)  Processing a customer's complaint 
D)  All of the above 
A)  Processing a customer's order 
B)  Processing a customer's inquiry 
C)  Processing a customer's complaint 
D)  All of the above

Question 19

Identify four different departments in a typical business and explain how technology helps them to work together.

Accepted Answer

Accounting provides quantitative informa

Question 20

Which of the following companies uses the focused cost leadership strategy?

Accepted Answer

A)  Hyundai 
B)  Audi 
C)  Kia 
D)  Tesla 
A)  Hyundai 
B)  Audi 
C)  Kia 
D)  Tesla

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

List and describe the five common IT-related strategic positions.

The information which is actionable is referred to as knowledge.

Which part of the value chain includes firm infrastructure, human resources management, technology development, and procurement?

Rivalry among existing competitors is ________ when competition is fierce in a market.

Which of the following is an example of the way that information technology can reduce supplier power for an organization?

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

Explain how Frito Lay uses environmental scanning.

Which of the following supports the primary value activities in the value chain?

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

Which of the following companies uses the focused differentiation strategy?

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

Explain value chains and the differences between primary and support value activities.

Which of the following is an example of a loyalty program?

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

Which of the following represents the order of priority for the three primary organizational key resources?

Which of the following is considered a business process?

Identify four different departments in a typical business and explain how technology helps them to work together.

Which of the following companies uses the focused cost leadership strategy?

Charting a Companys Direction: Its Vision, Mission, Objectives, and Strategy

Evaluating a Companys External Environment

Evaluating a Companys Resources, Capabilities, and Competitiveness

The Five Generic Competitive Strategies

Strengthening a Companys Competitive Position

Strategies for Competing in International Markets

Corporate Strategy

Ethics, Corporate Social Responsibility, Environmental Sustainability, and Strategy

Building an Organization Capable of Good Strategy Execution

Managing Internal Operations

Corporate Culture and Leadership

Filters

Exam 1: What Is Strategy and Why Is It Important

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

List and describe the five common IT-related strategic positions.

The information which is actionable is referred to as knowledge.

Which part of the value chain includes firm infrastructure, human resources management, technology development, and procurement?

Rivalry among existing competitors is ________ when competition is fierce in a market.

Which of the following is an example of the way that information technology can reduce supplier power for an organization?

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

Explain how Frito Lay uses environmental scanning.

Which of the following supports the primary value activities in the value chain?

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

Which of the following companies uses the focused differentiation strategy?

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

Explain value chains and the differences between primary and support value activities.

Which of the following is an example of a loyalty program?

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

Which of the following represents the order of priority for the three primary organizational key resources?

Which of the following is considered a business process?

Identify four different departments in a typical business and explain how technology helps them to work together.

Which of the following companies uses the focused cost leadership strategy?

Charting a Companys Direction: Its Vision, Mission, Objectives, and Strategy

Evaluating a Companys External Environment

Evaluating a Companys Resources, Capabilities, and Competitiveness

The Five Generic Competitive Strategies

Strengthening a Companys Competitive Position

Strategies for Competing in International Markets

Corporate Strategy

Ethics, Corporate Social Responsibility, Environmental Sustainability, and Strategy

Building an Organization Capable of Good Strategy Execution

Managing Internal Operations

Corporate Culture and Leadership

Filters