Question 1

Explain various competitive strategies in business, with examples.

Accepted Answer

The low-cost leadership strategy means o

Question 2

Which of the following statements is true of a strategic enabler?

Accepted Answer

A) It enables research and innovation in an organization. 
B) It reduces expenses in the day-to-day operations of a business. 
C) It transforms a business or helps build a new business model. 
D) It differentiates a product or services from a competitor's offerings. 
A) It enables research and innovation in an organization. 
B) It reduces expenses in the day-to-day operations of a business. 
C) It transforms a business or helps build a new business model. 
D) It differentiates a product or services from a competitor's offerings.

Question 3

Southwest Airlines offers better fares compared to most of its competitors. This helps the company attract customers. Which of the following strategies is being used by Southwest Airlines?

Accepted Answer

A) product differentiation 
B) focused strategy 
C) focused differentiation 
D) low-cost leadership strategy 
A) product differentiation 
B) focused strategy 
C) focused differentiation 
D) low-cost leadership strategy

Question 4

Which of the following is a support activity of a consumer goods manufacturer?

Accepted Answer

A) outbound logistics 
B) marketing 
C) customer service 
D) procurement 
A) outbound logistics 
B) marketing 
C) customer service 
D) procurement

Question 5

Explain Porter's value chain model and the types of activities involved in it.

Accepted Answer

Porter's value chain model describes the

Question 6

Creative destruction occurs when ________.

Accepted Answer

A) disruptive innovations threaten established players 
B) sustaining technologies replace old procedures and processes 
C) bad industrial practices are eradicated through government regulations 
D) new products or services are introduced by underperforming players 
A) disruptive innovations threaten established players 
B) sustaining technologies replace old procedures and processes 
C) bad industrial practices are eradicated through government regulations 
D) new products or services are introduced by underperforming players

Question 7

Which of the following is a valid observation on price-based rivalry among existing competitors?

Accepted Answer

A) It is damaging for the competitors and the industry in which they operate. 
B) It leads to quality-based competition and innovation. 
C) It results in hidden losses for the customers. 
D) It decreases the price sensitivity of customers. 
A) It is damaging for the competitors and the industry in which they operate. 
B) It leads to quality-based competition and innovation. 
C) It results in hidden losses for the customers. 
D) It decreases the price sensitivity of customers.

Question 8

Durall is a leading manufacturer of decorative crafts in Canada. Which of the following, if true, will indicate that the threat of new entrants is high for Durall?

Accepted Answer

A) Durall has a patent for its manufacturing process. 
B) The crafts that Durall manufactures are low-priced. 
C) The process of manufacturing the crafts is labor intensive. 
D) The decorative crafts industry is capital intensive. 
A) Durall has a patent for its manufacturing process. 
B) The crafts that Durall manufactures are low-priced. 
C) The process of manufacturing the crafts is labor intensive. 
D) The decorative crafts industry is capital intensive.

Question 9

According to Porter's model, cost of transportation is one of the five forces that influence industry competition.

Accepted Answer

A) True 
 B)False

Question 10

Procurement and technology support are primary activities of a value chain.

Accepted Answer

A) True 
 B)False

Question 11

Differentiating the product or service for a particular segment of the market is called a ________.

Accepted Answer

A) market leadership strategy 
B) focused niche strategy 
C) market penetration strategy 
D) cost leadership strategy 
A) market leadership strategy 
B) focused niche strategy 
C) market penetration strategy 
D) cost leadership strategy

Question 12

Which of the following actions of a sugar manufacturing company is an extension of its value chain beyond its own primary and support activities?

Accepted Answer

A) The company intensifies its marketing activities to cater to new customers. 
B) The company buys a large sugarcane plantation in another country. 
C) The company adds a few more distributors to extend the reach of its products. 
D) The company launches a new promotional campaign to attract more buyers. 
A) The company intensifies its marketing activities to cater to new customers. 
B) The company buys a large sugarcane plantation in another country. 
C) The company adds a few more distributors to extend the reach of its products. 
D) The company launches a new promotional campaign to attract more buyers.

Question 13

What are switching costs?

Accepted Answer

Switching costs are the costs customers

Question 14

Which of the following is a primary activity of an automobile manufacturer?

Accepted Answer

A) assembling automobile parts 
B) administration and management of infrastructure 
C) human resource management 
D) inventory tracking 
A) assembling automobile parts 
B) administration and management of infrastructure 
C) human resource management 
D) inventory tracking

Question 15

Which of the following companies will have the highest buying power?

Accepted Answer

A) a company that sells agricultural products procured from numerous farmers 
B) a firm that is an exclusive dealer for an automotive company 
C) a bank that borrows from the Federal Reserve 
D) a company that procures IT services from a large software company 
A) a company that sells agricultural products procured from numerous farmers 
B) a firm that is an exclusive dealer for an automotive company 
C) a bank that borrows from the Federal Reserve 
D) a company that procures IT services from a large software company

Question 16

Which of the following illustrates a low-cost leadership strategy?

Accepted Answer

A) CGlass sells inexpensive, fashionable eyewear in comparison with its competitors. 
B) Brown Valley offers huge discounts on bulk purchases from its retail outlets. 
C) Clay Mansion imports ceramic vases from Europe and Asia. 
D) Felt sells consumer durables through franchise outlets. 
A) CGlass sells inexpensive, fashionable eyewear in comparison with its competitors. 
B) Brown Valley offers huge discounts on bulk purchases from its retail outlets. 
C) Clay Mansion imports ceramic vases from Europe and Asia. 
D) Felt sells consumer durables through franchise outlets.

Question 17

Which of the following is a strong reason to believe that IT is essential to manage nonprofits?

Accepted Answer

A) Nonprofit organizations are generally bigger than for-profit businesses. 
B) Operational requirements for nonprofits are similar to for-profit businesses. 
C) Most nonprofit organizations have a concealed profit motive. 
D) Many nonprofit organizations are supported and funded by for-profit businesses. 
A) Nonprofit organizations are generally bigger than for-profit businesses. 
B) Operational requirements for nonprofits are similar to for-profit businesses. 
C) Most nonprofit organizations have a concealed profit motive. 
D) Many nonprofit organizations are supported and funded by for-profit businesses.

Question 18

What impact does the ecosystem have on businesses?

Accepted Answer

Companies are embedded in a complex ecos

Question 19

Identify the project for which governmental funding is most critical.

Accepted Answer

A) a project to launch a new, low-cost car 
B) a scheme to improve the financial status of a company 
C) a research project on hybrid oil 
D) an infrastructure project that should be completed in one year 
A) a project to launch a new, low-cost car 
B) a scheme to improve the financial status of a company 
C) a research project on hybrid oil 
D) an infrastructure project that should be completed in one year

Question 20

Alduro Plastics, a utensils manufacturing company, decides to extend its value chain by acquiring a manufacturer of raw materials. Which of the following, if true, would most support Alduro's decision?

Accepted Answer

A) The company's major supplier displays a sloppy attitude while supplying materials. 
B) The company's production schedule is seasonal. 
C) The company has projected a growth of 8 percent for the current financial year. 
D) The company's managing director has resigned recently. 
A) The company's major supplier displays a sloppy attitude while supplying materials. 
B) The company's production schedule is seasonal. 
C) The company has projected a growth of 8 percent for the current financial year. 
D) The company's managing director has resigned recently.

Explain various competitive strategies in business, with examples.

Which of the following statements is true of a strategic enabler?

Southwest Airlines offers better fares compared to most of its competitors. This helps the company attract customers. Which of the following strategies is being used by Southwest Airlines?

Which of the following is a support activity of a consumer goods manufacturer?

Explain Porter's value chain model and the types of activities involved in it.

Creative destruction occurs when ________.

Which of the following is a valid observation on price-based rivalry among existing competitors?

Durall is a leading manufacturer of decorative crafts in Canada. Which of the following, if true, will indicate that the threat of new entrants is high for Durall?

According to Porter's model, cost of transportation is one of the five forces that influence industry competition.

Procurement and technology support are primary activities of a value chain.

Differentiating the product or service for a particular segment of the market is called a ________.

Which of the following actions of a sugar manufacturing company is an extension of its value chain beyond its own primary and support activities?

What are switching costs?

Which of the following is a primary activity of an automobile manufacturer?

Which of the following companies will have the highest buying power?

Which of the following illustrates a low-cost leadership strategy?

Which of the following is a strong reason to believe that IT is essential to manage nonprofits?

What impact does the ecosystem have on businesses?

Identify the project for which governmental funding is most critical.

Alduro Plastics, a utensils manufacturing company, decides to extend its value chain by acquiring a manufacturer of raw materials. Which of the following, if true, would most support Alduro's decision?

Information Systems and People

Information and Communications Technologies: The Enterprise Architecture

Databases and Datawarehouses

Information Systems for the Enterprise

The Web, E-Commerce, and M-Commerce

Business Intelligence and Decision Making

Collaborating With Technology

Knowledge Management and E-Learning

Ethics, Privacy, and Security

Systems Development and Procurement

Project Management and Strategic Planning

Filters

Exam 2: Information Systems and Strategy

Explain various competitive strategies in business, with examples.

Which of the following statements is true of a strategic enabler?

Southwest Airlines offers better fares compared to most of its competitors. This helps the company attract customers. Which of the following strategies is being used by Southwest Airlines?

Which of the following is a support activity of a consumer goods manufacturer?

Explain Porter's value chain model and the types of activities involved in it.

Creative destruction occurs when ________.

Which of the following is a valid observation on price-based rivalry among existing competitors?

Durall is a leading manufacturer of decorative crafts in Canada. Which of the following, if true, will indicate that the threat of new entrants is high for Durall?

According to Porter's model, cost of transportation is one of the five forces that influence industry competition.

Procurement and technology support are primary activities of a value chain.

Differentiating the product or service for a particular segment of the market is called a ________.

Which of the following actions of a sugar manufacturing company is an extension of its value chain beyond its own primary and support activities?

What are switching costs?

Which of the following is a primary activity of an automobile manufacturer?

Which of the following companies will have the highest buying power?

Which of the following illustrates a low-cost leadership strategy?

Which of the following is a strong reason to believe that IT is essential to manage nonprofits?

What impact does the ecosystem have on businesses?

Identify the project for which governmental funding is most critical.

Alduro Plastics, a utensils manufacturing company, decides to extend its value chain by acquiring a manufacturer of raw materials. Which of the following, if true, would most support Alduro's decision?

Information Systems and People

Information and Communications Technologies: The Enterprise Architecture

Databases and Datawarehouses

Information Systems for the Enterprise

The Web, E-Commerce, and M-Commerce

Business Intelligence and Decision Making

Collaborating With Technology

Knowledge Management and E-Learning

Ethics, Privacy, and Security

Systems Development and Procurement

Project Management and Strategic Planning

Filters