Question 1

Explain the power of buyers.

Accepted Answer

The power of buyers increases when they

Question 2

The threat of new entrants in an industry is very high when startups open business with little capital and few employees.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is commonly used by organizations to influence how the Porter's five forces operate?

Accepted Answer

A)  evasion of taxes to effect governmental action 
B)  selling at prices below the existing market price 
C)  lobbying for governmental action 
D)  selling at prices above the existing market price 
A)  evasion of taxes to effect governmental action 
B)  selling at prices below the existing market price 
C)  lobbying for governmental action 
D)  selling at prices above the existing market price

Question 4

IT acts as a strategic enabler when ________.

Accepted Answer

A)  it is used to manage day-to-day operations 
B)  it focuses on the growth of an organization 
C)  it is used to create work schedules 
D)  employees learn to use IT services 
A)  it is used to manage day-to-day operations 
B)  it focuses on the growth of an organization 
C)  it is used to create work schedules 
D)  employees learn to use IT services

Question 5

IBF Associates manufactures automotive components such as seat belts, seats, mufflers, etc. The company supplies its products to leading car manufacturers in Europe and America. Which of the following statements, if true, would indicate that IBF has high bargaining power?

Accepted Answer

A)  IBF has only four customers and all of them are large companies. 
B)  IBF's customers do not expect differentiation in products such as seatbelts and mufflers. 
C)  Automobile companies have signed a five-year contract with IBF. 
D)  The automobile industry in Europe is characterized by low levels of competition. 
A)  IBF has only four customers and all of them are large companies. 
B)  IBF's customers do not expect differentiation in products such as seatbelts and mufflers. 
C)  Automobile companies have signed a five-year contract with IBF. 
D)  The automobile industry in Europe is characterized by low levels of competition.

Question 6

Cost of transportation is one of the five forces proposed by Porter.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following can be achieved by introducing anti-trust laws in a market?

Accepted Answer

A)  preventing the intensification of market competition 
B)  preventing dominant players from abusing their power 
C)  reducing tariffs and duties for existing players 
D)  creating entry barriers for new players 
A)  preventing the intensification of market competition 
B)  preventing dominant players from abusing their power 
C)  reducing tariffs and duties for existing players 
D)  creating entry barriers for new players

Question 8

Which of the following typically is the biggest cost component in an organization's IT spending?

Accepted Answer

A)  cost of keeping the IT services running 
B)  cost of buying computer hardware 
C)  cost of buying new software 
D)  cost of building IT infrastructure other than computers 
A)  cost of keeping the IT services running 
B)  cost of buying computer hardware 
C)  cost of buying new software 
D)  cost of building IT infrastructure other than computers

Question 9

Presence of loyalty programs reduces the switching costs of a product or service.

Accepted Answer

A) True 
 B)False

Question 10

Facebook, the world's most visited Web site as of June 2011, has millions of users. The large membership base of Facebook would mean that a user is likely to find most of his friends when he logs in to Facebook. Lack of this competence prevents new players from penetrating Facebook's market. This is an example of ________.

Accepted Answer

A)  monopolistic competition 
B)  internal marketing 
C)  network effects 
D)  guerilla marketing 
A)  monopolistic competition 
B)  internal marketing 
C)  network effects 
D)  guerilla marketing

Question 11

Which of the following is a key attribute of the low-cost leadership strategy?

Accepted Answer

A)  providing unique add-ons to supplement the products or services 
B)  focusing on a specific market segment 
C)  optimizing the value chain by eliminating unwanted costs 
D)  offering products and services with superior qualities 
A)  providing unique add-ons to supplement the products or services 
B)  focusing on a specific market segment 
C)  optimizing the value chain by eliminating unwanted costs 
D)  offering products and services with superior qualities

Explain the power of buyers.

The threat of new entrants in an industry is very high when startups open business with little capital and few employees.

Which of the following is commonly used by organizations to influence how the Porter's five forces operate?

IT acts as a strategic enabler when ________.

IBF Associates manufactures automotive components such as seat belts, seats, mufflers, etc. The company supplies its products to leading car manufacturers in Europe and America. Which of the following statements, if true, would indicate that IBF has high bargaining power?

Cost of transportation is one of the five forces proposed by Porter.

Which of the following can be achieved by introducing anti-trust laws in a market?

Which of the following typically is the biggest cost component in an organization's IT spending?

Presence of loyalty programs reduces the switching costs of a product or service.

Which of the following is a key attribute of the low-cost leadership strategy?

Information Systems and People

Systems Development and Procurement

Project Management and Strategic Planning

Information and Communications Technologies: The Enterprise Architecture

Managing Information Resources with Databases

Information Systems for the Enterprise

The Web and E-Commerce

Ethics, Privacy, and Security

Business Intelligence and Decision Support

Collaborating with Technology

Knowledge Management and E-Learning

Filters

Exam 2: Information Systems and Strategy

Explain the power of buyers.

The threat of new entrants in an industry is very high when startups open business with little capital and few employees.

Which of the following is commonly used by organizations to influence how the Porter's five forces operate?

IT acts as a strategic enabler when ________.

IBF Associates manufactures automotive components such as seat belts, seats, mufflers, etc. The company supplies its products to leading car manufacturers in Europe and America. Which of the following statements, if true, would indicate that IBF has high bargaining power?

Cost of transportation is one of the five forces proposed by Porter.

Which of the following can be achieved by introducing anti-trust laws in a market?

Which of the following typically is the biggest cost component in an organization's IT spending?

Presence of loyalty programs reduces the switching costs of a product or service.

Which of the following is a key attribute of the low-cost leadership strategy?

Information Systems and People

Systems Development and Procurement

Project Management and Strategic Planning

Information and Communications Technologies: The Enterprise Architecture

Managing Information Resources with Databases

Information Systems for the Enterprise

The Web and E-Commerce

Ethics, Privacy, and Security

Business Intelligence and Decision Support

Collaborating with Technology

Knowledge Management and E-Learning

Filters