Question 1

A(n)________ is a network of activities that generate worth by transforming inputs into outputs.

Accepted Answer

A) business process 
B) competitive strategy 
C) value chain 
D) information system 
A) business process 
B) competitive strategy 
C) value chain 
D) information system

Question 2

An organization's goals and objectives are determined by its competitive strategy.

Accepted Answer

A) True 
 B)False

Question 3

According to Porter's five forces model, a frequent traveler's choice of auto rental would be an example of a strong force for ________.

Accepted Answer

A) rivalry 
B) threat of new entrants 
C) threat of substitutions 
D) bargaining power of customers 
A) rivalry 
B) threat of new entrants 
C) threat of substitutions 
D) bargaining power of customers

Question 4

The cost of the business process is the sum of the cost of the inputs and the ________.

Accepted Answer

A) cost of the activities 
B) cost of the outputs 
C) value of the outputs 
D) value of the products 
A) cost of the activities 
B) cost of the outputs 
C) value of the outputs 
D) value of the products

Question 5

Reduction in production cost results in ________.

Accepted Answer

A) better customer service 
B) lower shareholder value 
C) increased profitability 
D) increased competition 
A) better customer service 
B) lower shareholder value 
C) increased profitability 
D) increased competition

Question 6

Which of the following paved the way for the creation of a business process design?

Accepted Answer

A) support activities 
B) triggers 
C) linkages 
D) primary activities 
A) support activities 
B) triggers 
C) linkages 
D) primary activities

Question 7

A major drawback of Porter's five forces model is that it ignores the rivalry among firms in the industry.

Accepted Answer

A) True 
 B)False

Question 8

Distinguish between the primary and support activities of a value chain.

Accepted Answer

Primary activities directly add value to

Question 9

A group of shoe manufacturing firms purchases raw materials collectively from a single supplier to obtain better deals. This is an example of obtaining competitive advantage by ________.

Accepted Answer

A) differentiating the industry 
B) locking in customers 
C) establishing alliances 
D) enhancing the products 
A) differentiating the industry 
B) locking in customers 
C) establishing alliances 
D) enhancing the products

Question 10

The cost of the business process is the cost of the inputs plus the cost of the outputs.

Accepted Answer

A) True 
 B)False

Question 11

What changes will the pace of change bring about in the future?

Accepted Answer

The pace of change and the pace of integ

Question 12

Identify the principle of competitive advantage that is associated with product implementations.

Accepted Answer

A) lock in customers 
B) enhance services 
C) lock in suppliers 
D) establish alliances 
A) lock in customers 
B) enhance services 
C) lock in suppliers 
D) establish alliances

Question 13

Porter's five forces model is used to assess ________.

Accepted Answer

A) industry structure 
B) market share 
C) internal competition 
D) life cycles of products 
A) industry structure 
B) market share 
C) internal competition 
D) life cycles of products

Question 14

Streamtech, a manufacturer of automobiles, recently received a patent for an unmanned search boat. By doing this, Streamtech has ________.

Accepted Answer

A) created an entry barrier 
B) introduced product differentiation 
C) locked in its suppliers 
D) reduced the cost of operations 
A) created an entry barrier 
B) introduced product differentiation 
C) locked in its suppliers 
D) reduced the cost of operations

Question 15

Focused differentiation occurs when ________.

Accepted Answer

A) better service is provided within an industry segment 
B) there is limited competition in an industry 
C) customers, of a niche segment, are provided low-cost products 
D) product quality improves across an entire industry 
A) better service is provided within an industry segment 
B) there is limited competition in an industry 
C) customers, of a niche segment, are provided low-cost products 
D) product quality improves across an entire industry

Question 16

The International Zoological club publishes a monthly magazine for zoology enthusiasts. Members are required to pay an initial fee to cover the first two years of the subscription when registering with the club. In this scenario, the International Zoological club is ________.

Accepted Answer

A) enhancing services 
B) establishing alliances 
C) locking in customers 
D) standardizing the product 
A) enhancing services 
B) establishing alliances 
C) locking in customers 
D) standardizing the product

Question 17

Porter defined value as the amount of money that a customer is willing to pay for a resource, product, or service.

Accepted Answer

A) True 
 B)False

Question 18

Bargaining power of customers is likely to be the highest for markets involving ________.

Accepted Answer

A) limited edition apparel 
B) industrial products 
C) patented drugs 
D) vintage cars 
A) limited edition apparel 
B) industrial products 
C) patented drugs 
D) vintage cars

Question 19

Which of the following factors determines the structure, features, and functions of an information system used in a company?

Accepted Answer

A) the competitive strategy 
B) the value of its brands 
C) the size of the company 
D) the number of competitors 
A) the competitive strategy 
B) the value of its brands 
C) the size of the company 
D) the number of competitors

Question 20

What kind of technological changes can be expected in the next ten years?

Accepted Answer

Models of business strategy, competitive

A(n)________ is a network of activities that generate worth by transforming inputs into outputs.

An organization's goals and objectives are determined by its competitive strategy.

According to Porter's five forces model, a frequent traveler's choice of auto rental would be an example of a strong force for ________.

The cost of the business process is the sum of the cost of the inputs and the ________.

Reduction in production cost results in ________.

Which of the following paved the way for the creation of a business process design?

A major drawback of Porter's five forces model is that it ignores the rivalry among firms in the industry.

Distinguish between the primary and support activities of a value chain.

A group of shoe manufacturing firms purchases raw materials collectively from a single supplier to obtain better deals. This is an example of obtaining competitive advantage by ________.

The cost of the business process is the cost of the inputs plus the cost of the outputs.

What changes will the pace of change bring about in the future?

Identify the principle of competitive advantage that is associated with product implementations.

Porter's five forces model is used to assess ________.

Streamtech, a manufacturer of automobiles, recently received a patent for an unmanned search boat. By doing this, Streamtech has ________.

Focused differentiation occurs when ________.

The International Zoological club publishes a monthly magazine for zoology enthusiasts. Members are required to pay an initial fee to cover the first two years of the subscription when registering with the club. In this scenario, the International Zoological club is ________.

Porter defined value as the amount of money that a customer is willing to pay for a resource, product, or service.

Bargaining power of customers is likely to be the highest for markets involving ________.

Which of the following factors determines the structure, features, and functions of an information system used in a company?

What kind of technological changes can be expected in the next ten years?

The Importance of Mis

Collaboration Information Systems

Hardware, Software, and Mobile Systems

Database Processing

The Cloud

Processes, Organizations, and Information Systems

Social Media Information Systems

Business Intelligence Systems

Information Systems Security

Information Systems Management

Information Systems Development

Filters

Exam 3: Strategy and Information Systems

A(n)________ is a network of activities that generate worth by transforming inputs into outputs.

An organization's goals and objectives are determined by its competitive strategy.

According to Porter's five forces model, a frequent traveler's choice of auto rental would be an example of a strong force for ________.

The cost of the business process is the sum of the cost of the inputs and the ________.

Reduction in production cost results in ________.

Which of the following paved the way for the creation of a business process design?

A major drawback of Porter's five forces model is that it ignores the rivalry among firms in the industry.

Distinguish between the primary and support activities of a value chain.

A group of shoe manufacturing firms purchases raw materials collectively from a single supplier to obtain better deals. This is an example of obtaining competitive advantage by ________.

The cost of the business process is the cost of the inputs plus the cost of the outputs.

What changes will the pace of change bring about in the future?

Identify the principle of competitive advantage that is associated with product implementations.

Porter's five forces model is used to assess ________.

Streamtech, a manufacturer of automobiles, recently received a patent for an unmanned search boat. By doing this, Streamtech has ________.

Focused differentiation occurs when ________.

The International Zoological club publishes a monthly magazine for zoology enthusiasts. Members are required to pay an initial fee to cover the first two years of the subscription when registering with the club. In this scenario, the International Zoological club is ________.

Porter defined value as the amount of money that a customer is willing to pay for a resource, product, or service.

Bargaining power of customers is likely to be the highest for markets involving ________.

Which of the following factors determines the structure, features, and functions of an information system used in a company?

What kind of technological changes can be expected in the next ten years?

The Importance of Mis

Collaboration Information Systems

Hardware, Software, and Mobile Systems

Database Processing

The Cloud

Processes, Organizations, and Information Systems

Social Media Information Systems

Business Intelligence Systems

Information Systems Security

Information Systems Management

Information Systems Development

Filters