Exam 2: Organizational Strategy, Competitive Advantage, and Information Systems

In mass customization, companies produce items in large quantity, but they tailor the items to meet the desires and needs of individual customers.

Walmart's automatic inventory replenishment system, which enables the company to reduce inventory storage requirements, is an example of which strategy for competitive advantage?

Cross-functional processes are executed within a single functional area.

The visibility of Internet applications on the Web makes proprietary systems more difficult to keep secret.This is an example of which of Porter's five forces?

The primary activities in the value chain create the value for which customers are willing to pay.

E-Commerce is the process of buying, selling, transferring, or exchanging products, services, or information via computer networks, including the Internet.

Business process management includes methods and tools to support the design, analysis, implementation, management, and optimization of business processes.

Which strategy for competitive advantage involves introducing new products and putting new features in existing products?

The following company focused on providing a platform to companies to proper showcasing of their products.

The business environment refers to the industry that a company is in.

____________ pressures are generated by the global economy, intense competition, the changing nature of the workforce, and powerful customers.

Spending to protect against terrorism is an example of __________ pressure.

The initial goal of business process management is ____________________.

The threat of entry of new competitors is __________ when it is easy to enter a market and __________ when significant barriers to entry exist.

Build-to-stock is a strategy of producing customized products and services.

If there are _____ substitutes for an organization's products or services, then the threat of substitutes is _____.

IT will impact managers' jobs in all of the following ways except:

New technologies can produce new products very _____, which _____ the threat from substitute products.

The One Laptop per Child project aims to use technology to revolutionize how the world can educate its children.

For most companies, the Web _____ the threat that new competitors will enter the market by _____ traditional barriers to entry.