Question 1

Studies show that about half of a business firm's profits can be explained by alignment of IT with business.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following industries has the lowest barrier to entry?

Accepted Answer

A)  Automotive
B)  Computer-chip
C)  Restaurant
D)  AirlineE) All of the above
F) None of the above

Question 3

In the age of the Internet, Porter's traditional competitive forces model is still at work, but competitive rivalry has become much more intense.

Accepted Answer

A) True 
 B)False

Question 4

To what competitive force did the printed encyclopedia industry succumb?

Accepted Answer

A)  Positioning and rivalry among competitors
B)  Low cost of entry
C)  Substitute products or services
D)  Customer's bargaining powerE) None of the above
F) B) and C)

Question 5

All of the following are considered primary activities of a firm except:

Accepted Answer

A)  inbound logistics.
B)  sales and marketing.
C)  procurement.
D)  service.E) A) and B)
F) A) and C)

Question 6

Network economics:

Accepted Answer

A)  applies the law of diminishing returns to communities of users.
B)  applies traditional economics to networked users.
C)  sees the cost of adding new members as inconsequential.
D)  balances the high cost of adding new members to a community against the lower cost of using network infrastructure.E) All of the above
F) B) and C)

Question 7

Which of the following illustrates the use of information systems to focus on market niche?

Accepted Answer

A)  A hot tub dealer's use of information systems to determine which models and options its customers are most likely to buy
B)  A shoe manufacturer's use of information systems in selling custom, made-to-order shoes directly to customers
C)  A PC manufacturer's use of information systems to facilitate direct access from suppliers to production schedules
D)  A grocery store chain's use of information systems to produce products and services at a lower price than competitorsE) A) and B)
F) A) and C)

Question 8

When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a ________ strategy.

Accepted Answer

A)  product differentiation
B)  market niche
C)  mass customization
D)  process efficiencyE) B) and D)
F) A) and B)

Question 9

The Internet raises the bargaining power of customers by:

Accepted Answer

A)  creating new opportunities for building loyal customer bases.
B)  making more products available.
C)  making information available to everyone.
D)  lowering transaction costs.E) A) and D)
F) C) and D)

Question 10

You are advising the owner of Smalltown Computer, a new, local computer repair store that also builds custom computers to order. How is the concept of core competency relevant to this business? Define the concept and give examples.

Accepted Answer

A core competency is an activity for whi...

Exam 3: Achieving Competitive Advantage With Information Systems

Which of the following illustrates the use of information systems to focus on market niche?

Correct Answer
verified

When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a ________ strategy.

Correct Answer
verified

Studies show that about half of a business firm's profits can be explained by alignment of IT with business.

Correct Answer
verified

All of the following are considered primary activities of a firm except:

Correct Answer
verified

The Internet raises the bargaining power of customers by:

Correct Answer
verified

Network economics:

Correct Answer
verified

Which of the following industries has the lowest barrier to entry?

Correct Answer
verified

In the age of the Internet, Porter's traditional competitive forces model is still at work, but competitive rivalry has become much more intense.

Correct Answer
verified

You are advising the owner of Smalltown Computer, a new, local computer repair store that also builds custom computers to order. How is the concept of core competency relevant to this business? Define the concept and give examples.

Correct Answer
verified
A core competency is an activity for whi...
View Answer

To what competitive force did the printed encyclopedia industry succumb?

Correct Answer
verified

Exam 3: Achieving Competitive Advantage With Information Systems

Which of the following illustrates the use of information systems to focus on market niche?

Correct AnswerverifiedShow Answer

When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a ________ strategy.

Correct AnswerverifiedShow Answer

Studies show that about half of a business firm's profits can be explained by alignment of IT with business.

Correct AnswerverifiedShow Answer

All of the following are considered primary activities of a firm except:

Correct AnswerverifiedShow Answer

The Internet raises the bargaining power of customers by:

Correct AnswerverifiedShow Answer

Network economics:

Correct AnswerverifiedShow Answer

Which of the following industries has the lowest barrier to entry?

Correct AnswerverifiedShow Answer

In the age of the Internet, Porter's traditional competitive forces model is still at work, but competitive rivalry has become much more intense.

Correct AnswerverifiedShow Answer

You are advising the owner of Smalltown Computer, a new, local computer repair store that also builds custom computers to order. How is the concept of core competency relevant to this business? Define the concept and give examples.

Correct AnswerverifiedA core competency is an activity for whi...View AnswerShow Answer

To what competitive force did the printed encyclopedia industry succumb?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
A core competency is an activity for whi...
View Answer

Correct Answer
verified