Week 3 - Review Questions
Week 3 - Review Questions
Class:
1) From the point of view of economics, information systems technology can be viewed as a
factor of production that can be substituted for traditional capital and labor.
2) Customers are one of the competitive forces that affect an organization's ability to
compete.
4) In the strategy of product differentiation, information systems are used to enable new
products and services.
7) All of the following are major features of organizations that impact the use of information
systems EXCEPT for
A) business processes.
B) environments.
C) goals.
D) agency costs.
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9) Which of the following is NOT one of the competitive forces?
A) suppliers
B) other competitors
C) external environment
D) customers
10) To what competitive force did the printed newspaper industry succumb?
A) positioning and rivalry among competitors
B) low cost of entry
C) substitute products or services
D) customer's bargaining power
11) Which of the following can force a business and its competitors to compete on price
alone?
A) transparent marketplace
B) high product differentiation
C) poor process efficiency
D) demand control
12) A firm can exercise greater control over its suppliers by having
A) more suppliers.
B) fewer suppliers.
C) global suppliers.
D) local suppliers.
14) When a firm provides a specialized product or service for a narrow target market better
than competitors, they are using a ________ strategy.
A) product differentiation
B) market niche
C) mass customization
D) process efficiency
15) An information system can enable a company to focus on a market niche through
A) complex trend forecasting.
B) tailoring products to the client.
C) intensive product trend analysis.
D) intensive customer data analysis.
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16) The primary activities of a firm include
A) inbound logistics, operations, outbound logistics, sales and marketing, and service.
B) inbound logistics, operations, outbound logistics, technology, and service.
C) procurement, inbound logistics, operations, technology, and outbound logistics.
D) procurement, operations, technology, sales and marketing, and services.
17) Which of the following is one of the support activities in a firm's value chain?
A) inbound logistics
B) operations
C) sales and marketing
D) technology
19) Which of the following activities would you perform to measure and compare your
business processes to similar processes of other companies within your industry?
A) benchmarking
B) best practices
C) value chain analysis
D) strategic systems analysis
20) A collection of independent firms that use information technology to coordinate their
value chains to produce a product or service for a market collectively is called a(n)
A) industry value chain.
B) business ecosystem.
C) value web.
D) consortia.