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Chapter 01 Management Information Systems: Business Driven MIS




Question;21. Supplier power is one of Porter's five forces, and;it measures the suppliers' ability to influence the prices they charge for;supplies (including materials, labor, and services).;True False;22. Polaroid had a unique competitive advantage for;many years until it forgot to observe competitive intelligence. The firm went;bankrupt when people began taking digital pictures. Polaroid provides a great;example of Porter's threat of new entrants.;True False;23. Product differentiation occurs when a company;develops unique differences in its products or services with the intent to;influence demand.;True False;24. Buyer power is the ability of buyers to affect the;price they must pay for an item.;True False;25. Tiffany & Company competes in the marketplace;by offering high-cost custom jewelry. Tiffany & Company is following a;broad market and cost leadership strategy.;True False;26. Porter has identified three generic business;strategies, including focused, broad cost leadership, and switching;strategy.;True False;27. According to Porter's three generic strategies;Walmart is following a business strategy that focuses on "broad market and;low cost.;True False;28. Value chain analysis views a firm as a series of;business processes that each adds value to the product or service.;True False;29. A standardized set of activities that accomplish a;specific task is called a supply chain component.;True False;30. The value chain will group a company's activities;into two categories: primary value activities and support value;activities.;True False


Paper#55228 | Written in 18-Jul-2015

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