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Chapter 01 Management Information Systems: Business Driven MIS

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Question;102. Updating business strategies is a continuous;undertaking as internal and external environments ________.;A. Become less competitive.;B. Remain stagnant.;C. Rapidly change.;D. Become more consistent.;103. Which of the following represents a reason that;competitive advantages are typically temporary?;A. The competitor will hire away your key employees.;B. The competitor quickly seeks ways to duplicate your business;operations.;C. The competitor will purchase new technology.;D. All of these.;104. What is a competitive advantage?;A. A product that an organization's customers place a lesser value on than;similar offerings from a competitor.;B. A feature of a product or service on which customers place a lesser;value than they do on similar offerings from a supplier.;C. A service that an organization's customers place a lesser value on than;similar offerings from a supplier.;D. A feature of a product or service on which customers place a greater;value than they do on similar offerings from competitors.;105. All of the following are common tools used in;industry to analyze and develop competitive advantages, except;A. Five Forces model;B. Three generic strategies;C. Competitive analysis model;D. Value chain analysis;106. Greg Provenzo owns and runs a Blockbuster video;store. Greg is implementing a drive-thru rental process that is the same as you;would find at a fast-food restaurant. Customers can pick-up and drop-off their;videos without leaving their cars. Greg's new system has become so popular that;Videos Plus, a competitor down the street, is attempting to recreate Greg's;video drive-thru rental process. Greg's system is an example of a;A. Supply chain power.;B. First-mover advantage.;C. Business processing strategy.;D. Business intelligence.;107. The process of gathering information about the competitive;environment, including competitors' plans, activities, and products, to improve;a company's ability to succeed is the definition of ___________.;A. Feedback.;B. Information.;C. Competitive intelligence.;D. Data.;108. Steve Jobs and Apple created a big advantage in;the technology industry with the introduction of the iPod, iPhone, and iPad.;What are these all examples of?;A. Competitive advantage;B. Competitive intelligence;C. First-mover advantage;D. All of these

 

Paper#55239 | Written in 18-Jul-2015

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