Which of the following are the two primary methods for obtaining competitive advantage described by Michael Porter?
Question 1 Which of the following are the two primary methods for obtaining competitive advantage described by Michael Porter? (select the two that apply)
A) value chain creation
B) differentiation advantage
C) advantage of bringing new products to market
D) cost advantage
Question 2 Which of the following are critical in today’s business world? (select all that apply)
Identifying how an information system can provide competitive advantage
Understanding how organizations translate their high-level mission into specific objectives and align with technology solutions
Understanding how businesses use technology for strategic advantage
Ability to identify business opportunities that can be supported by information technology.
Question 3A strategic information system is one that attempts to do one or more of the following: (select all that apply)
deliver a product or a service at a lower cost
help an organization focus on a specific market segment
deliver a product or service that is differentiated
enable innovation
Question 4Which of the following are advantages of globalization? (select all that apply)
Ability to draw from an international labor pool
Seamless ability to ship world-wide
Expanded market for an organization’s products and services.
Compatible world-wide infrastructure
Question 5Which of the following statements are true of Decision Support Systems (DSS)? (select all that apply)
DSSs are designed to take inputs regarding a known (or partially-known) decision-making process and provide the information necessary to make a decision.
DSSs can exist at different levels of decision-making with the organization, from the CEO to the first-level managers.
A decision support system (DSS) is an information system built to help an organization make a specific decision or set of decisions.
DSSs are used only at the executive level and are used to make all strategic decisions.
Question 6 True or false: Highly qualified vendors, consultants, and IT departments are the most important elements for the successful implementation of enterprise technologies.
True
False
Question 7 Which of the following is exemplified by customers finding a different way to get the product or service?
rivalry among competitors
customer disloyalty
threat of substitute product or services
barriers to entry
Question 8 According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company’s standing in an industry, except for which one?
Bargaining power of suppliers
Political and/or economic factors
Threat of entry of new competitors
Threat of substitute products/services
Question 9 What business approach has enabled Walmart to drive prices down and react to market conditions more quickly?
Employee benefit packages
Supply chain management system
Increased direct marketing
Store location
Question 10 The term “digital divide” refers to:
Equal access to technology solutions
City-wide Internet access
The separation of those who have access to the global network and those who do not
Global access to the Internet
Question 11Which use of the Internet could have a negative impact on a company’s competitive position?
allowing a company to monitor patent infringement by other companies
providing an easy method to facilitate product orders to flow to the suppliers
allowing potential customers to find possible substitute products
allowing potential customers to learn about the company’s products and services
Question 12 Which of the following is defined as the ability of customers to drive down the price of goods and services?
supplier power
rivalry among competitors
threat of price reduction
buyer power or the bargaining power of customers
Question 13 Which of the following are components of an information system? (select all that apply)
hardware
people
process
software
data
Question 14 Which of the following is defined as a series of activities undertaken by the company to add worth or importance to a product or service?
strategic direction
competitive advantage
value chain
business processes
Question 15 Identify the correct sequence of events in organizational strategic planning.
Mission, Available Technology, Objectives, Environmental Analysis
Mission, Environmental Analysis, Goals, Objectives
Goals, Processes, Technology, Profits
Available Technology, Goals, Mission, Objectives
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