CIS 310 Final Exam | Verified with 100% Correct Answers
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Course
CIS 310
Institution
CIS 310
CIS 310 Final Exam | Verified with 100% Correct Answers Which of the below is not one of Porter's Five Forces? Manager power Supplier power Threat of substitute products or services Threat of new entrants Why do students need to study information technology? Information technology is everywhere i...
Which of the below is not one of Porter's Five Forces?
Manager power
Supplier power
Threat of substitute products or services
Threat of new entrants
Why do students need to study information technology?
Information technology is everywhere in business
Information technology is frequently discussed in business
Information technology is frequently used in organizations
All of the above.
A business strategy achieves a specific set of goals which include __________.
Developing new products or services, attracting new competition.
Increasing costs, attracting new competition.
Attracting new customers, developing new products or services.
All of the above.
Which of the below represents knowledge?
Data converted into a meaningful and useful context
Data characteristic that stands for a value that changes or varies over time
Information collected from multiple sources that analyzes patterns, trends, and
relationships for strategic decision making
Skills, experience, and expertise, coupled with information and intelligence that creates
a person's intellectual resources
Which of the following represents a reason why competitive advantages are typically
temporary?
The competitor will hire away your key employees.
The competitor quickly seeks ways to duplicate your business operations.
The competitor will purchase new technology.
All of the above.
Which of the below represents business intelligence?
Data converted into a meaningful and useful context
Data characteristic that stands for a value that changes or varies over time
, Information collected from multiple sources that analyzes patterns, trends, and
relationships for strategic decision making
Skills, experience, and expertise, coupled with information and intelligence that creates
a person's intellectual resources
What is a competitive advantage?
A product that an organization's customers place a lesser value on than similar offerings
from a competitor.
A feature of a product or service on which customers place a lesser value than they do
on similar offerings from a supplier.
A service that an organization's customers place a lesser value on than similar offerings
from a supplier.
A feature of a product or service on which customers place a greater value than they do
on similar offerings from competitors.
All of the following are common tools used in industry to analyze and develop
competitive advantages, except:
Five Forces Model
Three Generic Strategies
Competitive analysis model
Value chain analysis
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?
Competitive advantage
Competitive intelligence
First-mover advantage
All of the above
Which of the following is included in Porter's Five Forces Model?
Loyalty expenses.
Supply chain management.
The power of competitors.
Systems thinking.
Kevin Campbell is an incoming freshman at your college. Kevin is frustrated by the cost
of books, tuition, and expenses and he also needs to purchase a rather expensive
laptop. In an effort to save money, Kevin beings a Facebook group finding other college
students who need to purchase laptops. Soon, Kevin's Facebook group has close to
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