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Which of the following is defined as the ability of customers to drive down the price of goods and services? A
- Which of the following is defined as the ability of customers to drive down the price of goods and services?
A. Supplier power
B. Buyer power or the bargaining power of customers
C. Rivalry among competitors
D. Threat of price reduction
- Are there any direct variables that have no effect on a business' competitive position?
A. yes
B. no
- Which of the following are components of an information system? (Select all that apply)
A. data
B. hardware
C. people
D. process
E. software
- 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?
A. threat of entry of new competitors
B. political and/or economic factors
C. bargaining power of suppliers
D. threat of substitute products/services
- T or F: Early research could not draw any connections between IT and profitability, but later research has shown that the impact can be positive.
- Web 2.0 is exemplified by which of the following? (select all that apply)
A. blogging
B. online purchasing
C. social networking
D. interactive comments
- In a business like Walmart, which of the following groups of variables has the most impact on their competitive position?
A. customers, suppliers, government regulations, location
B. suppliers, customers, location, employees
C. location, environmental concerns, suppliers, technology
D. suppliers, location, technology, competition
- Which use of the internet could have a negative impact on a company's competitive position?
A. allowing potential customers to learn about the company's products and services
B. providing an easy method to facilitate product orders to flow to the suppliers
C. allowing potential customers to find possible substitute products
D. allowing a company to monitor patent infringement by other companies
Answer: C
- Of the following, which factor is least crucial to the ability of a company to maintain its competitive position?
A. emerging new technologies that create new products or create efficiencies
B. patent infringements
C. employees' benefits
D. new international markets
- Which of the following is defined as a series of activities undertaken by the company to product a product or service?
A. business processes
B. value chain
C. strategic direction
D. competitive advantage
Expert Solution
- Which of the following is defined as the ability of customers to drive down the price of goods and services?
A. Supplier power
B. Buyer power or the bargaining power of customers
C. Rivalry among competitors
D. Threat of price reduction
Answer: B
- Are there any direct variables that have no effect on a business' competitive position?
A. yes
B. no
Answer: no
- Which of the following are components of an information system? (Select all that apply)
A. data
B. hardware
C. people
D. process
E. software
Answer: All of the above
- 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?
A. threat of entry of new competitors
B. political and/or economic factors
C. bargaining power of suppliers
D. threat of substitute products/services
Answer: B
- T or F: Early research could not draw any connections between IT and profitability, but later research has shown that the impact can be positive.
True
- Web 2.0 is exemplified by which of the following? (select all that apply)
A. blogging
B. online purchasing
C. social networking
D. interactive comments
Answer: A, C, D
- In a business like Walmart, which of the following groups of variables has the most impact on their competitive position?
A. customers, suppliers, government regulations, location
B. suppliers, customers, location, employees
C. location, environmental concerns, suppliers, technology
D. suppliers, location, technology, competition
Answer:B
- Which use of the internet could have a negative impact on a company's competitive position?
A. allowing potential customers to learn about the company's products and services
B. providing an easy method to facilitate product orders to flow to the suppliers
C. allowing potential customers to find possible substitute products
D. allowing a company to monitor patent infringement by other companies
Answer: C
- Of the following, which factor is least crucial to the ability of a company to maintain its competitive position?
A. emerging new technologies that create new products or create efficiencies
B. patent infringements
C. employees' benefits
D. new international markets
Answer: C
- Which of the following is defined as a series of activities undertaken by the company to product a product or service?
A. business processes
B. value chain
C. strategic direction
D. competitive advantage
Answer:B
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