Exam 3: Strategy and Information Systems

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Describe the process by which organizations develop their information systems.

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Inbound logistics is a supporting activity in the value chain of a manufacturing firm.

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A business with a differentiation strategy will add cost to an activity only as long as the activity has a positive margin.

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An organization minimizes the costs associated with the delivery of its products to obtain a competitive advantage.Here, the organization is using a product implementation tactic to obtain competitive advantage.

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What are support activities in a value chain?

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Which of the following is a primary activity in the value chain?

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Organizational strategy begins with the formation of a value chain.

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A major drawback associated with Porter's five forces model is that it ignores the rivalry among firms in the industry.

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An organization responds to the structure of its industry by choosing a competitive strategy.

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The bargaining power of customers of medicinal drugs is enhanced when pharmaceutical companies patent their products.

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Each stage of the generic value chain accumulates costs and adds value to the product.The net result of this process is the total margin of the chain.

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Mae manages delivery at a custom-kitchen outlet.Working with her customer's specifications, she contacts Gem Cabinets and places an order for a full-motion wall mount.Which of the following primary activities is Mae performing here?

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Organizations cannot gain a competitive advantage by enhancing existing products or services.

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A group of grain farmers in a surplus year will have reduced ________.

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Briefly explain Porter's five forces model.

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An organization's goals and objectives are determined by its competitive strategy.

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Providing the lowest cost across an industry can be referred to as focused cost-leadership.

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Organizations can lock in suppliers by making it difficult to switch to another organization or by ________.

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Which of the following value chain activities involves transforming raw materials into a finished product or service?

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A generic value chain consists of five primary activities and four support activities.

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