Exam 3: Strategy and Information Systems

A new drug that has shown promise in curing lung cancer has been discovered by a famous chemical laboratory.This is the only drug effective for treatment of this disease.The laboratory obtains a patent for the product and decides to sell it.This situation is characterized by ________.

A telecom service provider focusing on high-end users is following an industry-wide differentiation strategy.

Summarize how organizations determine the scope and requirements of their information systems.

A database is an example of a(n)________.

The difference between the value that an activity generates and the cost of the activity is called revenue.

PowerCruise, a holiday cruise firm, recently offered its existing customers an extension of six months to their membership without any additional charges.By doing this, which competitive strategy did PowerCruise implement?

________ argues that firms should create new, more efficient business processes that integrate the activities of all departments involved in a value chain.

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

Each activity in a business process is a business function that receives inputs and produces outputs.

Briefly explain the process-oriented competitive strategies.

Focused differentiation occurs when ________.

RedDart is a premium freight provider in the United States.The company offers premium shipment services to its customers.The company ships faster than its competitors and uses tamperproof containers to ship its products.RedDart company distinguishes itself from competitors by ________.

Focused differentiation refers to providing a better product or service within an industry segment.

Establishing alliances with other organizations increases the cost of operations, though they do provide competitive advantages.

In the inbound logistics activity of a value chain, the manufacturer receives, stores, and disseminates inputs to the product.

Explain linkages with an example.

Lynn, the manager of a transportation company, is going through this week's delivery schedule.She calls her team and assigns territories for each executive.She contacts the fleet supervisor to arrange trucks for transportation.Which activity of the value chain is Lynn executing?

Activities such as collecting, storing, and physically distributing the product to buyers are considered as primary activities in a value chain.

A(n)________ is a network of activities that generate value by transforming inputs into outputs.