Exam 3: Achieving Competitive Advantage With Information Systems

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In the strategy of product differentiation, information systems are used to enable new products and services.

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A firm that locates all systems development and operations at its headquarters is using a ________ system configuration.

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Why should a company engage in business process reengineering? How would a company know if it needed or would gain from BPR?

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Which of the following illustrates the use of information systems to strengthen customer and supplier intimacy?

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An information system can enable a company to focus on a market niche through:

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A value web is a collection of independent firms that use information technology to coordinate their value chains to collectively produce a product or service for a market.

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________ typically develop a single information system, usually at the home base, and then replicate it around the world.

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Strong linkages to customers and suppliers increase switching costs.

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The law of diminishing returns always applies to digital, as well as traditional products.

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The first movers of a disruptive technology typically benefit the most from the technology; and it is rare that fast followers catch up quickly.

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You are consulting with the owner of Better Bodies, a national chain of gyms. How could the use of information systems help them exert each of the four generic strategies in achieving competitive advantage?

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Which of the following is not one of the four basic strategies a company can employ to deal with competitive forces?

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A ________ is an activity at which a firm excels as a world-class leader.

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Benchmarking:

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The activities that measure the performance of your business processes against strict standards are called best practices.

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Customers are one of the competitive forces that affect an organization's ability to compete.

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Which of the following is not an advantage for new companies entering the marketplace?

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All of the following have been disruptive technologies except:

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The idea driving synergies is that when the output of some units can be used as inputs to other units, the relationship can lower cost and generate profits.

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The reduction of errors to 3.4 defects per million opportunities is central to the concept of:

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