Exam 3: Organizational Strategy, information Systems, and Competitive Advantage

Porter identified the bargaining power of competitors as one of the competitive forces.

Porter's definition of technology is narrow because it includes only research and development.

Describe the support activities in a value chain.

________ includes general management,finance,accounting,legal,and government affairs.

What is a value chain? List the primary activities in a value chain.

The competitive strategy of an organization determines its ________.

Each value chain is supported by one or more business processes.

Value chain activities are not dependent on the competitive strategies used by organizations.

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

Availability of substitutes plays a role in determining the bargaining power of suppliers.

What is the criterion on which business processes should run?

Which of the following strategies is also called establishing high switching costs?

Each stage of the value chain not only adds value to the product but also ________.

Vendor knowledge and vendor relationships serve as a barrier to entry for new competitors.

Which of the following primary activities describes collecting,storing,and physically distributing products to buyers?

Which of the following is a process implementation principle of competitive advantage?