Question 1

Describe some competitive advantage strategies that are based on business processes.

Accepted Answer

Some of the competitive strategies that

Question 2

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

Accepted Answer

A) equity 
B) liability 
C) overhead 
D) margin 
A) equity 
B) liability 
C) overhead 
D) margin

Question 3

Distinguish between a primary and a support activity in the value chain.

Accepted Answer

Primary activities are business function

Question 4

Two companies with the same value chain activities will have the same business processes.

Accepted Answer

A) True 
 B)False

Question 5

Competitive strategy determines an organization's value chain.

Accepted Answer

A) True 
 B)False

Question 6

In which of the following situations is the strength of competitive forces low?

Accepted Answer

A) when switching costs are high 
B) when the prices of rival products are relatively high 
C) when customers are not loyal to the existing company or brand 
D) when finding rival products is difficult 
A) when switching costs are high 
B) when the prices of rival products are relatively high 
C) when customers are not loyal to the existing company or brand 
D) when finding rival products is difficult

Question 7

Organizations analyze the structure of their industry and use that analysis to formulate a competitive strategy.

Accepted Answer

A) True 
 B)False

Question 8

Surplus of a product serves as an example of weak force for the bargaining power of suppliers.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is true of supporting activities?

Accepted Answer

A) Their contribution toward a product's value is negligible. 
B) Their contributions to margin can be calculated easily. 
C) Customer service is considered as a supporting activity. 
D) Negotiation of prices is considered as a supporting activity. 
A) Their contribution toward a product's value is negligible. 
B) Their contributions to margin can be calculated easily. 
C) Customer service is considered as a supporting activity. 
D) Negotiation of prices is considered as a supporting activity.

Question 10

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

Accepted Answer

A) raise barriers to market entry 
B) enhance existing products or services 
C) establish alliances with other organizations 
D) lock in customers and buyers 
A) raise barriers to market entry 
B) enhance existing products or services 
C) establish alliances with other organizations 
D) lock in customers and buyers

Question 11

Porter's five competitive forces can be grouped into forces related to competition and forces related to supply chain ________ power.

Accepted Answer

A) rivalry 
B) labor 
C) bargaining 
D) consumers 
A) rivalry 
B) labor 
C) bargaining 
D) consumers

Question 12

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

Accepted Answer

A value chain is a network of value-crea

Question 13

A business that selects a differentiation strategy will always structure itself around least-cost activities.

Accepted Answer

A) True 
 B)False

Question 14

Value chains exist in service-oriented companies.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) increasing production 
B) locking in suppliers 
C) reducing output 
D) locking in customers 
A) increasing production 
B) locking in suppliers 
C) reducing output 
D) locking in customers

Question 16

The threat of substitution in Porter's model concerns the danger of customers taking their business elsewhere.

Accepted Answer

A) True 
 B)False

Exam 3: Organizational Strategy, Information Systems

Describe some competitive advantage strategies that are based on business processes.

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

Distinguish between a primary and a support activity in the value chain.

Two companies with the same value chain activities will have the same business processes.

Competitive strategy determines an organization's value chain.

In which of the following situations is the strength of competitive forces low?

Organizations analyze the structure of their industry and use that analysis to formulate a competitive strategy.

Surplus of a product serves as an example of weak force for the bargaining power of suppliers.

Which of the following is true of supporting activities?

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

Porter's five competitive forces can be grouped into forces related to competition and forces related to supply chain ________ power.

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

A business that selects a differentiation strategy will always structure itself around least-cost activities.

Value chains exist in service-oriented companies.

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

The threat of substitution in Porter's model concerns the danger of customers taking their business elsewhere.

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Introduction to Microsoft Excel 2013

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Using Microsoft Access 2013

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