5 Written Questions
5 Matching Questions
- Semistructured decisons
- Product differentiation strategy
- Essential information
- Variety-based strategic position
- Strategic planning
- a entails adding features or services not provided by competitors to a product so you can charge customers a premium price.
- b are characterized by incomplete decision making rules and the need for subjective assessments and judgments to supplement formal data analysis
- c required to conduct business with external parties such as purchase orders and customer billings
- d The process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals.
- e involves producing or providing a subset of the industry's products or services.
5 Multiple Choice Questions
- repetitive, routine, and understood well enough that they can be delegated to lower level employees in the organization
- involves trying to serve most of all of the needs of a particular group of customers in a target market.
- the condition that exists when the organization's parts interact to produce a joint effect that is greater than the sum of the parts acting alone
- occurs when a decision or action of a subsystem is inconsistent with the goals of another subsystem or the system as a whole.
- A set of 2 or more interrelated components that interact to achieve a goal. They are almost always composed of smaller subsystems, each performing a specific function important to and supportive of the larger system of which it is a part.
5 True/False Questions
Low-cost strategy → the condition that exists when the organization's parts interact to produce a joint effect that is greater than the sum of the parts acting alone
Integration → eliminates duplicate recording, storage, reporting, and other processing activities in an organization
Systems Concept → a systems analysis principle that sates that changes in subsystems cannot be made without considering the effect on other subsystems and the system as a whole
Information → eliminates duplicate recording, storage, reporting, and other processing activities in an organization
Access-based strategic position → involves serving a subset of customers who differ from other other customers in terms of factors such as geographic location or size, which creates different requirements for serving those customers.