5 Written questions
4 Matching questions
- A(n) ________ company uses networks to link people, assets, and ideas, enabling it to work with other companies to create products and services without being limited by traditional organizational boundaries or physical locations.
- The ________ model is used to describe the interaction of external forces that affect an organization's strategy and ability to compete.
A) network economics
B) competitive forces
C) competitive advantage
D) demand control
- The competitive forces model was created for today's digital firm.
- How does the technical view of organizations fall short of understanding the full impacts of information systems in a firm?
A) It sees information systems as a way to rearrange the inputs and outputs of the organization.
B) It sees capital and labor as primary production factors.
C) It sees the inputs and outputs, labor and capital, as being infinitely malleable.
D) It sees the organization as a social structure similar to a machine.
- a B
- b FALSE
- c virtual
- d C
5 Multiple choice questions
5 True/False questions
If two organizations pool markets and expertise that result in lower costs and generate profits it is often referred to as creating
A) a value web.
B) a value chain.
D) core competencies.
Answer → E
An information system can enable a company to focus on a market niche through
A) complex trend forecasting.
B) tailoring products to the client.
C) intensive product trend analysis.
D) intensive customer data analysis.
Answer → D
When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a ________ strategy.
A) product differentiation
B) market niche
C) mass customization
D) process efficiency
Answer → B
A collection of independent firms that use information technology to coordinate their value chains to produce a product or service for a market collectively is called a(n)
A) industry value chain.
B) business ecosystem.
C) value web.
Answer → C
A transparent marketplace means that there is high product differentiation.
Answer → FALSE