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5 Written questions

5 Matching questions

  1. Needs-based strategic position
  2. Low-cost strategy
  3. Supply chain
  4. Access-based strategic position
  5. Goal conflict
  1. a occurs when a decision or action of a subsystem is inconsistent with the goals of another subsystem or the system as a whole.
  2. b All the stages in the production process from obtaining raw materials to selling to the consumer - from point of origin to point of consumption
  3. c involves trying to serve most of all of the needs of a particular group of customers in a target market.
  4. d striving to be the most efficient producer of a product or service
  5. e 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.

5 Multiple choice questions

  1. a system that collects, records, stores, and processes data to produce information for decision makers.
  2. are facts that are collected, recorded, stored, and processed by an information system
  3. required to conduct business with external parties such as purchase orders and customer billings
  4. 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
  5. uses data warehouses and complex algorithms to forecast future events, based on historical trends and calculated probabilities.

5 True/False questions

  1. Support activitiesSupports primary activities

          

  2. Value chainThe series of departments that carry out value-creating activities to design, produce, market, deliver, and support a firm's products.

          

  3. Integrationdata converted into a meaningful and useful context

          

  4. Operational controlrelated to the effective and efficient performance of specific tasks

          

  5. Variety-based strategic positioninvolves 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.