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Exam 1: Management Information Systems: Business Driven MIS

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Question 61

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In the center of Porter's Five Forces model is competition.Which of the below represents the four outer boxes?

A) Buyer power,systems power,threat of false entrants,and threat of substitute products or services
B) Buyer power,systems power,threat of new entrants,and threat of substitute products or services
C) Buyer power,supplier power,threat of new entrants,and threat of substitute products or services
D) Business power,supplier power,threat of new entrants,and threat of powerful services

E) C) and D)
F) A) and B)

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Question 62

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A first-mover advantage is the process of gathering information about the competitive environment,including competitors' plans,activities,and products,to improve a company's ability to succeed.

A) True
B) False

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Question 63

Multiple Choice

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Which of the following is considered a good?

Porter's Five Forces Model outlines the process for a sales strategy.

Which of the following represents the types of data commonly found in the sales department?

Describe the information age and the differences between data,information,business intelligence,and knowledge.

If you were thinking about an oven as a system which of the following represents the input?

The Chief Information Officer is responsible for overseeing all uses of MIS and ensuring that MIS strategically aligns with _________ goals and objectives.

The __________ resources department maintains policies,plans,and procedures for a company.

Firm infrastructure and human resource management are part of the primary value activities.

MIS is a business function.Which of the following does MIS perform to help aid the company in decision making and problem solving?

Goods are material items or products that customer's will buy to satisfy a want or need.

Which of the following represents the types of data commonly found in the operations management department?

Which of the following represents a typical supply chain?

What is information?

The Victory Wireless store in Denver is currently offering a fabulous marketing strategy for potential new iPhone customers.Victory Wireless offers customers who purchase an iPhone with a 2 year subscription a free Otter phone case,car charger,ear phones,and speakers.In terms of Porter's Five Forces what is Victory Wireless attempting to achieve with this marketing strategy?

_________ are material items or products that customer's will buy to satisfy a want or need.

Your boss,Tom Repicci,has asked you to analyze the airline industry using Porter's three generic strategies.Which of the following companies are using a focused strategy?

Which of the following is not a technology company but used technology to revamp the business process of selling shoes?

Greg Provenzo owns and runs a Blockbuster video store.Greg is implementing a drive-thru rental process that is the same as you would find at a fast food restaurant.Customers can pick-up and drop-off their videos without leaving their cars.Greg's new system has become so popular that Videos Plus,a competitor down the street,is attempting to recreate Greg's video drive-thru rental process.Greg's system is an example of a ________.