MIS quiz #1

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variable
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a data characteristic that stands for a value that changes or varies over time
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target high value-adding activities to further enhance their value target low value-adding activities to increase their value perform some combination of the two
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which of the following decisions does a firm need to make as soon as it has identified the activities from the value chain that are bringing the highest added value to their customers?
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cost advantage; product differentiation
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the goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself, with a ________ or ________________.
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who is customer number 12345xx?
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example of data
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high
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when buyer power is low, supplier power is typically ________
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who are my best customers? what is my best-selling product? what is my worst-selling product?
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data is useful for understanding individual sales, but to gain deeper insight into a business, data needs to be turned into information. Examples of turning data into information:
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pepsi requires stores that carry Pepsi products to commit to minimum orders of 1000 cases
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your boss, kerry miller, has asked you analyze the soft-drink industry using Porter’s Five Forces Model. Which of the following represents supplier power in the soft-drink industry?
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college statistics for data
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not a topic associated with the information age:
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the threat of new entrants force is low in the up and coming market
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imagine you are creating a new product to sell in an up and coming market. what statement indicates that it would be difficult for you to enter this new market?
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operations manager
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Greg works for Geneva Steel Corporation. Greg’s duties include managing the overall processes for the company and transforming the steel resources into goods. Which department would Greg most likely work in?
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sky taxi – a rent by the hour personal plane service
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your boss, tom repicci, has asked you to analyze the airline industry using Porter’s three generic strategies. Company using a focused strategy:
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chief privacy officer (CPO)
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Trina Hauger works for Johnson Electric as a corporate lawyer, and part of her duties are to ensure the ethical and legal use of information within the company. Which of the following represents Trina’s role at Johnson Electric?
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charge higher prices shift costs to industry participants limit quality or services
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if a supplier has high power, what can it do to influence its industry?
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carrying large product inventories
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not a typical way that a company would duplicate a competitive advantage:
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input, transform, output
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feedback is information that returns to its original transmitter and modifies the transmitter’s actions. what would the original transmitter include?
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use MIS to find and create alternative products
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what is one of the most common ways a company can decrease supplier power?
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walmart negotiates a lower cost per bottle from Coke in exchange for premium shelf space in every walmart store
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Your boss, Kerry Miller, has asked you to analyze the soft drink industry using Porter’s Five Forces Model. Which of the following represents buyer power in the soft-drink industry?
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southwest, horizon, frontier, jetblue
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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 cost leadership strategy?

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