Intro to info tech management

Which of the following is NOT considered a core driver of the information age?

• Business intelligence

• Competitive facts

• Data

• Information

Which of the following is considered a core driver of the information age?

• Fact

• Goods

• Competitive intelligence

• Data

Why do students need to study management information systems?

• Management information systems are rarely discussed in business.

• Management information systems are everywhere in business.

• Management information systems are rarely used in organizations.

• Management information systems are found in only a few businesses.

The age we live in has infinite quantities of facts that are widely available to anyone who can use a computer. This age is called:

• The Information Age

• The Stone Age

• The Industrial Age

• The Bronze Age

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

• Dell

• Netflix

• Zappos

• Amazon

Which of the following is not a typical way that a company would duplicate a competitive advantage?

• Carrying large product inventories

• Copying the business operations

• Acquiring the new technology

• Hiring away key employees

Which of the following is a tool a manager can use to analyze competitive intelligence and identify competitive advantages?

• Supplier loyalty

• The three generic strategies

• The threat of substitute buyer power

• Differentiated costs

Updating business strategies is a continuous undertaking as internal and external environments ___________.

• Rapidly Change

• Remain Static

• Are Always Predictable

• Never Evolve

• Stay Unaffected

What is a competitive advantage?

• A service that an organization's customers place a lesser value on than similar offerings from a supplier.

• A feature of a product or service on which customers place a greater value than they do on similar offerings from competitors.

• A product that an organization's customers place a lesser value on than similar offerings from a competitor.

• A feature of a product or service on which customers place a lesser value than they do on similar offerings from a supplier.

What is the process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed?

• Information

• Data

• Feedback

• Competitive intelligence