Question

Question 1 1 / 1 point

Which of the following is defined as the ability of customers to drive down the price of goods and services?

A) supplier power

B) buyer power or the bargaining power of customers

C) rivalry among competitors

D) threat of price reduction

View Feedback

Question 2 1 / 1 point

Are there any direct variables that have no effect on a business’ competitive position?

A) yes

B) No

View Feedback

Question 3 1 / 1 point

Which of the following are components of an information system? (select all that apply)

A) data

B) hardware

C) people

D) process

E) software

View Feedback

Question 4 1 / 1 point

According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company’s standing in an industry, except for which one?

A) Threat of entry of new competitors

B) Political and/or economic factors

C) Bargaining power of suppliers

D) Threat of substitute products/services

View Feedback

Question 5 1 / 1 point

True or false: Early research could not draw

any connections between IT and profitability, but later research has shown that the impact can be positive.

True

False

View Feedback

Question 6 1 / 1 point

Web 2.0 is exemplified by which of the following? (select all that apply)

A) blogging

B) online purchasing

C) social networking

D) interactive comments

View Feedback

Question 7 1 / 1 point

In a business like Walmart, which of the following groups of variables has the most impact on their competitive position?

A) customers, suppliers, government regulations, location

B) suppliers, customers, location, employees

C) location, environmental concerns, suppliers, technology

D) suppliers, location, technology, competition

View Feedback

Question 8 1 / 1 point

Which use of the Internet could have a negative impact on a company’s competitive position?

A) allowing potential customers to learn about the company’s products and services

B) providing an easy method to facilitate product orders to flow to the suppliers

C) allowing potential customers to find possible substitute products

D) allowing a company to monitor patent infringement by other companies

View Feedback

Question 9 1 / 1 point

Of the following, which factor is least crucial to the ability of a company to maintain its competitive position?

A) emerging new technologies that create new products or create efficiencies

B) patent infringements

C) employees’ benefits

D) new international markets

View Feedback

Question 10 1 / 1 point

Which of the following is defined as a series of activities undertaken by the company to produce a product or service?

business processes

value chain

strategic direction

competitive advantage

View Feedback

Question 11 1 / 1 point

Which of the following statements are true of Decision Support Systems (DSS)? (select all that apply)

A) A decision support system (DSS) is an information system built to help an organization make a specific decision or set of decisions.

B) DSSs are used only at the executive level and are used to make all strategic decisions.

C) DSSs are designed to take inputs regarding a known (or partially-known) decision-making process and provide the information necessary to make a decision.

D) DSSs can exist at different levels of decision-making with the organization, from the CEO to the first-level managers.

View Feedback

Question 12 0 / UMUC MRKT310 Week 3 Quiz 2015 (Latest),Business & Finance,$15.00,

Get a Unique Answer HERE or Order a Similar Paper

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.