Question 1

Porter's model of the value chain and its linkages started a movement to create ____________, cross- departmental business systems.

Accepted Answer

Porter's value chain model emphasizes the integration of various business functions to create a seamless and efficient system, hence the term "integrated" is most appropriate.

Question 2

Business____________ is centered on the idea that businesses should not automate existing systems, but should create new ones instead.

Accepted Answer

A

Question 3

The ____________of a process is the expense of inputs plus activities.

Accepted Answer

The cost of a process is the expense of inputs plus activities.

Question 4

A manufacturing system will use____________ to extrapolate sales forecasts to plan production.

Accepted Answer

The answer of A manufacturing system will use____________ to extrapolate...

Question 5

____________may store physical items like inventory, or hold data.

Accepted Answer

Facilities can store physical items like inventory or hold data.

Question 6

When a stock trading firm opens a new site for online stock transactions they might gain competitive advantage by:

Accepted Answer

The answer of When a stock trading firm opens a...

Question 7

The ____________consists of both primary and support activities.

Accepted Answer

The answer of The ____________consists of both primary and support...

Question 8

Which of the following activities is not considered part of the primary activities in the value chain?

Accepted Answer

The answer of Which of the following activities is not...

Question 9

The basic idea of the digital divide is that:

Accepted Answer

The answer of The basic idea of the digital divide...

Question 10

If you stay in touch with fellow students after you graduate, which principle of competitive advantage are you mainly demonstrating?

Accepted Answer

Establishing alliances involves forming relationships that can provide mutual benefits, such as networking with fellow students for future opportunities.

Question 11

An iPod would be an example of how Apple gained competitive advantage by:

Accepted Answer

Apple gained competitive advantage by creating new products or services, such as the iPod.

Question 12

Businesses seek to use IT in order to gain ____________over other businesses seeking the same customers.

Accepted Answer

Businesses use IT to gain a competitive advantage, which allows them to perform better than their competitors in attracting and retaining customers.

Question 13

When a company in the auto industry uses robots to work on the assembly lines they are trying to gain competitive advantage by:

Accepted Answer

Using robots on assembly lines typically reduces labor costs and increases efficiency, thus lowering overall production costs and providing a competitive advantage.

Question 14

Which of the following is not an example of a strong password?

Accepted Answer

Explanation: "Blow123." lacks special characters and uses a common word, making it less secure compared to the others.

Question 15

Streamlining business processes will:

Accepted Answer

The answer of Streamlining business processes will:
...

Question 16

In comparing Wal- mart to Macy's, Wal- mart has chosen which competitive strategy?

Accepted Answer

Wal-mart has chosen a low-cost competitive strategy, focusing on offering products at lower prices than competitors to attract a broad customer base.

Question 17

Streamlining business process is a key to:

Accepted Answer

Streamlining business processes can lead to increased efficiency and effectiveness, which can provide a competitive advantage by improving productivity and reducing costs.

Question 18

Cell phone providers charge large fees if you cancel or transfer your service during the first two years, thus _____________ customers.

Accepted Answer

Cell phone providers charge fees to discourage customers from leaving, effectively "locking in" customers to their service for the duration of the contract.

Question 19

Which of the following is not included in support activities for a value chain?

Accepted Answer

Service is considered a primary activity, not a support activity, in a value chain.

Question 20

One of the most effective ways of finding a job is by forming an alliance with others, called____________ .

Accepted Answer

Networking involves forming connections with others to exchange information and support, which can be beneficial for finding a job.

Quiz 3: Is for Competitive Advantage