63. In the context of Porter’s Five Forces Model, an organization limits buyers’ choices by:
a.
encouraging the use of the Internet to gather information about products.
b.
launching duplicate products or services in the marketplace.
c.
offering services that make it difficult for customers to switch.
d.
charging market competitive rates for its products or services.
ANSWER:
c
RATIONALE:
Correct. Typically, organizations try to limit buyers’ choices by offering services that make it difficult for customers to switch, which is essentially using a differentiation strategy. See 1-6: Using Information Systems and Information Technologies
POINTS:
1
DIFFICULTY:
Moderate
REFERENCES:
Explain the Five Forces Model and strategies for gaining a competitive advantage.
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
MIS9.BIDG.19.01.09
TOPICS:
Five Forces Model
KEYWORDS:
Understand
DATE CREATED:
6/6/2018 3:56 PM
DATE MODIFIED:
7/23/2018 12:24 PM
64. In the context of Porter’s Five Forces Model, which is a difference between buyer power and supplier power?
a.
Buyer power is low when customers have many choices, whereas supplier power is low when customers have fewer options.
b.
Buyer power is high when customers have few choices, whereas supplier power is high when customers have more options.
c.
Buyer power is low when customers have many options, whereas supplier power is low when customers have more choices.
d.
Buyer power is high when customers have many choices, whereas supplier power is high when customers have fewer options.
ANSWER:
d
RATIONALE:
Correct. Buyer power is high when customers have many choices and low when they have few choices. Supplier power is high when customers have fewer options and low when customers have more options. See 1-6: Using Information Systems and Information Technologies
POINTS:
1
DIFFICULTY:
Challenging
REFERENCES:
Explain the Five Forces Model and strategies for gaining a competitive advantage.
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
MIS9.BIDG.19.01.09
TOPICS:
Five Forces Model
KEYWORDS:
Analyze
DATE CREATED:
6/6/2018 3:56 PM
DATE MODIFIED:
7/23/2018 12:24 PM
65. In the context of IT jobs, a _____ must have knowledge and understanding of data warehouse and data-mining tools.
a.
systems mining analyst
b.
data design officer
c.
web strategist
d.
database administrator
ANSWER:
d
RATIONALE:
Correct. A database administrator (DBA) is responsible for database design and implementation. Additionally, a DBA should have knowledge and understanding of data warehouses and data-mining tools. See 1-7: The IT Job Market
POINTS:
1
DIFFICULTY:
Easy
REFERENCES:
Review the IT job market.
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
LEARNING OBJECTIVES:
MIS9.BIDG.19.01.10
TOPICS:
Information technology careers
KEYWORDS:
Remember
DATE CREATED:
6/6/2018 3:56 PM
DATE MODIFIED:
7/23/2018 12:24 PM
66. _____ refers to computing devices everywhere with different sizes and power and accessed through multiple formats such as voice, touch, and gesture.
a.
Ubiquitous computing
b.
Cloud computing
c.
Context aware computing
d.
Pervasive computing
ANSWER: