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MIS 535 HOMEWORK WEEK 1 -7 Week-1
Question 1. Question : Which of the following choices may lead to competitive advantage (1) new products, services and business models; (2) charging less for superior products; (3) responding to customers in real time?
Student Answer: 1 only
1 and 2
2 and 3
1, 2, and 3
Instructor Explanation: p. 15
Points Received: 1 of 1
Comments:
Question 2. Question : An information system can be defined technically as a set of interrelated components that collect (or retrieve), process, store, and distribute information to support
Student Answer: decision making and control in an organization.
communications and data flow.
manager’s analysis of the organization’s raw data.
the creation of new products and services.
Instructor Explanation: p. 15
Points Received: 1 of 1
Comments:
Question 3. Question : The three activities in an information system that produce the information that organizations use to control operations are
Week 2-
Question 1. Question : The costs incurred when a firm buys on the marketplace what it cannot make itself are referred to as
Student Answer: switching costs.
transaction costs.
procurement.
agency costs.
Instructor Explanation: p. 376
Points Received: 1 of 1
Comments:
Question 2. Question : Disintermediation
Student Answer: results from the speed of the Internet.
is defined as the elimination of layers in the distribution process.
is a result of social networking.
All of the above
Instructor Explanation: p. 379
Points Received: 1 of 1
Comments:
Question 3. Question : The four major types of competitive strategy are:
Student Answer: low-cost leadership; substitute products and services; customers; and suppliers.
low-cost leadership; product differentiation; focus on market niche; and customer and supplier intimacy.
new market entrants; substitute products and...