Mis 535 Homework Week 1 -7

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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...