Price of goods and services

Assignment Help Business Management
Reference no: EM13920314

Question 1: 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

Question 2: Are there any direct variables that have no effect on a business' competitive position?

A) yes
B) No

Question 3: Which of the following are components of an information system? (select all that apply)

A) data
B) hardware
C) people
D) process
E) software

Question 4: 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

Question 5: 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

Question 6: 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

Question 7: 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

Question 8: 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

Question 9: 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

Question 10: Which of the following is defined as a series of activities undertaken by the company to produce a product or service?

A) business processes
B) value chain
C) strategic direction
D) competitive advantage

Question 11: 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.

Question 12: Which of the following groups of variables are all direct variables?

A) customers, suppliers, government regulations, technology
B) suppliers, time, politics, owners.
C) supplier, customers, employees, location
D) employees, location, technology, organizational components

Question 13: Strategic issues related to business processes and the value chain are addressed at which organizational level?

  • corporate level
  • business unit level
  • functional level
  • strategic level

Question 14: Which of the following are the two primary methods for obtaining competitive advantage described by Michael Porter? (select the two that apply)

A) advantage of bringing new products to market
B) cost advantage
C) differentiation advantage
D) value chain creation

Question 15: Highly qualified vendors, consultants, and IT departments are the most important elements for the successful implementation of enterprise technologies.

True
False

Question 16: Which of the following are Porter's three generic strategies? (select all that apply)

A) cost leadership
B) differentiation
C) focus
D) competitive advantage

Question 17: Which of the following is exemplified by customers finding a different way to get the product or service?

A) customer disloyalty
B) threat of substitute product or services
C) rivalry among competitors
D) barriers to entry

Question 18: True or False: According to Michael Porter, the Internet has the effect of lowering overall profitability.

True
False

Question 19: A strategic information system is one that attempts to do one or more of the following: (select all that apply)

A) help an organization focus on a specific market segment
B) deliver a product or a service at a lower cost
C) enable innovation
D) deliver a product or service that is differentiated

Question 20: True or False: The data show that IT has reduced the differences among companies.

True False

Reference no: EM13920314

Questions Cloud

Different communication methods : First, choose five (5) different communication methods and identify an advantage and a disadvantage for each one.
Health care has changed a lot in the past ten years : Health care has changed a lot in the past 10 years. For instance, people are living a lot longer on average 10-15 years or more.
Calculate the materials usage mix and yield variances : A company manufactures a chemical, Dynamite, using two compounds Flash and Bang. The standard materials usage and cost of one unit of Dynamite are as follows. Calculate the materials usage, mix and yield variances.
Develop a high-level estimate by guesstimate : Was there life-cycle costing a factor on this project? Kim Cashman kept his cash flow chart a secret. Why did he do so, and what would you have done?
Price of goods and services : Question 1: Which of the following is defined as the ability of customers to drive down the price of goods and services?
Causes of action that rob may against the church : What are the causes of action that Rob Jr. may have against the church? What are the causes of action that Rob's parents may have against the church on their behalf?
Innovative internet-based company with gross revenues : This assignment consists of two (2) sections: a project introduction and a project plan. You must submit both sections as separate files for the completion of this assignment. Label each file name according to the section of the assignment it is w..
Describe what happens to the cash account : Describe what happens to the cash account of each entity that you identified in Requirement a.
International versus u.s. standards : Under U.S. GAAP, property, plant, and equipment are reported at historical cost net of accumulated depreciation. These assets are written down to fair value when it is determined that they have been impaired.

Reviews

Write a Review

 

Business Management Questions & Answers

  Additionally there are numerous sources of law including

Additionally there are numerous sources of law including common law and the Uniform Commercial code, as you have deliberated in this unit.

  Examine the corporations trade philosophy-values

Assess the alignment of Costco's mission and strategy. Estimate whether or not the strategy supports the mission. Examine the corporation's trade philosophy, values and code of ethics. Explain how these might give Costco a competitive advantage.

  Show biases and judgement in decision making

List the strengths and the weaknesses of each model and what are some of the risks associated with each approach?

  What benefits of conducting performance discussions

What benefits will he or the organization realize from him investing his time to improve his skill at conducting performance discussions

  How did you overcome the anxiety normally

What made you effective in the workplace - how did you overcome the anxiety normally associated with business presentations?

  Personality at work and personal life

What's the benefit to having this information about your personality- both in relating to work and in relating to your personal life

  Explain how would you specifically address this challenge

Your corporation has just introduced a new product with a new consumer. The VP of Material says "If you run out of material you lose your job". Was this good management and explain how would you specifically address this challenge?

  Discusses explain how an emphasis on social networking

Discusses explain how an emphasis on social networking puts younger people at a face-to-face disadvantage. Is Generation Y well equipped to negotiate cross-culturally also interpret the "silent languages".

  Managing a multiparty negotiation

Outline the actions that the manager should take to manage the negotiations and reach a final strategy of resourcing and completing the project.

  Determine the point price elasticity of demand

Currently, Roma's Imperial Ministry of Trade and Tourism is selling this book at a value of $68.60 each copy. Determine the point price elasticity of demand.

  Discuss the importance of workplace communication

Discuss the importance of workplace communication.

  Budget of parks and recreation department- what would you do

The budget of the Parks and Recreation Department that you head is stretched to the limit. The city council seems unwilling to add any resources to support new programs you think would benefit the community.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd