kroenke emis3 tif 03

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Experiencing MIS, 3e (Kroenke) Chapter 3: Organizational Strategy, Information Systems, and Competitive Advantage Multiple Choice 1) The competitive strategy followed by an organization is derived from its ________. A) function B) structure C) profits D) goals Answer: B Page Ref: 48 Difficulty: Easy Study Question: Study Question 1 2) The competitive strategy of an organization determines its ________. A) industry rivals B) short-term goals C) value chains D) structure Answer: C Page Ref: 48 Difficulty: Easy Study Question: Study Question 1 3) In which of the following situations would the suppliers have the strongest bargaining power? A) coffee planters during a season of frost that decreases production B) companies…show more content…
A) industry-wide low cost B) industry-wide differentiation C) focused low cost D) focused differentiation Answer: D Page Ref: 50 Difficulty: Easy Study Question: Study Question 3 15) Which of the following is an example of a competitive strategy employed by a firm? A) increasing the price of its product when raw material prices increase B) laying off staff in order to cut down costs during a recession period C) advertising its products nationwide like its competitor organizations D) launching a unique product targeted at a section of consumers Answer: D Page Ref: 50 Difficulty: Moderate AACSB: Analytic Skills Study Question: Study Question 3 16) According to Porter, to be effective the organization's goals, objectives, culture, and activities must be consistent with the ________. A) organization's structure B) organization's competitors C) organization's strategy D) organization's workforce Answer: C Page Ref: 51 Difficulty: Easy Study Question: Study Question 3 17) Porter defined ________ as the amount of money that a customer is willing to pay for a resource, product, or service. A) margin

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