Which of the following illustrates the use of information systems to achieve product differentiation group of answer choices?

Which of the following illustrates the use of information systems to achieve product differentiation group of answer choices?

Which of the following illustrates the use of information systems to achieve product differentiation? An automobile manufacturer’s use of information systems to facilitate direct access from suppliers to production schedules.

Is a collection of independent firms that use information technology to coordinate their value chains to produce a product or service for a market collectively?

A value web is a collection of independent firms that use information technology to coordinate their value chains to produce a product or service for a market collectively.

Which one of the following is not one of the competitive forces in Porters model?

Threats of technological advances is not one of Porters five competitive forces.

Which of the following is not an advantage for new companies entering the marketplace quizlet?

Which of the following is not an advantage for new companies entering the marketplace? They can establish new relationships with suppliers. All of the following have been disruptive technologies except: minicomputers.

How does information system help to achieve a competitive advantage?

It changes industry structure and, in so doing, alters the rules of competition. It creates competitive advantage by giving companies new ways to outperform their rivals. It spawns whole new businesses, often from within a company’s existing operations.

How do information systems help businesses use synergies core competencies and network based strategies to achieve competitive advantage?

Information systems can improve the overall performance of these business units by promoting synergies and core competencies. In synergies, the output of some units can be used as inputs to other units, or two organizations pool markets and expertise, and these relationships lower costs and generate profits.

What is the purpose of information system from a business perspective what role does It pay in business information value chain?

From a business perspective, an information system is an important instrument for creating value for the firm. Information systems enable the firm to increase its revenue or decrease its costs by providing information that helps managers make better decisions or that improves the execution of business processes.

How can information system be applied in the business value chain?

Information systems can serve strategically to enable the firm to produce its products at a lower cost or greater value. Internet technology makes it possible to extend the value chain so that it ties together the firm’s suppliers, business partners, and customers into a value web [Figure 3-12].

How the value chain and value web models help businesses identify opportunities for strategic information system applications?

How do the value chain and value web models help businesses identify opportunities for strategic information system applications? The value chain model highlights specific activities in the business where competitive strategies and information systems will have the greatest impact.

What forces does the five competitive forces model address the competitive forces in the five competitive forces model does not include?

What “forces” does the five competitive forces model address? The competitive forces in the five competitive force model does not include the allocative efficiency of producers.

What is Porters five forces model in strategic management?

Porter’s Five Forces is a framework for analyzing a company’s competitive environment. The number and power of a company’s competitive rivals, potential new market entrants, suppliers, customers, and substitute products influence a company’s profitability.

What is the main purpose of Porters five forces model?

The purpose of Porter’s Five Forces Model is to determine the profit potential of a market i.e. business sector. According to Michael Porter each business sector is potentially influenced by five factors that he refers to as forces.

Which of the following is an example of a business using information systems to improve customer and supplier intimacy?

An example of a business using information systems for customer and supplier intimacy is: B) JC Penney`s information system that allows its contract manufacturers to see what garments have been sold and need to be replaced.

Which of the following best describes the effect that new information technology has on society?

Which of the following best describes the effect that new information technology has on society? It has a ripple effect, raising new ethical, social, and political issues.

Which of the following is a feature of a multinational company pursuing a global standardization strategy?

Which of the following is a feature of a multinational company pursuing a global-standardization strategy? Its key business functions are located at the home country headquarters.

How can a business differentiate its products?

Key Takeaways

• Product differentiation depends on consumers’ attention to one or more key benefits of a product or brand that make it a better choice than similar products or brands.
• The elements of differentiation include product design, marketing, packaging, and pricing.

What is differentiation strategy?

Your differentiation strategy is the way in which you make your firm stand out from otherwise similar competitors in the marketplace. Usually, it involves highlighting a meaningful difference between you and your competitors. And that difference must be valued by your potential clients.

How do information systems apply to competitive strategies for business?

Information systems aid companies in competing with other competitors by maintaining low costs, differentiating products or services, focusing on market niche, strengthening ties with customers and suppliers, and increasing market entry high competition.

Which of the following illustrates the use of information systems to achieve product differentiation?

What is product differentiation in information system?

Is a collection of independent firms that use information technology to coordinate their value chains to collectively produce a product or service for a market?

Which of the following is not an advantage for new companies entering the marketplace quizlet?