The Modern Organization in Digital Economy

Which of the following best describes a competitive advantage?

• The ability to produce goods faster than competitors.

• Offering products at a higher price.

• Delivering the same benefits as competitors but at a lower cost or offering unique benefits.

• Being the oldest company in the industry.

What is the primary purpose of Strategic Information Systems (SIS)?

• For entertainment purposes.

• To align technological capabilities with business strategies.

• To replace all manual work.

• For data backup only.

Which company used advanced IT in its supply chain to maintain competitive prices?

• Google

• Netflix

• Amazon

• Walmart

Which of these is a societal pressure faced by businesses today?

• Popularity contests.

• Social responsibility.

• Sustainability.

• Ethical considerations.

Which company faced challenges with the advent of digital photography due to its reliance on film?

• Sony

• Fujifilm

• Kodak

• Canon

Why are businesses under pressure to adopt sustainable practices?

• To keep up with fashion trends

• To reduce costs

• Because it's mandated by all governments

• Due to societal pressures and environmental concerns

What role does IT play in aiding business responses to various pressures?

• Improving efficiency and enabling new business models

• Only for entertainment purposes

• Solely for data backup

• To replace all traditional business models

Which company is known for its use of data analytics to provide personalized product recommendations?

• Spotify

• Airbnb

• Nike

• Amazon

Why is tech fluency becoming a crucial skill in many professions?

• To ensure everyone becomes a programmer

• Because technology is becoming a fundamental part of various job roles

• To replace traditional education

• To reduce human interaction

Which term refers to the ability of a firm to consistently outperform its competitors?

• Business Consistency

• Sustainable Competitive Advantage

• Strategic Business Success

• Consistent Business Strategy