Midterm

Which of the following industries has the lowest barrier to entry?

• Solar energy

• Small retailer

• Airline

• Computer chip

All of the following are competitive forces in Porter's model except __________.

• Substitute products

• Suppliers

• New market entrants

• Disruptive technologies

Nowadays many consumers use iPad or Amazon Echo to listen to music instead of using a CD player. This is an example of __________ in Porter’s model’s competitive forces.

• New market entrants

• Customers

• Suppliers

• Substitute products

Which of the following is NOT one of the technologies for brick-and-mortar retailers to complete with online retailers?

• Digital shelving

• Cloud computing

• Smartphone app

• Object-recognition camera

Which of the following is a challenge of working from home?

• Overhead costs for companies lower.

• Employees’ schedules are more flexible.

• Employee’s commuting time is reduced.

• Internet service and laptops are necessary.

Firms use __________ to conversate with consumers and show a greater willingness to listen to consumers.

• Facebook

• Cloud computing

• Microsoft Teams

• Zoom

Converting raw data into a more meaningful form is called __________.

• Capturing

• Processing

• Inputting

• Organizing

Which of the following statements about Porter's competitive forces model is not true?

• There are many competitors when an industry has very low barriers to entry.

• To control pricing and quality more, a firm should have one supplier.

• Porter's competitive forces model is the most widely used model for understanding competitive advantage.

• The power of customers grows if they can easily switch to a competitor's products and services.

A case of Shipping Wars among Amazon, FedEx, and UPS is an example of a firm using information systems to __________.

• Achieve low-cost leadership

• Simplify the industry value chain

• Develop synergies

• Strengthen ties to its customers

Which of the following is NOT one of the major new changes in management information systems?

• Organization

• Management change

• IT innovations

• E-commerce expansion