Podcast
Questions and Answers
What is the role of information systems in increasing productivity and efficiency?
What is the role of information systems in increasing productivity and efficiency?
- Reducing market share
- Limiting the development of new products
- Decreasing costs in the economy
- Enhancing productivity and efficiency (correct)
How does IT impact the rate of price increases according to the Federal Reserve Bank?
How does IT impact the rate of price increases according to the Federal Reserve Bank?
- Increases the rate by 0.5 to 1%
- Has no effect on the rate
- Reduces the rate by 0.5 to 1% (correct)
- Doubles the rate
In what way can businesses develop a competitive advantage through IT as mentioned in the text?
In what way can businesses develop a competitive advantage through IT as mentioned in the text?
- By stagnating innovation
- By imitating competitors' strategies
- By differentiating themselves from competitors (correct)
- By reducing productivity
Which company built its competitive advantage on an IT build-to-order business model mentioned in the text?
Which company built its competitive advantage on an IT build-to-order business model mentioned in the text?
How did eBay differentiate itself from competitors using IT?
How did eBay differentiate itself from competitors using IT?
What is one way in which Amazon became the largest book retailer in the United States based on the text?
What is one way in which Amazon became the largest book retailer in the United States based on the text?
How has IT impacted business costs according to estimates provided in the text?
How has IT impacted business costs according to estimates provided in the text?
What is one strategic opportunity that IT provides for businesses?
What is one strategic opportunity that IT provides for businesses?
What does Amazon's huge online inventory and recommender system illustrate?
What does Amazon's huge online inventory and recommender system illustrate?
How does IT affect market share for businesses according to the text?
How does IT affect market share for businesses according to the text?
Flashcards are hidden until you start studying
