10 Questions
What is the role of information systems in increasing productivity and efficiency?
Enhancing productivity and efficiency
How does IT impact the rate of price increases according to the Federal Reserve Bank?
Reduces the rate by 0.5 to 1%
In what way can businesses develop a competitive advantage through IT as mentioned in the text?
By differentiating themselves from competitors
Which company built its competitive advantage on an IT build-to-order business model mentioned in the text?
Dell Computer
How did eBay differentiate itself from competitors using IT?
By developing the largest sale trading platform for individuals and businesses
What is one way in which Amazon became the largest book retailer in the United States based on the text?
Building a huge online inventory and recommender system
How has IT impacted business costs according to estimates provided in the text?
Reduced costs significantly
What is one strategic opportunity that IT provides for businesses?
Creating new business models
What does Amazon's huge online inventory and recommender system illustrate?
Competitive differentiation through IT innovation
How does IT affect market share for businesses according to the text?
Increases market share for businesses
Explore the growing impact of Information Technology on business firms through factors like internet growth, technology convergence, globalization, knowledge-based economies, and emergence of digital firms. Understand why IT is crucial now due to the growth of the Internet and technology convergence.
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