Podcast
Questions and Answers
What can a firm use information technology to achieve?
What can a firm use information technology to achieve?
- To develop alliances with customers only
- To manage regional and global business expansion or to diversify and integrate into other products and services (correct)
- Only to manage regional business expansion
- To create virtual organizations of business partners only
What can be improved dramatically using information technology?
What can be improved dramatically using information technology?
- The efficiency of only business processes
- The efficiency of business processes and the quality of products and services (correct)
- The quality of only products and services
- The efficiency of only products and services
What can a firm build using information technology?
What can a firm build using information technology?
- A strategic information base of all the information collected (correct)
- A virtual organization of business partners
- An alliance with customers
- A global business expansion
Why might companies not want to wait too long before investing in information technology?
Why might companies not want to wait too long before investing in information technology?
What do some experts argue about the use of information technology?
What do some experts argue about the use of information technology?
Information technology is defined as only hardware and software in an academic term.
Information technology is defined as only hardware and software in an academic term.
A company can use information technology to reduce the cost of business processes and increase the costs of customers or suppliers.
A company can use information technology to reduce the cost of business processes and increase the costs of customers or suppliers.
In today's business environment, technology is an afterthought in forming business strategy.
In today's business environment, technology is an afterthought in forming business strategy.
A firm can use information technology to create new products or services but not make radical changes to business processes.
A firm can use information technology to create new products or services but not make radical changes to business processes.
Investing in information technology is not necessary for a firm to maintain its business competitiveness.
Investing in information technology is not necessary for a firm to maintain its business competitiveness.
A firm can use information technology to create a physical organization of business partners.
A firm can use information technology to create a physical organization of business partners.
The use of information technology is only a strategic advantage and not a strategic necessity.
The use of information technology is only a strategic advantage and not a strategic necessity.
A firm can use information technology to manage only regional business expansion.
A firm can use information technology to manage only regional business expansion.
Information technology can improve the efficiency of business processes and the quality of products and services, but not dramatically.
Information technology can improve the efficiency of business processes and the quality of products and services, but not dramatically.
Firms can easily catch up with their competitors if they wait too long to invest in information technology.
Firms can easily catch up with their competitors if they wait too long to invest in information technology.
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