IT Impact on Business Firms

Internet growth and technology convergence are not factors impacting business firms.

Transformation of the business enterprise does not involve flexibility and location independence.

The Internet has not made any traditional business models obsolete.

Globalization does not impact the management and control of businesses in a global marketplace.

Digital convergence is not relevant in the changing business environment.

Empowerment and collaborative work are not advantages brought by Information Technology to businesses.

Knowledge and information-based economies are not a key factor in the rise of the Information Economy.

Shorter product life is not a characteristic of time-based competition.

Data and information are the same in the context of Information Systems.

Computer-Based Information Systems (CBIS) are not capable of processing and disseminating information.

Businesses do not invest in Information Systems to create value and increase profitability.

Digital convergence is not a factor enabling digital relationships among customers, suppliers, and employees.

Information Systems are not essential for businesses to operate effectively today.

According to the Federal Reserve Bank, IT has increased the rate of price rises by 1% in the last decade.

IT plays no role in creating competitive advantages for businesses.

Dell Computer's competitive advantage is based on a 'build-to-order' business model that has been imitated by many other firms.

EBay developed the largest sale trading platform for millions of individuals and businesses, which competitors have successfully imitated.

Amazon has become the largest book retailer in the United States due to its physical store network.