Podcast
Questions and Answers
What does a business model describe?
What does a business model describe?
- The technology used to track customer preferences
- The process of serving customers well
- The strategy for lowering costs
- How a company produces, delivers, and sells products or services to create wealth (correct)
How do information systems contribute to new products and services?
How do information systems contribute to new products and services?
- By providing vital inputs from suppliers
- By monitoring and customizing environments for customers
- By lowering costs
- As an enabling tool for new products, services, and business models (correct)
Which of the following examples demonstrates customer intimacy?
Which of the following examples demonstrates customer intimacy?
- Apple's iPad product launch
- Google's Android OS development
- An information system linking sales records to a contract manufacturer
- High-end hotels using computers to track customer preferences (correct)
How does supplier intimacy contribute to a company?
How does supplier intimacy contribute to a company?
In the context of business models, what role do information systems play?
In the context of business models, what role do information systems play?
Which factor results in customers returning and ultimately raising revenues and profits?
Which factor results in customers returning and ultimately raising revenues and profits?
What term refers to the improvement of efficiency to attain higher profitability?
What term refers to the improvement of efficiency to attain higher profitability?
Which information system links suppliers to stores for a superior replenishment system?
Which information system links suppliers to stores for a superior replenishment system?
In contemporary systems, what increasingly requires changes in hardware, software, databases, and telecommunications?
In contemporary systems, what increasingly requires changes in hardware, software, databases, and telecommunications?
Which aspect of business today involves using information systems as a tool to achieve greater efficiency and productivity?
Which aspect of business today involves using information systems as a tool to achieve greater efficiency and productivity?
What is the term used to describe changes in business strategy, rules, and processes that depend on IT capabilities?
What is the term used to describe changes in business strategy, rules, and processes that depend on IT capabilities?
Which system focuses on establishing strong relationships with suppliers to improve processes and operations?
Which system focuses on establishing strong relationships with suppliers to improve processes and operations?
What are complementary assets in the context of information systems?
What are complementary assets in the context of information systems?
Which of the following is NOT an example of complementary assets in information systems?
Which of the following is NOT an example of complementary assets in information systems?
How do firms supporting technology investments with complementary assets generally fare?
How do firms supporting technology investments with complementary assets generally fare?
What is an example of a social asset among complementary assets?
What is an example of a social asset among complementary assets?
Which type of assets are crucial for deriving value from investments in information technology?
Which type of assets are crucial for deriving value from investments in information technology?
In the context of information systems, what do complementary assets refer to?
In the context of information systems, what do complementary assets refer to?
