18 Questions
What does a business model describe?
How a company produces, delivers, and sells products or services to create wealth
How do information systems contribute to new products and services?
As an enabling tool for new products, services, and business models
Which of the following examples demonstrates customer intimacy?
High-end hotels using computers to track customer preferences
How does supplier intimacy contribute to a company?
By providing vital inputs which lower costs
In the context of business models, what role do information systems play?
Enabling tool for new products and services
Which factor results in customers returning and ultimately raising revenues and profits?
Serving customers well
What term refers to the improvement of efficiency to attain higher profitability?
Operational excellence
Which information system links suppliers to stores for a superior replenishment system?
Supplier intimacy system
In contemporary systems, what increasingly requires changes in hardware, software, databases, and telecommunications?
Business capabilities
Which aspect of business today involves using information systems as a tool to achieve greater efficiency and productivity?
Operational excellence
What is the term used to describe changes in business strategy, rules, and processes that depend on IT capabilities?
Business-IT alignment
Which system focuses on establishing strong relationships with suppliers to improve processes and operations?
Supplier intimacy system
What are complementary assets in the context of information systems?
Assets required to derive value from a primary investment
Which of the following is NOT an example of complementary assets in information systems?
Physical assets like office equipment
How do firms supporting technology investments with complementary assets generally fare?
They receive superior returns on their investments
What is an example of a social asset among complementary assets?
The Internet and telecommunications infrastructure
Which type of assets are crucial for deriving value from investments in information technology?
Complementary assets
In the context of information systems, what do complementary assets refer to?
Assets needed to enhance the value of primary investments
Explore the role of information systems in today's global business environment, including how they enable new products, services, and business models. Learn about examples such as Apple's iPad, Google's Android OS, and Netflix, and how information systems are crucial in creating wealth.
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