Question 1

Which of the following is true of a value-chain?

Accepted Answer

A)  It is a network of value-creating activities.
B)  It consists of only primary activities.
C)  It is specific to manufacturing industries.
D)  It nullifies the importance of support activities.E) C) and D)
F) A) and B)

Question 2

An organization can choose to either minimize cost or maximize differentiation to gain a competitive advantage.

Accepted Answer

A) True 
 B)False

Question 3

Porter's five competitive forces can be grouped into two types: forces related to ________ and forces related to supply chain bargaining power.

Accepted Answer

A)  pricing
B)  labor
C)  competition
D)  consumersE) A) and C)
F) B) and C)

Question 4

Distinguish between a primary and a support activity in the value chain.

Accepted Answer

Primary activities are business function...

Question 5

Describe Porter's five forces model.

Accepted Answer

Organizational strategy begins with an a...

Question 6

Explain value chain linkages.

Accepted Answer

Porter's model of business activities includes linkages,which are interactions across value activities.For example,manufacturing systems use linkages to reduce inventory costs.Such a system uses sales forecasts to plan production; it then uses the production plan to determine raw materials needs and then uses the material needs to schedule purchases.The end result is just-in-time inventory,which reduces inventory sizes and costs.

Question 7

Business processes implement value chains or portions of value chains.

Accepted Answer

A) True 
 B)False

Question 8

________ includes general management,finance,accounting,legal,and government affairs.

Accepted Answer

A)  Human resources
B)  Research and development
C)  Firm infrastructure
D)  Operations managementE) All of the above
F) A) and C)

Question 9

Inducing buyers to purchase the product and providing a means for them to do so describes which of the following primary activities?

Accepted Answer

A)  inbound logistics
B)  sales and marketing
C)  outbound logistics
D)  operations/managementE) A) and B)
F) A) and C)

Question 10

Competitive strategy determines an organization's value chain.

Accepted Answer

A) True 
 B)False

Question 11

A company uses the outbound logistics activity to deliver the finished product to a customer.

Accepted Answer

A) True 
 B)False

Question 12

What is the criterion on which business processes should run?

Accepted Answer

According to Porter,whether business pro...

Question 13

What are the four competitive strategies based on Porter's five forces model?

Accepted Answer

An organization responds to the structur...

Question 14

Each stage of the generic value chain accumulates costs and subtracts value from the product.

Accepted Answer

A) True 
 B)False

Question 15

The difference between the value that an activity generates and the cost of the activity is called the margin.

Accepted Answer

A) True 
 B)False  True

Question 16

According to Porter,to be effective,the organization's goals,objectives,culture,and activities must be consistent with the organization's strategy.

Accepted Answer

A) True 
 B)False

Question 17

In which of the following situations would the suppliers have the strongest bargaining power?

Accepted Answer

A)  coffee planters during a season of frost that decreases production
B)  companies negotiating compensation during a booming economy
C)  providers of logistic support during an economic slowdown
D)  a wholesaler declaring a stock-clearance saleE) A) and D)
F) B) and C) A

Question 18

Which of the following is an example of a competitive strategy employed by a firm?

Accepted Answer

A)  increasing the price of its product when raw material prices increase
B)  laying off staff in order to cut down costs during a recession period
C)  advertising its products nationwide like its competitor organizations
D)  launching a unique product targeted at a section of consumersE) B) and C)
F) B) and D)

Question 19

Which of the following strategies is also called establishing high switching costs?

Accepted Answer

A)  establishing alliances
B)  locking in suppliers
C)  reducing costs
D)  locking in customersE) All of the above
F) None of the above

Question 20

Differentiate between value and margin.

Accepted Answer

Porter defined value as the amount of mo...

Exam 3: Organizational Strategy information Systems and Competitive Advantage

Which of the following is true of a value-chain?

Correct Answer
verified

An organization can choose to either minimize cost or maximize differentiation to gain a competitive advantage.

Correct Answer
verified

Porter's five competitive forces can be grouped into two types: forces related to ________ and forces related to supply chain bargaining power.

Correct Answer
verified

Distinguish between a primary and a support activity in the value chain.

Correct Answer
verified
Primary activities are business function...
View Answer

Describe Porter's five forces model.

Correct Answer
verified
Organizational strategy begins with an a...
View Answer

Explain value chain linkages.

Business processes implement value chains or portions of value chains.

Correct Answer
verified

________ includes general management,finance,accounting,legal,and government affairs.

Correct Answer
verified

Inducing buyers to purchase the product and providing a means for them to do so describes which of the following primary activities?

Correct Answer
verified

Competitive strategy determines an organization's value chain.

Correct Answer
verified

A company uses the outbound logistics activity to deliver the finished product to a customer.

Correct Answer
verified

What is the criterion on which business processes should run?

Correct Answer
verified
According to Porter,whether business pro...
View Answer

What are the four competitive strategies based on Porter's five forces model?

Correct Answer
verified
An organization responds to the structur...
View Answer

Each stage of the generic value chain accumulates costs and subtracts value from the product.

Correct Answer
verified

The difference between the value that an activity generates and the cost of the activity is called the margin.

Correct Answer
verified
True

According to Porter,to be effective,the organization's goals,objectives,culture,and activities must be consistent with the organization's strategy.

Correct Answer
verified

In which of the following situations would the suppliers have the strongest bargaining power?

Correct Answer
verified
A

Which of the following is an example of a competitive strategy employed by a firm?

Correct Answer
verified

Which of the following strategies is also called establishing high switching costs?

Correct Answer
verified

Differentiate between value and margin.

Correct Answer
verified
Porter defined value as the amount of mo...
View Answer

Exam 3: Organizational Strategy information Systems and Competitive Advantage

Which of the following is true of a value-chain?

Correct AnswerverifiedShow Answer

An organization can choose to either minimize cost or maximize differentiation to gain a competitive advantage.

Correct AnswerverifiedShow Answer

Porter's five competitive forces can be grouped into two types: forces related to ________ and forces related to supply chain bargaining power.

Correct AnswerverifiedShow Answer

Distinguish between a primary and a support activity in the value chain.

Correct AnswerverifiedPrimary activities are business function...View AnswerShow Answer

Describe Porter's five forces model.

Correct AnswerverifiedOrganizational strategy begins with an a...View AnswerShow Answer

Explain value chain linkages.

Business processes implement value chains or portions of value chains.

Correct AnswerverifiedShow Answer

________ includes general management,finance,accounting,legal,and government affairs.

Correct AnswerverifiedShow Answer

Inducing buyers to purchase the product and providing a means for them to do so describes which of the following primary activities?

Correct AnswerverifiedShow Answer

Competitive strategy determines an organization's value chain.

Correct AnswerverifiedShow Answer

A company uses the outbound logistics activity to deliver the finished product to a customer.

Correct AnswerverifiedShow Answer

What is the criterion on which business processes should run?

Correct AnswerverifiedAccording to Porter,whether business pro...View AnswerShow Answer

What are the four competitive strategies based on Porter's five forces model?

Correct AnswerverifiedAn organization responds to the structur...View AnswerShow Answer

Each stage of the generic value chain accumulates costs and subtracts value from the product.

Correct AnswerverifiedShow Answer

The difference between the value that an activity generates and the cost of the activity is called the margin.

Correct AnswerverifiedTrue

According to Porter,to be effective,the organization's goals,objectives,culture,and activities must be consistent with the organization's strategy.

Correct AnswerverifiedShow Answer

In which of the following situations would the suppliers have the strongest bargaining power?

Correct AnswerverifiedA

Which of the following is an example of a competitive strategy employed by a firm?

Correct AnswerverifiedShow Answer

Which of the following strategies is also called establishing high switching costs?

Correct AnswerverifiedShow Answer

Differentiate between value and margin.

Correct AnswerverifiedPorter defined value as the amount of mo...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Primary activities are business function...
View Answer

Correct Answer
verified
Organizational strategy begins with an a...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
According to Porter,whether business pro...
View Answer

Correct Answer
verified
An organization responds to the structur...
View Answer

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
verified

Correct Answer
verified
A

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Porter defined value as the amount of mo...
View Answer