When a firm buys in the marketplace what it Cannot make itself its costs are referred to as?

Related Questions

  • Q33:

    As discussed in the chapter opening case, which of the four generic strategies did Sears employ to combat the competition offered by Target, Walmart, and Macy's? A) low-cost leadership B) focus on market niche C) customer and supplier intimacy D) product differentiation

  • Q34:

    Business processes are collections of A) informal practices and behaviors. B) formalized and documented practices. C) routines. D) rights and privileges.

  • Q35:

    According to Leavitt's model of organizational resistance, the four components that must be changed in an organization in order to successfully implement a new information system are A) environment, organization, structure, and tasks. B) technology, people, culture, and structure. C) organization, culture, management, and environment. D) tasks, technology, people, and structure.

  • Q36:

    Which of the following industries has a low barrier to entry? A) automotive B) computer chip C) restaurant D) airline

  • Q37:

    An organization is a A) stable, formal social structure that takes resources from the environment and processes them to produce outputs. B) formal, legal entity with internal rules and procedures that must abide by laws. C) collection of social elements. D) B and C E) A, B, and C

  • Q39:

    Mintzberg's classification of organizational structure categorizes the knowledge-based organization where goods and services depend on the expertise and knowledge of professionals as a(n) A) entrepreneurial structure. B) divisionalized bureaucracy. C) professional bureaucracy. D) adhocracy.

  • Q40:

    The interaction between information systems and organizations is influenced A) primarily by the decision making of middle and senior managers. B) by many factors, including structure, politics, culture, and environment. C) by two main microeconomic forces: capital and labor. D) primarily by the organization's business processes and culture.

  • Q41:

    Amazon's use of the Internet as a platform to sell books more efficiently than traditional bookstores illustrates a use of information services for A) low-cost leadership. B) marketing effectiveness. C) focusing on market niche. D) strengthening supplier intimacy.

  • Q42:

    Which of the following is one of the support activities in a firm's value chain? A) inbound logistics B) operations C) sales and marketing D) technology

  • Q43:

    The value chain model A) categorizes five related advantages for adding value to a firm's products or services. B) sees the supply chain as the primary activity for adding value. C) categorizes four basic strategies a firm can use to enhance its value chain. D) helps a firm identify points at which information technology can most effectively enhance its competitive position.

The costs incurred when a firm buys on the marketplace what it cannot make itself are referred to asDisintermediationThe four major types of competitive strategy are:Information asymmetry exists whenWhen a firm provides a specialized product or service for a narrow target market better than competitors, they are using aInternet technologyThe Internet raises the bargaining power of customers byCloud computingBenchmarkingThe most successful solutions or methods for achieving a business objective are calledAn information system can enhance core competencies byThe more any given resource is applied to production, the lower the marginal gain in output, until a point is reached at which the additional inputs produce no additional output. This is referred to asNetwork economicsIn network economics, the value of a commercial software vendor's software productsCurrent technology trends will result inThe quality of ubiquity, as it relates to e-commerce, is illustrated byWhich of the following is not a recent development in e-commerce?What term best describes consumers selling goods and services electronically to other?Where there is no well understood or agreed-on procedure for making a decision, it is said to beThe type of decision that can be made by following a definite procedure is called a(n)

Which type of activity within the value chain model is directly related to the production and distribution for a firm's products and services?

Primary activities are most directly related to the production and distribution of the firm's products and services, which create value for the customer. Primary activities include inbound logistics, operations, outbound logistics, sales and marketing, and service.

When two organizations pool markets and expertise that result in lower costs and generate profits they are creating group of answer choices?

When two organizations pool markets and expertise that result in lower costs and generate profits, they are creating: synergies.

When a firm provides a specialized product or service for a narrow target market better than competitors they are using a strategy?

Chapter 3.

Which of the following are considered disruptive business technologies?

Artificial intelligence, virtual/ augmented reality, internet of things, blockchain technology, and e-commerce are some of the disruptive technologies significantly influencing the future.

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