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MIS 301 Vocab Question and answers 100% correct 2024 $13.99   Add to cart
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MIS 301 Vocab Question and answers 100% correct 2024

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MIS 301 Vocab Question and answers 100% correct 2024 internet of things - correct answer a vision where low cost sensors, processors, and communication are embedded into a wide array of products and our environment sarbanes-oxley act - correct answer raises the executive and board responsib...

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  • August 27, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • mis 301 vocab
  • mis 301 vocab question and answers 100 correct 20

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  • MIC 301
  • MIC 301

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MIS 301 Vocab
internet of things - correct answer ✔a vision where low cost sensors,
processors, and communication are embedded into a wide array of products
and our environment


sarbanes-oxley act - correct answer ✔raises the executive and board
responsibilities and ties criminal penalties to certain accounting and financial
violations


sem - correct answer ✔search engine marketing


seo - correct answer ✔search engine optimization


crm - correct answer ✔customer relationship management


sustainable competitive advantage - correct answer ✔financial performance
that consistently outperforms industry averages, difficult to achieve due to
rapid emergence of new products and new competitors


operational effectiveness - correct answer ✔performing the same tasks
better than rivals, danger lies in similarity and failure to innovate, when
offerings are roughly the same, they are more commodity


commodity - correct answer ✔a basic good that can be interchanged with
nearly identical offerings by others, product or service that is nearly identically
offered from multiple vendors (gold, wheat), consumers focus highly on prices
since they have so many similar choices

, fast follower problem - correct answer ✔exists when competitors watch a
pioneers efforts, learn from their successes and missteps, enter the market
quickly with a comparable or superior product at a lower cost before the first
mover can dominate


strategic positioning - correct answer ✔performing different activities than
rivals, or the same activities in a different way


inventory turns - correct answer ✔number of times inventory is sold or used
during a given period


fresh direct model - correct answer ✔provides innovations such as: worker
shifts are highly efficient, firm buys and prepares its own goods, higher
inventory turns, use of artificial intelligence and climate controlled rooms


resource based view of competitive advantage - correct answer ✔the
strategic thinking approach suggesting that if a firm is to maintain sustainable
competitive advantage, it must control an exploitable resource, or set of
resources, that have four critical characteristics (valuable, rare, imperfectly
imitable, non substitutable)


imitation resistant value chain - correct answer ✔a way of doing business
that competitors struggle to replicate and that involves technology in a key
enabling role


value chain - correct answer ✔set of activities through which a product or
service is created and delivered to customers


scm - correct answer ✔supply chain management

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