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MIS 200 Test with All Questions 100% Solved with Verified Answers
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MIS 200 Test with All Questions 100% Solved with Verified Answers
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MIS 200 Test with All Questions 100% Solvedwith Verified Answers
Technology skills gap - Answer the mismatch between the high level of tech skills
demanded by employers and the low level of tech skills held by employees
Activity - Answer a business function that receives inputs and produces outputs
Business Process - Answer a network of activities that generate value by transforming
inputs into outputs
Business process management - Answer a management technique that includes
methods and tools to support the design, analysis, implementation, management, and
optimization of business processes
Competitive Strategy - Answer an organizational strategy for how an organization will
compete in its business(es)
Cost - Answer the cost of the inputs plus the cost of the activities
first-mover advantage - Answer gaining market share by being the first to develop a new
technology in a market segment
Five Forces Model - Answer A framework that identifies five forces that determine the
profit potential of an industry and shape a firm's competitive strategy. Developed by
Michael Porter
Linkages - Answer interactions across value chain activities
, Margin - Answer the difference between the value that an activity generates and the
cost of the activity
primary activity - Answer Includes inbound logistics, operations/manufacturing,
outbound logistics, sales and marketing, and customer service
Inbound logistics - Answer receiving, storing, and disseminating inputs to the products
Operations/Manufacturing - Answer transforming inputs into the final products
outbound logistics - Answer collecting, storing, and physically distributing the products
to buyers
sales and marketing - Answer inducing buyers to purchase the products and providing a
means for them to do so
customer service - Answer assisting customers' use of the products and thus
maintaining and enhancing the products' value
repository - Answer collection of something; a database is a repository of data and a raw
material repository is an inventory of raw materials
second mover advantage - Answer following a pioneering company and imitating the
product, significantly reducing R&D expenditures
support activities - Answer includes procurement, technology, human resources, and
firm infrastructure
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