100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
ISA 235 Final Exam Question and answers correctly solved $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. ISA 235
  4.  
  5. ISA 235

Exam (elaborations)

ISA 235 Final Exam Question and answers correctly solved

 1 view  0 purchase
  • Course
  • ISA 235
  • Institution
  • ISA 235

ISA 235 Final Exam Question and answers correctly solved ISA 235 Final Exam Value Chain: Primary v Support activities - correct answer Views a firm as a series of business processes that each add value. Primary: The firm acquiring raw materials, manufacturing, delivering, marketing and sell...

[Show more]

Preview 3 out of 16  pages

Document information

  • November 8, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • ISA 235
  • ISA 235

Seller

avatar-seller
Academia199

Reviews received

Content preview

ISA 235 Final Exam
Value Chain: Primary v Support activities - correct answer ✔Views a firm as
a series of business processes that each add value. Primary: The firm
acquiring raw materials, manufacturing, delivering, marketing and selling.
Support: Actual firm infrastructure such as HR, Management, Tech. Dept.


internet of things - correct answer ✔a world where interconnected, Internet-
enabled devices or "things" can collect and share data without human
intervention


information age - correct answer ✔the present time, during which infinite
quantities of facts are widely available to anyone who can use a computer


information - correct answer ✔data converted into a meaningful and useful


big data - correct answer ✔a collection of large, complex data sets, including
structured and unstructured data, which can't be analyzed using traditional
database methods and tools


Information - correct answer ✔data converted into a meaningful and useful
context


business intelligence (BI) - correct answer ✔information collected from
multiple sources such as suppliers, customers, competitors, partners, and
industries that analyze patterns, trends, and relationships for strategic
decision making


analytics - correct answer ✔the science of fact-based decision making

,business analytics - correct answer ✔the scientific process of transforming
data into insight for making better decisions


knowledge - correct answer ✔skills, experience, and expertise, coupled with
information and intelligence that creates a person's intellectual resources


information silo - correct answer ✔occurs when one business unit is unable
to freely communicate with other business units, making it difficult or
impossible for organizations to work cross-functionally


Systems Thinking - correct answer ✔a way of monitoring the entire system
by viewing multiple inputs being processed or transformed to produce outputs
while continuously gathering feedback on each part


business strategy - correct answer ✔A leadership plan that achieves a
specific set of goals or objectives


SWOT analysis - correct answer ✔evaluates an organization's strengths,
weaknesses, opportunities, and threats to identify significant influences that
work for or against business strategies


Porter's Five Forces Model - correct answer ✔A model for analyzing the
competitive forces within the environment in which a company operates, to
assess the potential for profitability in an industry.


Porter's Three Generic Strategies - correct answer ✔generic business
strategies that are neither organization nor industry specific and can be
applied to any business, product, or service

, supply chain - correct answer ✔all parties involved, directly or indirectly, in
obtaining raw materials or a product


business process - correct answer ✔standardized set of activities that
accomplish a specific task


Value chain analysis - correct answer ✔views a firm as a series of business
processes that each add value to the product or service


Business as a System - correct answer ✔combination of business
commerce, occupations, and organizations that produces and distributes the
goods and services that create value for people in a society


competitive advantage - correct answer ✔a feature of a product or service on
which consumers place a greater value than on similar offerings from
competitors


Management Information Systems (MIS) - correct answer ✔a business
function which moves information about people, products, and processes
across the company to facilitate decision making and problem solving


disruptive technology - correct answer ✔a new way of doing things that
initially does not meet the needs of existing customers


sustaining technology - correct answer ✔produces an improved product
customers are eager to buy, such as a faster car to drive


internet - correct answer ✔a massive network that connects computers all
over the world and allows them to communicate with one another

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81113 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart