Mgt 2210 - Study guides, Class notes & Summaries

MGT 2210 (M3-M4 TEST) QUESTIONS WITH SOLVED ANSWERS 100% CORRECT!!

MGT 2210 Final Exam | With complete solution | 2024/25

Cloud ComputingA model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources that can be rapidly provisioned and released with minimal management effort or service provider interaction (Renting rather than buying resources) DataCodified raw "facts" Resource PoolingProvider's are pooled to serve multiple consumers Analog DataDatum that can assume an infinite number of possible values in a range Resource pooling - Multi-tenancyMul...

SDK - Software development kit. Tools that allow the creation of products or add-ons for a specific operating system or other computing platform. API - Programming hooks, or guidelines, published by firms that tell other programs how to get a service to perform a task such as send or receive data. For example, A provides APIs to let developers write their own applications and websites that can send the firm orders. IPO - Initial public stock offering, the first time a firm makes shares...

Blockchain - A distributed and decentralized ledger that records and verifies transactions and ownership, making it difficult to tamper with or shut down. Miners - Provide verification and time-stamping of transactions in a blockchain. What about bitcoin makes it less useful as a currency? - Its volatility Compliance - Ensuring that an organization's systems operate within required legal constraints, and industry and organizational obligations. Integrated Development Environment - Used ...

Which describes a company that watches a pioneer's efforts with a product or service, learns from their competitor's successes and missteps, then enters the market quickly with a comparable or superior product at a lower cost? A)agile competitor B)nimble nemesis C)fast follower D)quick imitator correct answers fast follower In terms of resources that firms may exploit in order to sustain a competitive advantage, which does not belong on this list of characteristics? A)tough to imitate ...

neural networks A statistical techniques used in AI, and particularly in machine learning. hunt down and expose patterns, building multilayered relationships that humans can't detect on their own. deep learning A type of machine learning that uses multiple layers of interconnections among data to identify patterns and improve predicted results. most often uses a set of techniques known as neural networks and is popularly applied in tasks like speech recognition, image recognition, and computer...

A firm's ________ is the symbolic embodiment of all the information connected with a product or service. - Brand Most successful firms typically leverage a single key resource for competitive advantage to create lasting, above-average industry profits. - False The term _______________ refers to leveraging consumers to promote a product or service. - viral marketing Businesses benefit from economies of scale when the cost of an investment can be spread across increasing units of operat...

Per the textbook, what fundamental concept is critical for the growth of platforms like Facebook, , and Twitter? Focusing on isolated market demographics. Limiting user communication capabilities. Restricting access to platform resources. Utilizing network effects. Utilizing network effects. Per the textbook, what is the main advantage of "Being Compatible with the Leading Network" for new tech entrants? It guarantees instant brand recognition and market dominance. It allows new entrants to a...