Mis Flashcards

Mis flashcards

57 cards   |   Total Attempts: 188
  

Cards In This Set

Front Back
Which of the following is not one of the competitive forces of porter's model?-customers-external environment-suppliers-other competitors
External environment
Which of the following industries has the lowest barrier to entry?-restaurants-automotive-airline-computer chip
Restaurants
A firm can exercise greater control over its suppliers by having...
More suppliers
is the ability to offer individually tailored products or services using the same production resources as bulk production
Mass customization
To what competitive force did the printed encyclopedia industry succumb?
Substitute products or services
The internet raises the bargaining power of customers by:
Making information available to everybody
A firms value chain is linked to the:
Value chains of its suppliers, distributers, and customers
When the output of some units can be used as inputs to other units, or if two organizations pool markets and expertise that result in lower costs and generate profits it is often referred to as creating:
Synergies
Network economics:
Sees the cost of adding new members as inconsequential
A virtual company:
Uses the capabilities of other companies without being physically tied to those companies
Seeing quality as the responsibility of all people and functions in an organization is central to the concept of:
TQM
The reduction of errors to 3.4 defects per million opportunities is central to the concept of:
Six sigma
This software is built around thousands of predefined business processes:
Enterprise software
A suite of integrated software modules for finance and accounting, human resources, manufacturing and production, and sales and marketing that allows data to be used by multiple functions and business processes best describes:
ERP systems (enterprise resource planning)
A network of organizations and business processes for procuring raw materials, transforming these materials into intermediate and finished products, and distributing the finished product to customers is called a:
Supply chain