How can one develop competitive strategies using products? How can information systems help in the process?
What will be an ideal response?
Some competitive techniques are created through products and services, while some are created through the development of business processes. There are three principles that concern products and services. Organizations gain a competitive advantage by creating new products or services, by enhancing existing products or services, and by differentiating their products and services from those of their competitors.
An information system can be part of a product or it can provide support for a product or service.
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Louisiana Enterprises received payment from its customers for previous sales on credit. What was the impact on its working capital?
a. Increase in working capital b. Decrease in working capital c. No effect on working capital d. Unable to determine
Scrap and rework are examples of
A) prevention costs. B) appraisal costs. C) internal failure costs. D) external failure costs.
Which of the following is not one of the external forces of change?
a. Economic & political b. Cultural and social c. Demographic d. Institutional
You want to ensure that the five departments in your organization are equally represented in your sample. You need 100 responses to your surveys. How many people from each department should be in your sample?
a. 5 b. 20 c. 100 d. none of the above