CIS 2200 FINAL REVIEW BARUCH FALL 25 | TOP
SCORES MADE SIMPLE | TRUSTED TEST SOLUTIONS!
According to Harvard Business Review, "Leading a digital transformation? Learn
toAnswer: Code
In the crowded market space of 175 mattress firms, CNBC's report that "you can't tell
them apart" reinforces the idea that similar offerings becomeAnswer: commoditized
____________occurs when one party has more or better information than its
counterpartyAnswer: information asymmetry
Many firms are offering six-figure starting salaries to graduating seniors from top
universities becauseAnswer: there is a high demand for scarce technical talent.
How did Apple overcome Google as the dominant mapping platform on
iOS?Answer: Apple's control of iOS gave it control of the distribution channel to
reach its users, kicking Google out as the default mapping app and capturing the
majority of user engagement.
Firms like Blockbuster, Sotheby's, and Barnes & Noble were put at risk by operating
under the following platitude:Answer: Follow, don't lead.
A report in Forbes suggests that what percent of firms are failing at digital
transformation?Answer: 72%
A company uses radio frequency identification (RFID) tags to keep track of its
inventory. This is an example of the impact of technology in the area of
_____.Answer: Οperations
One of the most popular frameworks for examining a firm's competitive environment
is Porter's __________ forces.Answer: five
1
APPHIA - Crafted with Care and Precision for Academic Excellence.
, According to the text, platitudes such as __________ can put firms dangerously at
risk.Answer: "follow, don't lead"
Apple successfully leveraged their _________ to become the industry leader in all
retail chain categories in the United States.Answer: distribution channels
An approach known as the __________ view of competitive advantage shows that if
a firm is to maintain sustainable competitive advantage, it must control a set of
exploitable resources with four critical characteristics. These resources must be (1)
valuable, (2) rare, (3) imperfectly imitable, and (4) nonsubstitutable.Answer:
Resource-based
Issues in intellectual property, privacy, and piracy are increasingly important to firms,
but were also cited in this chapter as especially relevant to creating new
opportunities for students who study technology in conjunction with
__________.Answer: law
Crowdsourcing tools and question-and-answer sites, such as _____, allow firms to
reach out for expertise beyond their organizations.Answer: Quora
In two decades, ___________'s tech sector has grown from almost nothing to a
$200 billion industry.Answer: India
Michael Porter says that the reason many firms suffer margin-eroding competition is
because they have defined themselves according to operational effectiveness rather
than __________.Answer: strategic positioning
In retail, generally, and in the fashion industry, particularly, having ____________ is
considered the kiss of death.Answer: excess inventory
Attempting to occupy more than one position while failing to match the benefits of a
more efficient, singularly focused rival is known as ____________.Answer:
straddling
Having too much ____________ in the retail apparel industry is the kiss of
death.Answer: inventory
2
APPHIA - Crafted with Care and Precision for Academic Excellence.
SCORES MADE SIMPLE | TRUSTED TEST SOLUTIONS!
According to Harvard Business Review, "Leading a digital transformation? Learn
toAnswer: Code
In the crowded market space of 175 mattress firms, CNBC's report that "you can't tell
them apart" reinforces the idea that similar offerings becomeAnswer: commoditized
____________occurs when one party has more or better information than its
counterpartyAnswer: information asymmetry
Many firms are offering six-figure starting salaries to graduating seniors from top
universities becauseAnswer: there is a high demand for scarce technical talent.
How did Apple overcome Google as the dominant mapping platform on
iOS?Answer: Apple's control of iOS gave it control of the distribution channel to
reach its users, kicking Google out as the default mapping app and capturing the
majority of user engagement.
Firms like Blockbuster, Sotheby's, and Barnes & Noble were put at risk by operating
under the following platitude:Answer: Follow, don't lead.
A report in Forbes suggests that what percent of firms are failing at digital
transformation?Answer: 72%
A company uses radio frequency identification (RFID) tags to keep track of its
inventory. This is an example of the impact of technology in the area of
_____.Answer: Οperations
One of the most popular frameworks for examining a firm's competitive environment
is Porter's __________ forces.Answer: five
1
APPHIA - Crafted with Care and Precision for Academic Excellence.
, According to the text, platitudes such as __________ can put firms dangerously at
risk.Answer: "follow, don't lead"
Apple successfully leveraged their _________ to become the industry leader in all
retail chain categories in the United States.Answer: distribution channels
An approach known as the __________ view of competitive advantage shows that if
a firm is to maintain sustainable competitive advantage, it must control a set of
exploitable resources with four critical characteristics. These resources must be (1)
valuable, (2) rare, (3) imperfectly imitable, and (4) nonsubstitutable.Answer:
Resource-based
Issues in intellectual property, privacy, and piracy are increasingly important to firms,
but were also cited in this chapter as especially relevant to creating new
opportunities for students who study technology in conjunction with
__________.Answer: law
Crowdsourcing tools and question-and-answer sites, such as _____, allow firms to
reach out for expertise beyond their organizations.Answer: Quora
In two decades, ___________'s tech sector has grown from almost nothing to a
$200 billion industry.Answer: India
Michael Porter says that the reason many firms suffer margin-eroding competition is
because they have defined themselves according to operational effectiveness rather
than __________.Answer: strategic positioning
In retail, generally, and in the fashion industry, particularly, having ____________ is
considered the kiss of death.Answer: excess inventory
Attempting to occupy more than one position while failing to match the benefits of a
more efficient, singularly focused rival is known as ____________.Answer:
straddling
Having too much ____________ in the retail apparel industry is the kiss of
death.Answer: inventory
2
APPHIA - Crafted with Care and Precision for Academic Excellence.
