k201-iu-Chapter 3 Questions and All Correct Answers 2026.

Competitive Strategy - Answer determines the structure, features, and functions of every information system Five Forces Model - Answer five competitive forces determine industry profitability: bargaining power of customers, threat of substitutions, bargaining power of suppli- ers, threat of new entrants, and rivalry among existing firms value - Answer as the amount of money that a customer is willing to pay for a resource, product, or service. margin - Answer difference between the value that an activity generates and the cost of the activity. value chain - Answer is a network of value-creating activities. inbound logistics - Answer Receiving, storing, and disseminating inputs to the products operations/manufacturing - Answer transforming inputs into the final products outbound logistics - Answer collecting, storing, and physically distributing the products to buyers sales and marketing - Answer inducing buyers to purchase the product and providing a means for them to do so customer service - Answer Assisting customers' use of the products and thus maintaining and enhancing the products' value linkage - Answer interactions across value activities business process - Answer a network of activities that generate value by transforming inputs into outputs cost - Answer cost of inputs plus the cost of the activities