BAT Practice Test | 2024 Questions & Answers | 100% Correct | Verified

Which of the following is not one of the four basic strategies a company can employ to deal with competitive forces? A) focus on market niche B) Compete on employee loyalty C) Strengthen customer and supplier intimacy D) Differentiate products E) Low cost leadership - B A relocation control system that reports summaries on the total moving, house-hunting, and home financing costs for employees in all company divisions would fall into the category of an: A) MIS B)CRM System C)TPS D)ESS E)KMS - A A _______ is a collection of independent firms that use information technology to coordinate their value chains to produce a product or service for a market collectively A) value web B)value chain C)supply chain D)business network - A Suppliers, customers, employees, products and services, and ______ are the five basic entities with which business must deal A) invoices and payments B) manufacturing and productionC)the environment D)technology E)sales and marketing - A Which of the following is an example of a key force in a firms broader, less immediate environment A) Economic trends B) Regulations C) Competitors D) Suppliers E) Customers - A Verizon's implementation of a web-based digital dashboard to provide managers with real time information, such as customer complaints, is an example of: A) competitive advantage B) A new product C) improved flexibility