MNGT REVIEW PRACTICE STUDY TEST.
Porter's Generic Business Strategies - CORRECT ANSWER 1.cost leadership (broad market/low cost)
2. broad differentiation (broad market/high cost)
3. focused strategy (narrow market)
Porter's 5 Forces - CORRECT ANSWER Potential new entrants, buyer power, supplier power, threat of
substitutes, rivalry and competition.
Using MIS To Develop A SWOT Analysis - CORRECT ANSWER
Christensen's Disruptive Innovation Model - CORRECT ANSWER uses technology to transform a market
or create an entirely new market.
Lieberman And Montgomery's First-Mover Advantage - CORRECT ANSWER The firm's employees will
learn from experience how to use technologies and processes to develop the product.
The firm has an opportunity to secure raw materials and to develop logistics ahead of any other
competitors.
Any company's competing product must meet the specifications established by the initial entrant.
The fast follower strategy - CORRECT ANSWER a strategy to wait for competitors to bring a new product
or service to the market, but to offer their own new product or service shortly after
Describe the main roles that information systems play in organizations - CORRECT ANSWER Decision
making, operational management, customer interaction, collaboration on teams, strategic initiatives,
and individual productivity
A Computer Network - CORRECT ANSWER a system that connects computers and other devices via
communications media so that data and information can be transmitted among them
, PAN's - CORRECT ANSWER Personal Area Network. Laptop/phone
LAN's - CORRECT ANSWER Local area network -within a small geographical area such as a home, school,
computer laboratory, office building or group of buildings.
WAN's - CORRECT ANSWER A wide area network- is a network that exists over a large-scale
geographical area.
Internets - CORRECT ANSWER network of networks; connects LANs, WANs, and other internets
The internet - CORRECT ANSWER A global network connecting millions of computers, making it possible
to exchange information.
IP Addresses - CORRECT ANSWER is an identifier assigned to each computer and other device (e.g.,
printer, router, mobile device, etc.) connected to a TCP/IP network[1] that is used to locate and identify
the node in communications with other nodes on the network
TCP/IP - CORRECT ANSWER Transmission Control Protocol/Internet Protocol. Protocol that connects
computers to the Internet. Tells computers how to exchange information over the Internet.
Web 1.0 vs Web 2.0 - CORRECT ANSWER Web 1.0 - static
Web 2.0 - collaboration
Web 3.0 - CORRECT ANSWER Based on "intelligent" Web applications using natural language
processing, machine-based learning and reasoning, and intelligence applications
Web 4.0 - CORRECT ANSWER the web gives consumers access to thousands of apps and makes the
ability to use their smartphones and tablets to access brands anywhere and anytime a necessity
Software As A Service (SaaS) - CORRECT ANSWER A form of cloud computing where a firm subscribes to
a third-party software and receives a service that is delivered online.
Porter's Generic Business Strategies - CORRECT ANSWER 1.cost leadership (broad market/low cost)
2. broad differentiation (broad market/high cost)
3. focused strategy (narrow market)
Porter's 5 Forces - CORRECT ANSWER Potential new entrants, buyer power, supplier power, threat of
substitutes, rivalry and competition.
Using MIS To Develop A SWOT Analysis - CORRECT ANSWER
Christensen's Disruptive Innovation Model - CORRECT ANSWER uses technology to transform a market
or create an entirely new market.
Lieberman And Montgomery's First-Mover Advantage - CORRECT ANSWER The firm's employees will
learn from experience how to use technologies and processes to develop the product.
The firm has an opportunity to secure raw materials and to develop logistics ahead of any other
competitors.
Any company's competing product must meet the specifications established by the initial entrant.
The fast follower strategy - CORRECT ANSWER a strategy to wait for competitors to bring a new product
or service to the market, but to offer their own new product or service shortly after
Describe the main roles that information systems play in organizations - CORRECT ANSWER Decision
making, operational management, customer interaction, collaboration on teams, strategic initiatives,
and individual productivity
A Computer Network - CORRECT ANSWER a system that connects computers and other devices via
communications media so that data and information can be transmitted among them
, PAN's - CORRECT ANSWER Personal Area Network. Laptop/phone
LAN's - CORRECT ANSWER Local area network -within a small geographical area such as a home, school,
computer laboratory, office building or group of buildings.
WAN's - CORRECT ANSWER A wide area network- is a network that exists over a large-scale
geographical area.
Internets - CORRECT ANSWER network of networks; connects LANs, WANs, and other internets
The internet - CORRECT ANSWER A global network connecting millions of computers, making it possible
to exchange information.
IP Addresses - CORRECT ANSWER is an identifier assigned to each computer and other device (e.g.,
printer, router, mobile device, etc.) connected to a TCP/IP network[1] that is used to locate and identify
the node in communications with other nodes on the network
TCP/IP - CORRECT ANSWER Transmission Control Protocol/Internet Protocol. Protocol that connects
computers to the Internet. Tells computers how to exchange information over the Internet.
Web 1.0 vs Web 2.0 - CORRECT ANSWER Web 1.0 - static
Web 2.0 - collaboration
Web 3.0 - CORRECT ANSWER Based on "intelligent" Web applications using natural language
processing, machine-based learning and reasoning, and intelligence applications
Web 4.0 - CORRECT ANSWER the web gives consumers access to thousands of apps and makes the
ability to use their smartphones and tablets to access brands anywhere and anytime a necessity
Software As A Service (SaaS) - CORRECT ANSWER A form of cloud computing where a firm subscribes to
a third-party software and receives a service that is delivered online.
