Is535 Wk2 Homework

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Wal-Mart's continuous replenishment system illustrates a tactical use of information services for: (Points : 2) Low-cost leadership Product differentiation Focusing on market niche Strengthening customer intimacy

2. When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a: (Points : 2) Product differentiation strategy Market niche strategy Mass customization strategy Process efficiency strategy

3. To what competitive force did the printed encyclopedia industry succumb? (Points : 2) Positioning and rivalry among competitors Low cost of entry Substitute products or services Customer's bargaining power

4. Which industries did the first wave of e-commerce transform? (Points : 2) Air travel, books, bill payments Air travel, books, music Real estate, air travel, books Real estate, books, bill payments

5. Benchmarking: (Points : 2) Compares the efficiency and effectiveness of your business processes against strict standards. Allows industry participants to influence industry-wide standards. Is used to measure the speed and responsiveness of information technology. Synchronizes the business processes of customers, suppliers, and trading partners.

6. Network economics: (Points : 2) Applies the law of diminishing returns to communities of users. Applies traditional economics to networked users. Sees the cost of adding new members as inconsequential. Balances the high cost of adding new members to a community against the lower cost of using network infrastructure.

7. Which of the following is not a recent development in e-commerce? (Points : 2) Growth of wireless Internet connections.…...

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