IFSM 300 All Weeks Quizzes 1 -8
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IFSM 300 Quiz 1
Question 1 1 / 1 point
Which of the following is defined as the ability of customers to drive down the price of goods and services?
A) supplier power
B) buyer power or the bargaining power of customers
C) rivalry among competitors
D) threat of price reduction
Question 2 1 / 1 point
Are there any direct variables that have no effect on a business' competitive position?
Question 3 1 / 1 point
Which of the following are components of an information system? (select all that apply)
Question 4 1 / 1 point
According to the Five Forces Model developed by Harvard Business professor Michael Porter, all of the following are major factors that determine a company’s standing in an industry, except for which one?
A) Threat of entry of new competitors
B) Political and/or economic factors
C) Bargaining power of suppliers
D) Threat of substitute products/services
Question 5 1 / 1 point
True or false: Early research could not draw
any connections between IT and profitability, but later research has shown that the impact can be positive.
Question 6 1 / 1 point
Web 2.0 is exemplified by which of the following? (select all that apply)
B) online purchasing
C) social networking
D) interactive comments
Question 7 1 / 1 point
In a business like Walmart, which of the following groups of variables has the most impact on their competitive position?