ITEC Exam 1 Questions and Answers
(Latest Update 2026)
People, Processes and Systems -
correct answer ✅People on their own have to do work. Process
helps people do better work. Technology helps people do faster,
more innovative work.
Data vs Information -
correct answer ✅Data are raw, unprocessed facts. Information is
processed and organized data that is made useful.
Porter's 5 Force Model -
correct answer ✅Explains industry competitive analysis: how
competitive you are within the industry, how competitive that
industry is. The forces are:
- Potential New Entrants
- Power of Buyers
- Power of Supplies
- Threat of Substitutes
- Competition
Fast Follower Problem -
correct answer ✅When a new product comes into the market,
others can quickly come out with new and improved versions of it.
, ITEC Exam 1 Questions and Answers
(Latest Update 2026)
Zara -
correct answer ✅Has a competitive advantage because of its
centralized supply chain. All manufacturing is done in Spain, and
they do not advertise, which cuts costs by a lot. Also uses Personal
Digital Assistant and POS System which keeps track of customer
data.
Vertically Integrated -
correct answer ✅When a single firm owns several layers in its
value chain.
Moore's Law -
correct answer ✅Chip performance per dollar doubles every 18
months. Possible because distance between pathways inside silicon
cups gets smaller with each successive generation. In 18 months,
computer will be worth 50% more than what it's worth today.
Internet of Things -
correct answer ✅A vision where low-cost sensors, processors, and
communication are embedded into an array of products and our
environment, allowing a vast network to collect data, analyze input,
and automatically coordinate collective action.
(Latest Update 2026)
People, Processes and Systems -
correct answer ✅People on their own have to do work. Process
helps people do better work. Technology helps people do faster,
more innovative work.
Data vs Information -
correct answer ✅Data are raw, unprocessed facts. Information is
processed and organized data that is made useful.
Porter's 5 Force Model -
correct answer ✅Explains industry competitive analysis: how
competitive you are within the industry, how competitive that
industry is. The forces are:
- Potential New Entrants
- Power of Buyers
- Power of Supplies
- Threat of Substitutes
- Competition
Fast Follower Problem -
correct answer ✅When a new product comes into the market,
others can quickly come out with new and improved versions of it.
, ITEC Exam 1 Questions and Answers
(Latest Update 2026)
Zara -
correct answer ✅Has a competitive advantage because of its
centralized supply chain. All manufacturing is done in Spain, and
they do not advertise, which cuts costs by a lot. Also uses Personal
Digital Assistant and POS System which keeps track of customer
data.
Vertically Integrated -
correct answer ✅When a single firm owns several layers in its
value chain.
Moore's Law -
correct answer ✅Chip performance per dollar doubles every 18
months. Possible because distance between pathways inside silicon
cups gets smaller with each successive generation. In 18 months,
computer will be worth 50% more than what it's worth today.
Internet of Things -
correct answer ✅A vision where low-cost sensors, processors, and
communication are embedded into an array of products and our
environment, allowing a vast network to collect data, analyze input,
and automatically coordinate collective action.
