SDSU - MIS 180 Exam 1 with 99 Questions
and Answers 2025
What factors are used to appraise supplier power? -
✔️- number of suppliers
- size of suppliers
- uniqueness of services
- availability of substitute products
How can the supplier influence the industry if supplier power is high? -
✔️- charging higher prices
- limiting quality or services
- shifting costs to industry participants
When is the threat of substitute products or services high vs. low? -
✔️high when there are many alternatives to a product or service and low when there are few
alternatives from which to choose
When is the threat of new entrants high vs. low? -
✔️High when it is easy for new competitors to enter a market and low when there are significant
entry barriers
What is an entry barrier? -
✔️A feature of a product or service that customers have come to expect and entering competitors
must offer the same for survival
When is rivalry among existing competitors high vs. low? -
✔️High when competition is fierce in a market and low when competitors are more complacent
What is product differentiation? -
✔️Occurs when a company develops unique differences in its products or services with the intent to
influence demand
, What are the three generic business strategies for entering a new market? -
✔️1. broad cost leadership
2. broad differentiation
3. focused strategy
What is the business process? -
✔️A standardized set of activities that accomplish a specific task, such as a specific process
What is the value chain analysis? -
✔️Views a firm as a series of business processes that each add value to the product or service
What are primary value activities? -
✔️- inbound logistics
- operations
- outbound logistics
- marketing and sales
- service
What is a fact? -
✔️the confirmation or validation of an event or object
What are the core drivers of the information age? -
✔️1. data
2. information
3. business intelligence
4. knowledge
What is the information age? -
✔️the present time, during which infinite quantities of facts are widely available to anyone who can
use a computer
and Answers 2025
What factors are used to appraise supplier power? -
✔️- number of suppliers
- size of suppliers
- uniqueness of services
- availability of substitute products
How can the supplier influence the industry if supplier power is high? -
✔️- charging higher prices
- limiting quality or services
- shifting costs to industry participants
When is the threat of substitute products or services high vs. low? -
✔️high when there are many alternatives to a product or service and low when there are few
alternatives from which to choose
When is the threat of new entrants high vs. low? -
✔️High when it is easy for new competitors to enter a market and low when there are significant
entry barriers
What is an entry barrier? -
✔️A feature of a product or service that customers have come to expect and entering competitors
must offer the same for survival
When is rivalry among existing competitors high vs. low? -
✔️High when competition is fierce in a market and low when competitors are more complacent
What is product differentiation? -
✔️Occurs when a company develops unique differences in its products or services with the intent to
influence demand
, What are the three generic business strategies for entering a new market? -
✔️1. broad cost leadership
2. broad differentiation
3. focused strategy
What is the business process? -
✔️A standardized set of activities that accomplish a specific task, such as a specific process
What is the value chain analysis? -
✔️Views a firm as a series of business processes that each add value to the product or service
What are primary value activities? -
✔️- inbound logistics
- operations
- outbound logistics
- marketing and sales
- service
What is a fact? -
✔️the confirmation or validation of an event or object
What are the core drivers of the information age? -
✔️1. data
2. information
3. business intelligence
4. knowledge
What is the information age? -
✔️the present time, during which infinite quantities of facts are widely available to anyone who can
use a computer
