ISA 235 Exam 1 Farrag |43 Questions with Solutions
Internet of Things - -describes a system in which everyday objects are connected to the
internet and in turn are able to communicate information throughout an interconnected
system.
-Big Data - -A collection of large, complex data sets, including structured and unstructured
data, which cannot be analyzed using traditional database methods and tools
-structured data - -Sensor data, Weblog data, Financial data, Click-stream data, Point of
sale data, Accounting data
-unstructured data - -Satellite images, Photographic data, Video data, Social media data,
Text message,
-Competitive advantage - -A product or service that an organization's customers place a
greater value on than similar offerings from a competitor.
-SWOT analyis - -evaluates an organization's strengths, weaknesses, opportunities, and
threats to identify significant influences that work for or against business strategies
-Value Chain Analysis - -Views a firm as a series of business processes that each add value
to the product or service This includes Inbound Logistics, Operations, Outbound Logistics,
Marketing and Sales, Service.
-3 generic strategies - -Porter's chain analysis contains cost leadership, differentiation,
and focused strategy.
Cost Leadership uses Low-Cost items but has a broad selection of these items appealing to
a lot of people (WALMART)
Differentiation: Competes with a wide selection of products that are at a higher cost.
(NEIMAN MARCUS)
Focused Strategy: They have a Narrow Market and they can compete on a expensive or not
expensive basis. TIFFANY & CO - PAYLESS)
-artificial intelligence - -Simulates human intelligence such as the ability to reason and
learn
-Deep Web - -Invisible web; the area of the web generally not accessible by search tools
-Dark Web - -Internet content that can't be indexed by Google and other search engines.
Internet of Things - -describes a system in which everyday objects are connected to the
internet and in turn are able to communicate information throughout an interconnected
system.
-Big Data - -A collection of large, complex data sets, including structured and unstructured
data, which cannot be analyzed using traditional database methods and tools
-structured data - -Sensor data, Weblog data, Financial data, Click-stream data, Point of
sale data, Accounting data
-unstructured data - -Satellite images, Photographic data, Video data, Social media data,
Text message,
-Competitive advantage - -A product or service that an organization's customers place a
greater value on than similar offerings from a competitor.
-SWOT analyis - -evaluates an organization's strengths, weaknesses, opportunities, and
threats to identify significant influences that work for or against business strategies
-Value Chain Analysis - -Views a firm as a series of business processes that each add value
to the product or service This includes Inbound Logistics, Operations, Outbound Logistics,
Marketing and Sales, Service.
-3 generic strategies - -Porter's chain analysis contains cost leadership, differentiation,
and focused strategy.
Cost Leadership uses Low-Cost items but has a broad selection of these items appealing to
a lot of people (WALMART)
Differentiation: Competes with a wide selection of products that are at a higher cost.
(NEIMAN MARCUS)
Focused Strategy: They have a Narrow Market and they can compete on a expensive or not
expensive basis. TIFFANY & CO - PAYLESS)
-artificial intelligence - -Simulates human intelligence such as the ability to reason and
learn
-Deep Web - -Invisible web; the area of the web generally not accessible by search tools
-Dark Web - -Internet content that can't be indexed by Google and other search engines.
