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What is the buying and selling of goods and services over the internet?
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What are four primary drivers of supply chain management?
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Facilities
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Invisibility
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Transportation
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Business Intelligence
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Inventory
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Information
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What are the 3 primary components an organisation should consider when determining its facilities strategy?
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Capacity
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Transport
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Location
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Route
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Cost
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Operational design
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Safety inventory is:
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How many Core ERP Components are there?
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How many Extended ERP Components are there?
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Sensitivity Analysis:
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Two of the most important aspects of supply chain management are:
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procurement
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visibility
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ERP
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logistics
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Acronym for the 5 characteristics of high quality information:
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A competitive advantage is
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context independent
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context dependent
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How many e-business models are there?
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Cluster Analysis, Association Detection, and Statistical Analysis are all forms of data-mining
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SRM, PRM, and ERM are the 3 current CRM trends
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ERP stands for Enterprise Recency Planning
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Knowledge workers are:
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Knowledge workers use BI along with personal experience to make decisions based on both information and intuition, a valuable resource for any company.
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Define information system (IS)
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An information system (IS) can be any organized combination of people, hardware, communication networks, data resources, and polices and procedures that stores, retrieves, transforms, and disseminates information in an organisation.
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An information system (IS) can be any organized combination of people, hardware, software, communication networks, data resources, and polices and procedures that retrieves, transforms, and disseminates information in an organisation.
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An information system (IS) can be any organized combination of people, hardware, software, communication networks, data resources, and polices and procedures that stores, retrieves, transforms, and disseminates information in an organisation.
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An information system (IS) can be any organized combination of people, software, communication networks, data resources, and polices and procedures that stores, retrieves, transforms, and disseminates information in an organisation.
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Potential harms of IT are:
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accurate information
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privacy
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inaccurate information
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infringements on privacy
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collusion
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What is an open system?
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IS specialists are :
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Set of operating instructions for computers:
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sets of information processing instructions that people need:
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First-mover advantage:
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Apple iPod
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occurs when a company can significantly decrease its market share by being first with a new competitive advantage
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occurs when a company can significantly increase its market share by being first with a new competitive advantage
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occurs when a company can significantly increase its market share by being second with a new competitive advantage
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Managers use 3 common tools to analyse competitive intelligence and develop competitive advantages including:
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Porter's Five Forces Model
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Porter's Two Generic Strategies
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Porter's Three Generic Strategies
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Value Chain Analysis
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Value Analysis
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costs that make customers reluctant to switch to another product or service
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only include financial values
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include financial as well as intangible values
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changing doctors
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only include intangible values
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2 ways of reducing buyer power are:
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What are 2 ways a company reduce the threat of substitute products?
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offering no additional value
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offering additional value through wider distribution
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offering no add-on services making the substitute product less of a threat
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offering a low quality product
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offer various add-on services making the substitute product less of a threat
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Product differentiation can be used to reduce rivalry among existing competitors
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The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself, with a cost advantage or product differentiation
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What is the acronym you created for the Information Systems Description Framework?
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GEEII
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GIIEEv
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GEEvIIv
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GEEEI
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GEvEIvI
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The two primary components of a CRM strategy are (i) Operational CRM, and (ii) Analytical CRM.
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Operation CRM: processing for day-to-day front office operations or systems that deal directly with the customers.
Analytical CRM: supports back-office operations and strategic analysis and includes all systems that do not deal directly with the customers.
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Analytical CRM: processing for day-to-day front office operations or systems that deal directly with the customers.
Operational CRM: supports back-office operations and strategic analysis and includes all systems that do not deal directly with the customers.
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The primary difference between operational CRM and analytical CRM is the degree of direct interaction between the organisation and its customers.
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Cache memory that is built directly into the CPU's circuit is called
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secondary cache
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primary cache
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Cache memory contained on an external circuit is called
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secondary cache
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primary cache
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Random Access Memory (RAM) is
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Read-Only Memory (ROM) is
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Primary forces driving the explosive growth of CRM are:
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Core ERP components are:
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Extended ERP components
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SCM
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BI
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Accounting and Finance
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CRM
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HR
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Ebusiness
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A ________ is a standard that specifies the format of data as well as the rules to be following during transmission.
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The most popular network _________ used are Ethernet and __________
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protocols, TCP/IP
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routers, extranet
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An IP address is a unique ________ number that identifies the location of a computer on a network
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64-bit
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12-bit
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32-bit
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44-bit