100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
MIS 301 Exam 1 Question and answers 100% correct 2024 CA$20.28   Add to cart
Quickly navigate to
Preview
  2.  
  3. MIC 301
  4.  
  5. MIC 301

Exam (elaborations)

MIS 301 Exam 1 Question and answers 100% correct 2024
 12 views  0 purchase
  • Course
  • MIC 301
  • Institution
  • MIC 301

MIS 301 Exam 1 Question and answers 100% correct 2024 IPO - correct answer Initial public offering, a corporation's first offer to sell shares to the public Internet of Things - correct answer A vision where low-cost sensors, processors, and communication are embedded into a wide array of pr...

[Show more]

Preview 3 out of 18  pages

Document information

  • August 27, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mis 301 exam 1
  • mis 301 exam 1 question and answers 100 correct 2

Written for

  • MIC 301
  • MIC 301

Seller

avatar-seller
flyhigher329

Reviews received

Content preview

MIS 301 Exam 1
IPO - correct answer ✔Initial public offering, a corporation's first offer to sell
shares to the public


Internet of Things - correct answer ✔A vision where low-cost sensors,
processors, and communication are embedded into a wide array of products
and our environment, allowing a vast network to collect data, analyze input,
and automatically coordinate collective action.


Sarbanes-Oxley Act - correct answer ✔Also known as Sarbox or SOX; U.S.
legislation enacted in the wake of the accounting scandals of the early 2000s.
The act raises executive and board responsibility and ties criminal penalties to
certain accounting and financial violations. Although often criticized, SOX is
also seen as raising stakes for mismanagement and misdeeds related to a
firm's accounting practices.


sustainable competitive advantage - correct answer ✔Financial performance
that consistently outperforms industry averages.


Operational Effectiveness - correct answer ✔Performing the same tasks
better than rivals perform them


Commodity - correct answer ✔A basic good that can be interchanged with
nearly identical offerings by others—think milk, coal, orange juice, or to a
lesser extent, Windows PCs and Android phones. The more commoditized an
offering, the greater the likelihood that competition will be based on price.


Fast Follower Problem - correct answer ✔Exists when savvy rivals watch a
pioneer's efforts, learn from their successes and missteps, then enter the

,market quickly with a comparable or superior product at a lower cost before
the first mover can dominate.


Augmented Reality - correct answer ✔A technology that superimposes
content, such as images and animation, on top of real-world images.


Strategic Positioning - correct answer ✔Performing different tasks than
rivals, or the same tasks in a different way.


Inventory Turnover - correct answer ✔Sometimes referred to as inventory
turnover, stock turns, or stock turnover. It is the number of times inventory is
sold or used during a given period. A higher figure means that a firm is selling
products quickly


Straddling Markets - correct answer ✔Attempts to occupy more than one
position, while failing to match the benefits of a more efficient, singularly
focused rival.


Resource-Based view of Competitive Advantage - correct answer ✔The
strategic thinking approach suggesting that if a firm is to maintain sustainable
competitive advantage, it must control an exploitable resource, or set of
resources, that have four critical characteristics. These resources must be (1)
valuable, (2) rare, (3) imperfectly imitable, and (4) nonsubstitutable.


dense wave division multiplexing (DWDM) - correct answer ✔A technology
that increases the transmission capacity (and hence speed) of fiber-optic
cable. Transmissions using fiber are accomplished by transmitting light inside
"glass" cables. In DWDM, the light inside fiber is split into different
wavelengths in a way similar to how a prism splits light into different colors.

, Imitation-Resistant Value Chain - correct answer ✔A way of doing business
that competitors struggle to replicate and that frequently involves technology
in a key enabling role.


Value Chain - correct answer ✔The set of activities through which a product
or service is created and delivered to customers.


Brand - correct answer ✔The symbolic embodiment of all the information
connected with a product or service.


Viral Marketing - correct answer ✔Leveraging consumers to promote a
product or service.


scale advantages - correct answer ✔advantages related to size


Economies of Scale - correct answer ✔When costs can be spread across
increasing units of production or in serving multiple customers. Businesses
that have favorable economies of scale (like many Internet firms) are
sometimes referred to as being highly scalable.


Switching Costs - correct answer ✔The cost a consumer incurs when
moving from one product to another. It can involve actual money spent (e.g.,
buying a new product) as well as investments in time, any data loss, and so
forth.


Network Effects - correct answer ✔Also known as Metcalfe's Law, or network
externalities. When the value of a product or service increases as its number
of users expands.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller flyhigher329. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$20.28. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

60904 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$20.28
  • (0)
  Add to cart