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IFSM 300 Quiz 1 Questions And Answers Latest Update $15.99
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IFSM 300 Quiz 1 Questions And Answers Latest Update

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IFSM 300 Quiz 1 Questions And Answers Latest Update

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  • October 24, 2024
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  • 2024/2025
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IFSM 300 Quiz 1 Questions And Answers Latest
Update

According to the Five Forces Model developed by Harvard Business
professor Michael Porter, all of the following are major factors that
determine a company's standing in an industry, except for which one?
ANS✔✔ Threat of entry of new competitors

Bargaining power of suppliers

POLITICAL and/or economic factors

Threat of substitute products/services



Which of the following are critical in today's business world? (select all that
apply) ANS✔✔ Ability to identify business opportunities that can be
supported by information technology.

Identifying how an information system can provide competitive advantage

Understanding how organizations translate their high-level mission into
specific objectives and align with technology solutions

Understanding how businesses use technology for strategic advantage



True or false: Highly qualified vendors, consultants, and IT departments are
the most important elements for the successful implementation of
enterprise technologies. ANS✔✔ False



Identify the correct sequence of events in organizational strategic planning.
ANS✔✔ Mission, Environmental Analysis, Goals, Objectives

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