ITSS 3300 Exam 1 Practice Questions and
Answers
What is the purpose of an information system? - ANSWER-To automate/execute a process that
spans across multiple functional units in a seamless and integrated fashion.
Information systems are used to make the functions within a business more effici...
Three core business processes: - ANSWER✔✔-- Procurement
- Fullfillment
- Production
Threat of new entry: - ANSWER✔✔-- Time and cost of entry
- Specialist knowledge
- Economies of scale
- Cost advantages
- Technology
- Barriers to entry
Competitive rivalry: - ANSWER✔✔-- Number of competitors
- Quality of differences
- Switching costs
- Customer loyalty
- Costs of leaving market
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