Mgt 2210 - Study guides, Class notes & Summaries

Which describes a company that watches a pioneer's efforts with a product or service, learns from their competitor's successes and missteps, then enters the market quickly with a comparable or superior product at a lower cost? A)agile competitor B)nimble nemesis C)fast follower D)quick imitator fast follower In terms of resources that firms may exploit in order to sustain a competitive advantage, which does not belong on this list of characteristics? A)tough to imitate B)valuable C)nonsubstitut...

structured not a characteristic of Big Data unstructured data what kind of data are often too big and costly to easily work through use of conventional databases? tactical information system info system that support the day-to-day operations of the firm customer's address data may be recorded many times in different systems what is a consequence of the duplication of data in older IS? data raw and unorganized facts converts values into binary how does encoding convert values for storing da...

CMGT 2210 Midterm- Panthi Questions And Answers 100% Correct Fine aggregates. What sieve can they pass through Correct Answer: passes through #4 sieve, and makes up 35-45% of total aggregates Coarse aggregates...what sieve can they pass through Correct Answer: retained on #4 sieve Which shape packs more closely and has fewer voids? Round or angular particles? Correct Answer: rounded particles pack more closely and have fewer voids Which shape packs more closely and has fewer voids? ...

product-market fit - ANS-key concept in entrepreneurship and new product development that conveys the degree to which a product satisfies market demand. Successful efforts should be desired by customers, and scale into large, profitable businesses. switching cost - ANS-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. data asset - ANS-Competitive adv...

Administrative Management Theory how management and workers are organized within a business to allow for the completion of the task. Henri Foil () Father of the administrative management theory Wrote a book in 1916 where he created his 14 principles of management Frederick Taylor Created the Pig Iron Experience which combined scientific methods and tools with management principles. Adam Smith Father of the invisible hand theory. Foundation of capitalism in a free market. Believes the governme...

CMGT 2210 Midterm- Panthi Questions And Answers 100% Correct

SDK - Software development kit. Tools that allow the creation of products or add-ons for a specific operating system or other computing platform. API - Programming hooks, or guidelines, published by firms that tell other programs how to get a service to perform a task such as send or receive data. For example, A provides APIs to let developers write their own applications and websites that can send the firm orders. IPO - Initial public stock offering, the first time a firm makes shares...

Blockchain - A distributed and decentralized ledger that records and verifies transactions and ownership, making it difficult to tamper with or shut down. Miners - Provide verification and time-stamping of transactions in a blockchain. What about bitcoin makes it less useful as a currency? - Its volatility Compliance - Ensuring that an organization's systems operate within required legal constraints, and industry and organizational obligations. Integrated Development Environment - Used ...

A firm's ________ is the symbolic embodiment of all the information connected with a product or service. - Brand Most successful firms typically leverage a single key resource for competitive advantage to create lasting, above-average industry profits. - False The term _______________ refers to leveraging consumers to promote a product or service. - viral marketing Businesses benefit from economies of scale when the cost of an investment can be spread across increasing units of operat...

MGT 2210 C ISDT Syllabus 2019 Fall