K201 lecture - Study guides, Class notes & Summaries

K201 Lecture Exam 1 Verified Answers MIS (Management Information Systems) - The management and utilization of information systems to help organizations achieve their strategic goals. System - A collection of components that work together to achieve a specific purpose. System Thinking - The ability to model system components and connect inputs and outputs to form a coherent whole that represents the structure and dynamics of the observed phenomenon. Information System - A set of c...

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cost, differentiation, industry-wide, and focus CORRECT ANSWER porters four competitive strategies rivalry, threat of new entrants, bargaining power of suppliers, threat of substitutions, bargaining power of customers CORRECT ANSWER Porters 5 forces: 1. rivalry: for pizza in Bloomington, rivalry is strong because there are lots of different pizza places. 2. threat of new entrants: a threat is strong if it is easy to get into the market and affordable by most food trucks. it would be weak ...

MIS (management information systems CORRECT ANSWER the management and use of information systems that help businesses achieve their strategies system CORRECT ANSWER a group of components that interact to achieve some purpose information system (IS) CORRECT ANSWER a group of components that interact to produce information five-component framework CORRECT ANSWER a model of the components of an information system: computer hardware, software, data, procedures, and people Information Tec...

IU K201 LECTURE FINAL EXAM

K201 lecture exam study guide, notes, and practice problems with solutions

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FULL SUMMARY of Excel from BUS-K201 at the Kelley School of Business at Indiana University. Includes notes on Aggregate and Text functions, Data Validation, Retrieval functions, Logical functions and Loan Amortization, Nested IFs with AND and OR functions, Data Tables, Overall tips, and more.. *Essential!! *For you, at a price that's fair enough!!