Information Systems Can Be Used at the Industry Level to Achieve

question 10

Multiple Choice

Information systems can be used at the industry level to achieve strategic advantage by:

• A)building industrywide,IT-supported consortia and symposia.
• B)raising the bargaining power of suppliers.
• C)encouraging the entry of new competitors.
• D)enforcing standards that reduce the differences between competitors.
• E)decreasing switching costs.

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Definitions:

Theory Of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—both to oneself and to others, and to understand that others have beliefs, desires, and intentions that are different from one's own.

Head Start Program

A system within the United States aimed at delivering broad early childhood educational, healthcare, nutritional, and parental participation support to underprivileged children and their families.

Benefits

Advantages or favorable effects resulting from a specific action or condition.

Vygotsky

A psychologist known for his work on socio-cultural theory, emphasizing the importance of social interaction in cognitive development.