Which of the Following Is a Way That IT Contributes

question 46

Multiple Choice

Which of the following is a way that IT contributes to the robustness of core competences?

• A) By facilitating communications
• B) By codifying and automating business systems
• C) By embedding the competences in the way the organisation works as tacit knowledge leading to causal ambiguity
• D) By developing automated systems which are easy to understand

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Definitions:

Maximizes Profit

The strategy or process implemented to increase the difference between total revenue and total costs to the highest possible amount.

Marginal Revenue

Income gained by selling an additional unit of a product or service.

Marginal Cost

The increased expenditure incurred from producing one more unit of a product or service.

Demand Curve

A visual diagram that illustrates how the quantity of a product demanded by buyers correlates with its price.