How Are Information Systems Used at the Industry Level to Achieve

question 35

Multiple Choice

How are information systems used at the industry level to achieve strategic advantage?

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

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Definitions:

Power Distance

A cultural dimension that describes the extent to which individuals in a society accept and expect power to be distributed unequally.

Sense of Individualism

A philosophy or social outlook that emphasizes the moral worth of the individual.

Global Leadership Skills

The ability to exercise effective leadership in a variety of countries.

Societal Hierarchy

A structured ranking within a society where individuals or groups are placed at various levels based on status, power, or authority.