An Example of a Business Using Information Systems to Create

question 56

Multiple Choice

An example of a business using information systems to create new products and services is

• A) Wal-Mart's RetailLink system.
• B) the Mandarin Oriental hotel's customer-preference tracking system.
• C) Verizon's Web-based digital dashboard.
• D) Apple Inc.'s iPod.

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Definitions:

Horizontal Restraint

involves agreements among competitors operating at the same level of the market or supply chain to limit competition or manipulate market conditions.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or internationally.

Price Fixing

An illegal practice where competing companies agree on selling prices of their products or services, rather than allowing market forces to set them.

Price Discrimination

A practice of charging different prices to different customers for the same product or service, where such differences are not justified by differences in cost.