Which of the Following Is One of the Three Critical

question 24

Multiple Choice

Which of the following is one of the three critical questions that a firm needs to address to sustain a competitive advantage through information technology?

• A) Is the information technology simple enough for the firm's workers to adapt to it?
• B) Is it easy to integrate the new information technology with the technology already being used by the firm?
• C) Is it difficult for another company to create or buy the information technology used by the firm?
• D) Is the company using ethical procedures to implement the information technology?

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Definitions:

Utility Function

A mathematical representation of a consumer’s preference, showing the amount of satisfaction or utility derived from consuming various bundles of goods and services.

Perfect Complements

Pair of goods that are consumed together in fixed proportions because the consumption of one good enhances the consumption of the other.

Indifference Curves

Graphical representations of different bundles of goods between which a consumer is indifferent, meaning the consumer has no preference for one combination over the other as both provide equal utility.

Formula

A concise way of expressing information symbolically, as in a mathematical or chemical formula.