In the Context of Using Information Technology for a Competitive

question 29

Multiple Choice

In the context of using information technology for a competitive advantage,identify a true statement about bottom-line strategy.

• A)It focuses on improving efficiency by reducing overall costs.
• B)It focuses on generating new revenue by offering new products and services.
• C)It focuses on enhancing rivalry among existing competitors.
• D)It focuses on helping different market segments achieve a cost advantage.

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Definitions:

Phillips Curves

A graphical representation indicating the inverse relationship between the rate of unemployment and the rate of inflation in an economy.

Expected Inflation

The anticipated rate at which the general level of prices for goods and services will rise over a period.

High Inflation

A situation where there is a sustained, rapid increase in the general price level of goods and services in an economy over a period, eroding purchasing power.

High Unemployment

A condition where a large portion of the workforce is not employed, indicating a distressed economy.