A Good Information System Can Allow a Firm to

question 36

Multiple Choice

A good information system can allow a firm to

• A) gain competitive advantage.
• B) reduce costs.
• C) increase productivity.
• D) increase customers.
• E) reduce turnover

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Definitions:

Indeterminate

This term signifies a situation or outcome that cannot be precisely determined or established, often because of incomplete information.

Identical Cost Structures

Situations where businesses or projects have the same types and amounts of costs.

Profit-maximizing Output

The level of production at which a company achieves the highest possible profit, where marginal revenue equals marginal cost.

Five Forces Model

A framework developed by Michael E. Porter used to analyze an industry's competitive forces and to shape organization’s strategy accordingly.