How Are Information Systems Used at the Industry Level to Achieve

question 99

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 enabling companies to develop customer intimacy

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Definitions:

Implementation Phase

The stage in a project or strategy where plans are put into action and executed to achieve the intended objectives.

R and D

Research and Development, a business or government activity that involves the investment of resources in gaining new knowledge and creating new products or processes.

Implementation Phase

The stage in a project, plan, or strategy where plans are put into action or executed.

Marketing Program

A comprehensive plan that outlines the advertising, sales, and marketing efforts for a particular period to achieve specific business goals.