Which of the Following Illustrates the Use of Information Systems

question 50

Multiple Choice

Which of the following illustrates the use of information systems to achieve product differentiation?

• A) A hot tub dealer's use of information systems to determine which models and options its customers are most likely to buy
• B) A shoe manufacturer's use of information systems in selling custom, made-to-order shoes directly to customers
• C) A PC manufacturer's use of information systems to facilitate direct access from suppliers to production schedules
• D) A grocery store chain's use of information systems to produce products and services at a lower price than competitors
• E) A hotel chain's use of information systems to analyze detailed data on guests to determine each guest's profitability

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Definitions:

Aggregate Supply

The aggregate amount of products and services created in an economy at a specific price level during a particular time frame.

Adverse Supply Shock

An unexpected event that suddenly decreases the supply of a product or service, resulting in increased prices and reduced quantity.

Prices

The amount of money required to purchase a good, service, or asset, often influenced by supply and demand.

Short-run

A period in which at least one factor of production is fixed, limiting the ability of a business to fully adjust to market changes.