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:

TSX

Stands for the Toronto Stock Exchange, one of the largest stock exchanges in the world, based in Canada.

NYSE

The New York Stock Exchange, one of the largest stock exchanges in the world, where stocks are bought and sold.

Working Capital Management

The management of a company's current assets and liabilities to ensure it has sufficient cash flow to meet its short-term obligations and operating expenses.

Sole Proprietorship

A business structure wherein a single individual owns and operates the business, directly responsible for all debts, obligations, and liabilities.