The Strategic Planning Process for an Information Technology Organization and the Factors

question 44

Multiple Choice

The strategic planning process for an information technology organization and the factors that influence it depend on:

• A)how the organization is perceived by the rest of the organization.
• B)the amount of autonomy granted to the lower-level units.
• C)the leadership style and capabilities of the managers in charge of each unit.
• D)how the organization sets its strategies and objectives.

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Definitions:

Natural Monopoly

A market condition where the most efficient scale of production is achieved when a single firm supplies the entire market due to high fixed or start-up costs.

Price Discrimination

A pricing strategy where a firm sells the same product at different prices to different groups of consumers.

Monopoly Power

The ability of a firm to control market prices and output levels, typically due to the lack of significant competition.

Elasticities of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage.