Mid-Term Exam On It Management

Mid-Term Exam ITNameInstitutional affiliation Mid-Term Exam ITQuestion 1Low-cost Leadership.This strategy aims at achieving low cost relatively to the firm's competitors. The information system can be used to acquire the lowest operational cost and as a consequence lower price of products. For instance incorporating an efficient customer response system in the company to directly link behavior of clients to distribution, production, and supply chain and help lower distribution and inventory cost.Product Differentiation.Utilization of information system technology can enhance new goods and services, and substantially change the convenience of clients in utilizing the current services and products. For instance use of mass customization( computer-aided manufacturing system to customize output) reduces manpower and increase the quality of goods product.Focus on the market niche. The information system can be used to concentrate marketing strategy to a particular place and narrow the focus to the intended customers allowing the business to serve them in a better way than other competitors. It achieves these through the production and analysis of information through finely tuned marketing techniques and sales (Shapiro & Varian, 2013). For instance, a customer information system with detailed data about customers can be