Chapter 2: Mgmt Questions And Answers 100% Verified A+ Guaranteed

Orange, an online-gaming site, has millions of users. The site has many games which pit users against each other. The relative standing of each user is presented in the form of an elaborate ranking system for each game. Users pride themselves on gaining the highest points and the highest rank possible. This rise in user participation has increased the value of Orange significantly. This is an example of ________. {Ans: network effects}Which of the following is essential if an organization has to follow a low-cost leadership strategy? {Ans: relentless search for ways to reduce operating expenses}Which of the following is a useful benchmark for information systems? {Ans: the amount of IT spending per employee in an organization}E-government involves ________. {Ans: efforts to make unclassified information available to citizens online}Which of the following statements describes the product differentiation strategy? {Ans: adding special features to a product for which customers are willing to pay more}T/F: Creative destruction refers to an innovation that fails miserably and leads to huge losses within the industry. {Ans: False}