Week 2 5 hours Strategic Uses of Information Systems Team Members 1 2 3 4 5 6 OBJECTIVES Appreciate the importance of information systems in implementing business strategies Understand the different means of gaining competitive advantage Understand the processes involved in the creation‚ implementation and management of strategic information systems Review Questions 1. Refer to Chapter 1’s discussion of different types of information systems. Which types of ISs can gain strategic advantage
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an EOQ. Assume sales of fans and heaters increase from 11‚500 to 23‚750 units. The ordering cost for each order is $175‚ and the carrying cost per unit is $2.50 (these values will not change with the discount). The average inventory is based on EOQ/2. Each inventory has an average cost of $12.50. Cost of goods sold is equal to 60 percent of net sales; general and administrative expenses are 15 percent of net sales; and interest payments of 14 percent will only be necessary for the increase in the
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Businesses today use information systems to achieve six major objectives: operational excellence; new products‚ services‚ and business models; customer/supplier intimacy; improved decision making; competitive advantage; and day-to-day survival. 2. Define an information systems from both a technical and a business perspective. From a technical perspective‚ an information system collects‚ stores‚ and disseminates information from an organization’s environment and internal operations to support
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1. Name and describe the types of consumer products and give an example of each. How does the marketing differ for each product type? (AACSB: Communication; Reflective Thinking) There have 5 types: Convenience products: A consumer product that customers usually buy frequently‚ immediately‚ and with minimal comparision and buying effort. Ex: Cazines and candy‚ magazines and fast good. Shopping products: A consumer product that the customer‚ in the process of selecting and purchasing‚ usually compares
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Chapter 2: Aid for investment -What is the financing gap? Gap between required investment and domestic saving -Explain the Harold-Domar approach and its failings? GDP growth will be proportional to the share of investment spending in GDP. Its failings are that this model applied more to the short-run business cycle in rich countries. Also‚ he was writing in the aftermath of the Great Depression‚ thus taking high unemployment as given. -True or False. There is no relationship between aid and
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HW # 2- Quiz Chapter 2 1.Corporate Financing. How can a small‚ private firm finance its capital investments. Give two or three examples of financing sources. A small‚ private firm can finance its capital investments in financial markets and intermediaries. The intermediaries include hedge funds‚ mutual funds‚ pension funds‚ and financial institutions such as banks and insurance companies. 2.Corporate Financing. Is it possible for an individual to save and invest in a corporations without lending
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Chapter 1: the Nature of Marketing. The focus of marketing is on customers and their changing needs. Goal of marketing: long term customer satisfaction. Three conditions which must be met before the marketing concept can be applied: * Company activities should be focused on providing customer satisfaction instead of producing products. * The achievement of customer satisfaction relies on integrated effort (marketing is the responsibility of everyone in the company.) * Management must
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Q1. What are the ethical and legal issues? A1. The ethical issue is that Kent has made a game that has both a lot of violence and nudity in it. He knows that the game would be marketing sex‚ violence‚ and gambling; and he knows that all three are bad to be imbedded into a teenagers mind. When he talks to Brad about these at first he does not understand why Kent has changed his mind about this game that will make the company lots of money. Then some legal issues come into play when Brad decided
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Problem Set #3: Edited Version Page 100 – Problems and Applications 1. The three functions of money are medium of exchange‚ unit of account‚ and store of value. Medium of exchange refers to money being accepted as everyday currency‚ that you can go into a store and be confident in the fact that they will accept your money for goods and services. Store of value is defined as the ability of money to retain its value of time; in other words‚ $100 today will be $100 tomorrow‚ next month or 6
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MARKETING MANAGEMENT II Political Marketing Strategy of Jakarta Governor Election in The 20l2s Lecturer : Dr. Yulia Hendri Yeni‚ SE‚ MT‚ Ak GROUP 1: Ranti Mawardi (1210542006) Satya Laurantoni (1210524007) Ridho Liswennaldo (1210524020) Fhadeo Irwandy (1210524025) Giovanni Eka S (1210524026) MANAGEMENT DEPARTMENT FACULTY OF ECONOMIC Political Marketing Strategy of Jakarta Governor Election in the 2012s. Jokowi – Ahok has lower campaign fund than Foke – Nara. Which
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