Your boss, Penny Dirks, has asked you to analyze the airline industry using Porter’s three generic strategies. Which of the following companies are using a focused strategy?

Your boss, Kerry Miller, has asked you to analyze the soft drink industry using Porter’s Five Forces Model. Which of the following represents a threat of a new entrant in the soft drink industry?

Which of the following analyzes a company’s business processes and is useful for determining how to create the greatest possible value for customers?

Descriptive analytics is the scientific process of transforming data into insight for making better decisions.

Prescriptive analytics use techniques that create models indicating the best decision to make or course of action to take.

A stakeholder is a person or group that has an interest or concern in an organization. Stakeholders drive business strategies, and depending on the stakeholder’s perspective, the business strategy can change.

Successful companies today operate cross-functionally, integrating the operations of all departments.

The business decisions made by the finance department include investment data, monetary data, and reporting data.

The chief intellectual property officer (CIPO) is responsible for collecting, maintaining, and distributing the organization’s knowledge.

The chief privacy officer is responsible for ensuring the ethical and legal use of information within a company.