Chapter 16: Exploring Business Technology Flashcards Preview

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Flashcards in Chapter 16: Exploring Business Technology Deck (47)
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1

provides a business quicker and more accurate access to info regarding their buyers needs

technology

2

helps companies deliver on their promises and provide customer service

techonlogy

3

an example of using technology for decision making is

planning operations

4

the cost of licensing content eats up ____ of revenue and will only increase

50%

5

managers seek out ____ that can better help them serve customers

insights

6

insights may come from sources such as:

internal company records, market research, news or analysis of competitors

7

a technology system that provides managers and employees with info they need to perform their jobs as effectively as possible

management information system (MIS)

8

the goal of technology is to ensure that:

the right people have the right info at the right time

9

2 benefits of MIS

1. huge amounts of data can be processed quickly
2. info can be distributed to manager and employees automatically

10

the specific type of info managers need usually depends on their

work functions

11

manager work functions:

financials, operations, marketing, and HR

12

3 primary functions of an MIS

collect data, process data, and present data

13

a type of computer usage in which services stored on the Internet are provided to users on a temporary basis

cloud computing

14

employees access the MIS using the company's

internal computer network

15

the internal computer network helps

keep data secure

16

makes collaboration easier, provides access to a wider range of tools for storing and processing data, and reduces IT costs

cloud computing

17

used to describe all of a business' activities to support a healthy environment

green IT

18

the emergence of worked computers and databases enabled increased use of

management information systems

19

the growth of _____ increases our choices and gives us new options for acquiring goods/services we need

online business

20

the growth of online business

saves time and money

21

6 common business models for leveraging the connectivity provided by today's technology

online-only retailing, click-and mortar retailing, business-to-business procurement, advertising-based model, fee-based content, and fee-based platform

22

an online b.m where the company was conceived from the outset to sell online

online-only retailling

23

an online b.m where traditional brick-and-mortar retailers sell online aswell

click-and-mortar retailing

24

an online b.m where companies move their supply chain ordering processes online

business-to-business procurement

25

an online b.m where content or functionality is offered to users for free and the company sells advertising to generate revenue

advertising-based model

26

an online b.m where sites charge a fee for access to news, etc.

fee-based content

27

an online b.m where companies offer users functionality or connectivity in exchange for a fee

fee-based platform

28

can decrease costs and ensure greater accuracy than older methods of ordering

business-to-business procurement

29

offer content or functionality that attracts a large user base, and then sell advertisers the opportunity to communicate with that user base

advertising-based model ex: Facebook

30

example: Netflix provides access to movies for a monthly fee

fee-based content