ICSAN MIS Practice Questions - ICSAN Pre-Professional - Management Information System Exam

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In Porter's Five Forces Model, how can a firm use a Management Information System (MIS) to raise barriers to entry for new competitors?

By reducing the switching costs for existing customers By increasing the bargaining power of buyers through open data access By deploying proprietary technology that locks in customers and creates high setup costs for new entrants By encouraging suppliers to diversify their customer base using open protocols

Correct Answer:

By deploying proprietary technology that locks in customers and creates high setup costs for new entrants

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