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Q1: How can Internet technologies help a business form strategic alliances with its customers, suppliers, and others? Q2: Explain how information technology can be used to implement the five basic competitive strategies. Support your answer with examples covering each strategy. Q3: Using your own words, Explain how could companies apply "Raise Barriers to Entry" concept to discourage or delay other companies from entering the market. Q4: What is the basic difference between direct and sequential memory access? Elaborate two basic points for each type of memory access. Give one example for each type as well

Explanation / Answer

1) Information technology helps a business form strategic alliances with its customers using merges, joint ventures with other companies, acquisitions etc. These linkages help the firms and companies to form strategic alliances with customers by communicating, collaborating, and sharing information in different ways. By doing this, organizations provide better services and quality of products to their client in more effective way.

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