Define service-oriented architecture. Why would a company want to implement this architecture?
What will be an ideal response?
Service-oriented architecture is a software architecture in which business processes are broken down into individual components (or services) that are designed to achieve the desired results for the service consumer (which can be either an application, another service, or person. Using SOA, business processes are broken down into individual components (or services) that are designed to achieve the desired results for the service consumer (which can either be an application, another service, or a person). By breaking down business processes into individual services, organizations can more swiftly react to changing business needs.
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Which of the following statements regarding competitive parity and competitive advantage is accurate?
A) Some firms develop valuable, rare, and costly-to-imitate resources and capabilities in being efficient second movers, that is, in rapidly imitating and improving on the product and technological innovations of other firms. B) Firms that benchmark their performance against the performance of successful competitors can expect to develop at least a temporary competitive advantage. C) Firms must be first movers to gain competitive advantages. D) Even if all a firm does is create value in the same way as its competitors, the firm can expect to earn at least a temporary competitive advantage.
To terminate an insurance policy by failing to make the required premium payments is known as forfeiting.?
Indicate whether the statement is true or false