Exam 10: E-Commerce: Digital Markets, Digital Goods

________ describes the concept that a large group of people is better at making correct decisions than a single person.

Which of the following is not one of the unique features of e-commerce technology?

Which of the following best describes why small world theory is important to e-commerce?

The Internet shrinks information asymmetry.

An extranet that links a large firm to its suppliers and other key business partners is called a(n)

Intellectual property refers to all forms of human expression, both tangible and intangible.

The lowered costs of information storage, processing, and communication, along with the improvement of data quality, has resulted in which unique quality of e-commerce?

What methods could a portal use to generate revenue? Which do you think might be most successful, and why?

You are consulting for Lucky's, a chain of gas stations. What types of e-commerce opportunities, if any, are relevant to Lucky's? Could Lucky's make use of any Internet business models for this opportunity?

Through what channel did e-commerce first evolve?

Selling products and services directly to individual consumers via the Internet best describes

Pinterest and Kaboodle are examples of ________ shopping sites.

________ are the merchants' costs of changing prices.

Describe the overall process and main decisions involved in planning a new e-commerce site.

Which of the following best illustrates the sales revenue model?

________ goods, such as office supplies, are those not involved firsthand in the production process.

List and describe at least five different Internet business models. Which of these models do you think would be the most risky for a startup business today? Support your answer.

Net marketplaces may either support contractual purchasing based on long-term relationships with designated suppliers or short-term spot purchasing.

Before building an e-commerce site, business objectives and functionalities must be translated into a set of precise information ________.

Which of the following is not a recent development in e-commerce?