Exam 1: Introduction to Electronic Commerce

Buyers and sellers in commodity markets experience significant transaction costs.

_____ can be a better way to sell items that rely on personal selling skills.

A(n) _____ is a task performed by a worker in the course of doing his or her job.

_____ refers to technologies that include software that allows users of Web sites to participate in the creation, edition, and distribution of content on a Web site owned and operated by a third party.

Economists generally refer to large _____ as firms, or companies.

In _____ or telework, an employee logs in to the company network through the Internet instead of traveling to an office.

A product's _____ is the collection of attributes that affect how easily that product can be packaged and delivered.

Irrespective of the transferability of merchandising skills to the Web, products are difficult to sell on the Web.

The combination of store design, layout, and product display knowledge to create store environments that help convince customers to buy is called _____.

The increase in broadband connections in homes is a key element in the B2C component of the second wave.

Transferring funds, placing orders, sending invoices, and shipping goods to customers are all types of activities or transactions.

What are transaction costs?

Software translation is also referred to as _____ translation.

A commodity item is a product or service that is hard to distinguish from the same product or service provided by other sellers.

Seller's issue__________ to make shopping at their stores easier and more convenient.

Business-to-business electronic commerce occurs when a person sells an item through a Web auction site to another person.

A barrier to the predictability of costs and revenues of electronic commerce projects is _____.

Value-added networks are leased telephone lines that establish direct network connections to all trading partners of an organization.

_____ is the use of interpersonal connections online to promote or sell goods and services.

List the three categories of electronic commerce that are most commonly used.