Exam 1: Introduction to Electronic Commerce

All the activities associated with a transaction result in measurable and recordable transactions.

A freight forwarder is a company that arranges shipping and insurance for international transactions.

A(n) _____ unit is an autonomous part of a company that is large enough to manage itself but small enough to respond quickly to changes in its business environment.

Consumer shopping on the Web is often called _____.

In SWOT analysis, the question "Are industry trends moving upward?" involves identifying the _____ of an organization.

What types of business processes are well suited to electronic commerce?

The term _____ refers to a translation that considers multiple elements of an environment, such as business and cultural practices, in addition to dialect variations in the language.

_____ are the total of all costs that a buyer and a seller incur as they gather information and negotiate a purchase-and-sale transaction.

Economists use a formal definition of market that includes two conditions: first, the potential sellers of a good come into contact with potential buyers, and second, that a medium of exchange is available.

A(n) _____ is a secure location where incoming international shipments can be held until customs requirements are satisfied or until payment arrangements are completed.

_____ are mobile phones that include a Web browser, a full keyboard, and an identifiable operating system that allows users to run various software packages.

According to Porter, _____ describes the larger stream of activities into which a particular business unit's value chain is embedded.

Electronic commerce provides buyers with an easy way to customize the level of detail in the information they obtain about a prospective purchase.

In a(n)_____, companies coordinate their strategies, resources, and skill sets by forming long-term, stable relationships with other companies and individuals based on shared purposes.

The law of _____ says that most activities yield less value as the amount of consumption increases.

The term _____ refers to the theft of intellectual property from the Web.

What are the SWOT analysis questions that an analyst should be asking to identify an organization's strengths and weaknesses?

A(n) _____ is an independent firm that offers connection and transaction-forwarding services to buyers and sellers engaged in electronic data interchange.

The U.S.government is one of the largest electronic data interchange (EDI) trading partners in the world.

The group of logical, related, and sequential activities and transactions in which businesses engage are often collectively referred to as _____.