IT 205 Week 7 Week Seven Knowledge Check

Week 7 Knowledge Check

The material presented below is not meant to be a comprehensive list of all you need to know in the content area. Rather it is a starting point for building your knowledge and skills. Additional study materials are recommended in each area below to help you master the material.

Personalized Study Guide Results

Score 15/ 15

Concept: E-Commerce

Materials on the concept

• E-commerce Today
• Why E-commerce is Different
• 9.1. E-commerce and the Internet

1.

Through what channel did e-commerce first evolve?

Online advertising sales

Internet portals

Online book sales

Internet service providers

2.

A marketplace extended beyond traditional boundaries and removed from a temporal and geographic location is called a(n)

exchange

market space

online marketplace

e-hub

3.

What does information density refer to?

The richness–complexity and content–of a message

The total amount and quantity of information delivered to consumers by merchants

The total amount and quantity of information available to all market participants

The amount of information available to reduce price transparency

Concept: Digital Goods

Materials on the concept

• Key Concepts in E-Commerce: Digital Markets and Digital Goods in a Global Marketplace
• Review Summary
• E-commerce: Digital Markets, Digital Goods

4.

What is one difference between digital markets, traditional markets?

Lower search costs

Stronger network effects

Higher delayed gratification effects

Higher transaction costs

5.

What does it mean to reduce the business process layers in a distribution channel?

Disintermediation

BPR

Market segmentation

Network effects

6.

What is one reason that businesses, such as bookstores and book publishers face the possibility of declining sales and even destruction of their businesses?

Publishers passing the high cost of printing on to the consumer

High costs of selling their products over the Internet

High overhead costs due to the economy

Losing sales to digital goods and services

Concept: Consumer-to-Consumer

Materials on the concept

• Types of E-Commerce
• E-commerce Business Models

7.

What kind of commerce is eBay is an example of?

C2C e-commerce

B2B e-commerce

B2C e-commerce

M-commerce

8.

Which of the following best describes consumers selling goods and services electronically to other consumers?

E-commerce

C2C e-commerce

M-commerce

B2C e-commerce

9.

What type of business model are market creators associated with?

C2C e-commerce

M-commerce

B2C e-commerce

B2B e-commerce

Concept: Business-to-Business

Materials on the concept

• B2B E-commerce: New Efficiencies and Relationships
• 9.2. E-commerce: Business and Technology
• Types of E-Commerce

10.

Most of the online B2B commercial transactions that occur among business firms is based on

credit card payment systems

accumulated balance digital payment systems

electronic data interchange

stored value payment systems

11.

What did EDI originally automate the exchange of?

funds

information

products

documents

12.

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

e-hub

marketspace

exchange

private industrial network

Concept: Business-to-Consumer

Materials on the concept

• Types of E-Commerce
• E-commerce Business Models
• 9.2. E-commerce: Business and Technology
• E-Commerce Revenue Models

13.

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

B2B e-commerce

C2C e-commerce

M-commerce

B2C e-commerce

14.

Which type of e-commerce business model is most closely associated with business-to-consumer (B2C)?

Portal

E-tailer

Content provider

Community provider

15.

Which type of e-commerce revenue model is most closely associated with business-to-consumer (B2C)?

Advertising revenue model

Sales revenue model

Free or premium model

Affiliate revenue model