Exam 1: Introduction to Electronic Commerce

Consumer shopping on the Web is often called _____.

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

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

_____ 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.

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

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

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

As more people participate in a network, the value of the network to each participant increases. This increase in value is called a  _____.

Departments devoted to negotiating purchase transactions with suppliers are called _____.

_____ occurs when one business transmits computer-readable data in a standard format to another business.

The practice of an existing firm replacing one or more of its supplier markets with its own hierarchical structure for creating the supplied product is called _____.

Human resource management and purchasing activities, which are part of a value chain model, are known as _____.

In some cases, business processes use traditional commerce activities very effectively, and technology cannot improve them.

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

_____ is a primary activity undertaken by an organization's strategic business unit.

A problem that EDI pioneers faced was the high cost of implementation.

Strategic partnerships occurring between or among companies operating on the Internet are called _____.

The legal environment in which electronic commerce is conducted is full of clear and concise laws.

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.

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