Exam 1: Introduction to Electronic Commerce

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

A transaction is an exchange of value, such as a purchase, a sale, or the conversion of raw materials into a finished product.

The _____ refers to a strategy adopted by many companies and investors who believed that by being the first Web site to offer a particular type of product or service, they would be given opportunities to be successful.

The term _____ is used in business to describe very large stores of information such as that collected by online sellers about their customers.

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.

Businesses that engage in electronic data interchange with each other are called _____.

A product's shipping profile is a collection of details about the shipper.

Multiple firms that sell similar products to similar customers make up a(n) _____.

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

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

Banks use _____, which are electronic transmissions of account exchange information over private communications' networks.

_____ is a category of electronic commerce that includes individuals who buy and sell items among themselves.

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

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

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

Electronic payment can be easier to audit and monitor than payment made by check.

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

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

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

List the primary and supporting activities organized by a value chain for a strategic business unit.