Exam 8: E-Commerce, Web 2.0, and Social Networking

In a typical distribution system,raw material suppliers sell to manufacturers,manufactures sell to distributors,and distributors sell to retailers.All these transactions are categorized as ________ transactions.

Karl Marx defined ________ as the investment of resources for future profit.

According to Henk Flap,the value of social capital is determined by the number of relationships in a social network,by the strength of those relationships,and by the resources controlled by those related.

Merchant companies sell services provided by others.

According to McAfee,Enterprise 2.0 workers want to be able to navigate content structures such as lists and tables of content.

Disintermediation reduces market efficiency.

Amazon.com,REI.com,and LLBean.com are examples of companies that use ________ information systems.

What kind of marketing is used for Web 2.0 applications?

Social capital adds value through information,influence,social credentials,and personal reinforcement.

E-commerce is the buying and selling of goods and services ________.

What is a folksonomy?

In the case of traditional software vendors,extensive testing and true beta programs precede every product release.

Jackson Enterprises sells products online to the state-run Environmental Protection Agency.This is a ________ transaction.

Using e-commerce to buy directly from the manufacturer eliminates the middlemen in the supply chain.Which of the following terms best explains this elimination?

What is Enterprise 2.0?

________ measure(s)the amount that demand rises or falls with changes in price.

What is a clearinghouse? Explain with the help of an example.

In B2C e-commerce,sales are made between companies.

Traditional software companies use the term software as a service to mean that they will provide their software products via the cloud.

The U.S.Census Bureau defines ________ as companies that take title to the goods they sell.