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

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Customer service expenses are likely to decrease for manufacturers that use e-commerce to sell directly to consumers.

(True/False)
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What is disintermediation?

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Google,Amazon.com,and eBay exemplify Web 2.0.because they sell software licenses instead of providing software as a free service.

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Managing prices by direct interaction with the customer yields better information than managing prices by watching competitors' pricing.

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What is meant by service-oriented architecture (SOA)?

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Web 2.0 applications ________.

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Which of the following is true about social capital?

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Being linked to a network of highly regarded contacts is a form of social ________.

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Historically,organizations have created social capital via salespeople,via customer support,and via public relations.

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What is the difference between traditional CRM and Social CRM?

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E-commerce is the buying and selling of goods and services exclusively over public computer networks.

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What is service-oriented architecture?

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How does social capital add value?

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Crowdsourcing combines social networking,viral marketing,and open-source design,saving considerable cost while cultivating customers.

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With Social CRM,business control the messages,offers,and support that customers receive based on the value of the customer.

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When the output from two or more Web sites is combined into a single user experience it is called a(n)________.

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In Social CRM,relationships between organizations and customers are predefined.

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Which of the following is true of Web 2.0?

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Which of the following is an example of human capital?

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In the Web 2.0 world,the value of a site increases ________.

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