Exam 2: Defining Your E-Business Idea

The very successful real-world e-business that exploited low-cost technologies, first-mover advantage, and name identification to become the leader in the C2C auction marketplace is_______________.

An entrepreneur should have leadership abilities in order to successfully start, operate, and grow his or her e-business.

The competitive advantage that may occur when an e-business or its products or services become synonymous with generic products or services (for example "Kleenex" and "tissue") is called:

A stress management plan is not important to an entrepreneur who is starting his or her own business.

The entrepreneurial process is a multistep process that begins with determining entrepreneurial abilities and ends with harvesting a business.

The network effect is the phenomena in which an e-business continues to operate successfully in the face of rapid growth.

The rapid pace of change in the global e-business economy has little affect on the way existing e-businesses function.

An entrepreneur can harvest his or her own business by letting it become a "cash cow," by going public, or by selling the business.

The_______________enables companies to get their name and products or services in front of more potential customers than ever before.

Scalability refers to the growing value of e-business to the economy as more and more consumers and businesses conduct business transactions online.

Low-cost Internet technologies have made it more difficult for many new e-businesses to enter an online marketplace.

A(n)_______________is someone who assumes the risks associated with starting and running his or her own business.

Which of the following factors is unique to doing business online?

The e-business marketspace is characterized by_______________and the need to make business decisions quickly.

Publishing a Web site is a way to guarantee that a company will successfully expand the market for its products and services.

The potential for an entrepreneur to expand the market for his or her e-business's products and services is an inherent advantage of doing business online.

When entrepreneurship takes place inside a large organization, it is sometimes called:

To successfully start, operate, and grow his or her business, an entrepreneur must be able to_______________others.

The competitive advantage that occurs because an e-business beats everyone else to the marketplace with specific products or services is called:

An important leadership trait for a successful entrepreneur is: