Exam 1: Understanding E-Business

Describe five e-business models and give real-world e-business examples that follow each model.

Electronic commerce has been conducted for thousands of years.

An e-business that provides access to the Internet for a fee is a(n):

An example of a pure-play e-retailer is:

Which of the following e-business factors is an advantage for buyers?

Tim Berners-Lee based his development of the World Wide Web in part on the concept of hypertext, where text on one page links to text on another page.

Which of the following e-businesses follows the B2C e-business model?

In 1995, the_______________was replaced by high-speed telecommunications backbones operated by commercial network providers and became the Internet as we know it today.

Because information is more difficult to customize, many companies are finding that the information portion of their products or services is becoming a smaller part of the total value they offer customers.

Internet and Web technologies improve communication and transaction speed at each link in an e-business's_______________.

An e-business that operates a virtual mall is following the B2V e-business model.

Because of the direct linking between buyers and sellers, traditional business intermediaries, such as brick-and-mortar insurance and travel agents, are being threatened by new types of online intermediaries.

The initial development of e-business began in the 1960s when banks began transferring money to each other by using_______________.

An example of an e-business that follows the C2B e-business model is:

Unfamiliar buying processes and concerns about vendor reliability are e-business disadvantages to_______________.

Businesses that conduct their transactions from a physical location are called:

Pure-play e-retailers operate both brick-and-mortar stores and online stores.

A less expensive network alternative to electronic data interchange (EDI) is:

eBags and Hometown Favorites are two examples of virtual merchants.

An example of an e-business that follows the B2B e-business model is: