Exam 2: E-Commerce Business Models and Concepts

Define the term industry structure and discuss the ways the Internet and e-commerce have changed the five forces that characterize industry structure.

Organizations that typically provide an array of services to start-up companies along with a small amount of funding are referred to as:

The existence of many competitors in any one market segment may indicate:

On-demand service companies are characterized by the free sharing of resources between the company and consumers.

First movers are usually more successful than follower firms.