Exam 1: The Revolution Continues

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Which of the following describes the basic Web policy of large firms during the Invention period?

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Interactivity in the context of e-commerce can be described as the:

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Has e-commerce changed the marketing of goods? If so, how?

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E-commerce has greatly changed the marketing of goods.Before e-commerce was developed, the marketing and sale of goods was a mass-marketing and sales force-driven process.Marketers viewed consumers as passive targets of advertising campaigns.E-commerce has brought many new possibilities for marketing.The Internet and Web can deliver, to an audience of millions, rich marketing messages with text, video, and audio in a way not possible with traditional commerce technologies such as radio, television, or magazines.Merchants can target their marketing messages to specific individuals by adjusting the message to a person's name, interests, and past purchases.In addition, much information about the consumer can be gathered from the Web site the consumer visits.With the increase in information density, a great deal of information about the consumer's past purchases and behavior can be stored and used by online merchants.The result is a level of personalization and customization unthinkable with existing commerce technologies.

The ________ was the original "killer app" that made the Internet commercially interesting and extraordinarily serviceable.

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Retail e-commerce is expected to continue growing at double-digit growth rates in 2013-2014.

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Which of the following is not true regarding e-commerce today?

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Which of the following best describes the early years of e-commerce?

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List and briefly explain the main types of e-commerce.

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Which of the following statements about the Web is not true?

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Which of the following statements is not true?

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E-commerce as we know it today would not exist without the Internet.

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E-commerce can be defined as:

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Describe the visions and forces during the early days of e-commerce in terms of what the various interest groups hoped for: the computer science and information technology people; the economists; and the entrepreneurs, venture capitalists and marketers.Explain whether what each group envisioned came to fruition and why or why not.

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In the B2C arena, ________ was the first truly large-scale digitally enabled transaction system.

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What is a first mover? Why was being a first mover considered to be important during the early years of e-commerce?

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E-commerce technologies have changed the traditional tradeoff between the richness and reach of a marketing message.Prior to the development of the Web:

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Ubiquity decreases cognitive energy outlays.

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Which of the following is a characteristic of the Reinvention phase of e-commerce?

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E-business involves commercial transactions involving an exchange of value across organizational boundaries.

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________ refers to the complexity and content of a message.

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