Exam 2: E-Commerce Business Models and Concepts

eBay uses all of the following business models except:

Firms that fail to produce returns greater than alternative investments typically go out of business.

Which of the following is not a community provider?

________ occurs when there are no differences among products or services and the only basis for choosing a particular product or service is price.

The financial services, travel services, and job placement services industries typically use the ________ business model.

An asymmetry exists whenever all participants in a market have equivalent resources.

A wealthy individual who invests personal funds in a start-up in exchange for an equity stock in the business is referred to as a(n) ________.

If you wished to leverage the ubiquitous nature of the Web to differentiate your product, you would:

Which of the following are Amazon's primary value propositions?

A value proposition defines how a company's product or service fulfills the needs of a customer.

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

Scale economies are efficiencies that result from flattening the hierarchy of an organization.

Describe the four stages involved in business model disruption.

In the ________ business model, a Web-based business builds a digital environment in which buyers and sellers can meet, display products, search for products, and establish prices.

Social technologies change industry structure by shifting programming and editorial decisions to consumers and creating substitute entertainment products.

A(n) ________ is the set of activities performed in an industry or in a firm that transforms raw inputs into final products and services.

A strategy designed to compete within a narrow market or product segment is called a ________ strategy.

________ and ________ are typically the most easily identifiable aspects of a company's business model.

The use by a company of its competitive advantage to achieve more advantage in surrounding markets is known as ________.

The Internet's universal standards can change industry structure by lowering barriers to entry and intensifying competition within an industry.