Exam 11: Social Networks, Auctions, and Portals

________ pricing adjusts prices based on the location of the consumer.

Which of the following allows the consumer to enter a maximum price and the auction software automatically bids up the goods to that maximum price in small increments?

Which of the following is a community of members who self-identify with a demographic or geographic category?

One of the first online virtual communities was:

All of the following statements about social networks are true except:

All of the following are situations in which markets fail to produce socially desirable outcomes except:

In ________ pricing, customers change their offers to buy based on both their perceptions of the seller's desire to sell and their own need for the product.

Portals compete with one another on:

Define the term auction and explain the four major Internet auction types discussed in the chapter and how they function.

Facebook is an example of a(n):

________ is the tendency to gravitate toward, and bid for, auction listings with one or more existing bids.

What are the different types of social networks and what is the business model of each one?

Which of the following is not a characteristic of a Japanese auction?

Sponsored community sites may be created by government, non-profit, or for-profit organizations.

Which of the following is not one of the typical portal revenue sources?

Keeping bid increments low increases the number of bidders and the frequency of their bids.

Closed bidding permits price discrimination without offending buyers.

All of the following are benefits of auctions except:

A market that has many sellers and one or few buyers is likely to be:

All of the following types of auctions have a buyer bias except: