Exam 1: Introduction to Electronic Commerce

The combination of store design, layout, and product display knowledge is called ____.

The law of ____________________ returns says that most activities yield less value as the amount of consumption increases.

When conducting SWOT analysis, what are some of the questions that one should ask to identify strengths and weaknesses?

IBM defines electronic business as "the transformation of key business processes through the use of Internet technologies."

In ____________________ or telework, an employee logs in to the company network through the Internet instead of traveling to an office.

Discuss the importance of transaction costs.

What types of business processes are well suited to electronic commerce?

The combination of language and customs is often called ____________________.

A(n)____________________ is a gathering of people who share a common interest, which takes place on the Internet.

____________________ transactions usually include only the seller, the buyer, their respective banks, and one freight carrier.

Porter uses the term ____ to describe the larger stream of activities into which a particular business unit's value chain is embedded.

A product that has a strong brand reputation is easier to sell over the Web than an unbranded item.

Businesses that engage in EDI with each other are called ____.

Electronic commerce reduces the speed and accuracy with which businesses can exchange information.

____ is a good example of a company that sells its products to other businesses rather than to consumers.

A(n)____________________ organization always has a pyramid-shaped structure.

The skills of merchandising and personal selling can be easy to practice remotely.

Electronic payment can be easier to audit and monitor than payment made by check.

Buyers and sellers in commodity markets experience significant transaction costs.

The group of logical, related, and sequential activities and transactions in which businesses engage are often collectively referred to as business ____.