Exam 1: Introduction to Electronic Commerce

A value added network (VAN)is an independent firm that offers connection and transaction-forwarding services to buyers and sellers engaged in EDI.

Researchers estimate that about 20 percent of the content available on the Internet today is in English.

____________________ transactions usually require the coordinated efforts of customs brokers and freight forwarding agencies because the regulations and procedures governing them are so complex.

Describe the three categories of electronic commerce that are most commonly used.

A(n)____ is an independent firm that offers connection and transaction-forwarding services to buyers and sellers engaged in EDI.

Consumer shopping on the Web is often called ____.

Internet e-mail accounts are far more valuable than single-organization e-mail accounts because of the ____________________.

Human resource management and purchasing, in the value chain model, are known as ____________________ activities.

Economists refer to large, hierarchical business organizations as ____________________.

Electronic commerce provides buyers with an easy way to customize the level of detail in the information they obtain about a prospective purchase.

Using the value chain reinforces the idea that electronic commerce should be a business solution, not technology implemented for its own sake.

A transaction is an exchange of value.

The increase in broadband connections in homes is a key element in the B2C component of the second wave.

The practice of an existing firm replacing one or more of its supplier markets with its own hierarchical structure for creating the supplied product is called ____.

The U.S.government is one of the largest EDI trading partners in the world.

Many ____, such as wheat, sugar, and crude oil, are still traded in markets.

Transferring funds, placing orders, sending invoices, and shipping goods to customers are all types of activities or transactions.

Businesses often have a(n)____________________ department devoted to the function of negotiating purchase transactions with their suppliers.

Before the Internet came into existence as we know it today, ____________________ provided the connections between most trading partners and were responsible for ensuring the security of the data transmitted.

An outsourcing profile is the collection of attributes that affect how easily a product can be packaged and delivered.