Exam 2: E-Commerce: Mechanisms, Infrastructure, and Tools

An auction is a competitive process and market mechanism that uses a competitive process by which a seller solicits consecutive bids from buyers or a buyer solicits bids from sellers.

An order-processing technology that allows customers to accumulate items they wish to buy while they continue to shop best defines

Electronic storefronts,Internet malls,and exchanges are major B2B e-marketplaces.

Individuals are the largest consumers,accounting for more than 85 percent of EC volume and value activities.

An auction in which a seller entertains bids from buyers,and the bidders increase price sequentially best defines

EC activities include

Identify seven concerns regarding the implementation of Web 3.0 and the future of EC.

A combination of two or more websites into a single website that provides the content of both sites to deliver a novel product to consumers best defines

The major limitations of e-auctions are minimal security,possibility of fraud,and a limited participation.

Electronic intermediaries that provide and/or control information flow in cyberspace,often aggregating information and selling it to others,best defines

A(n)________ is a single point of access,through a Web browser,to critical business information located inside and outside (via Internet)an organization.

A marketplace in which an intermediary arranges barter transactions best defines

A desktop search is conducted by tools that search only the contents of the user's own computer files.

A limitation of e-bartering for businesses is that excess capacity items such as office space,storage,factory space,idle facilities,and labor cannot be bartered.

A private e-marketplace in which one company sells either standard and/or customized products to qualified companies best defines

A Web portal is a single point of access,through a Web browser,to critical business information loaded inside and outside (via Internet)an organization.

Private and public are two types of e-marketplaces.

A method for Internet users to store,organize,search,and manage bookmarks of Web pages on the Internet with the help of metadata best defines

The practice and method of collaboratively creating,classifying,and managing tags to annotate and categorize content best defines

Each of the following is a major component and player in a marketspace except