Exam 7: E-Business and E-Commerce

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Discuss the following electronic commerce business models and give examples of each type: online direct marketing, electronic tendering system, name-your-own-price, find-the-best-price, affiliate marketing, and viral marketing. Section reference 1: Overview of E-Business and E-Commerce

(Short Answer)
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Describe the various types of electronic payments. Section reference 1: Overview of E-Business and E-Commerce

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In _____ auctions, there is one buyer who wants to buy a product. Suppliers submit bids, and the lowest bid wins.

(Multiple Choice)
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_____ offer(s) consumers incentives to accept advertising and e-mail voluntarily.

(Multiple Choice)
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Cyberbanking offers all of the following advantages except:

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All of the following are limitations of traditional payment methods in electronic commerce except:

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Virtual banks are those banks that are dedicated only to Internet trAnsweractions.

(True/False)
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eBay uses a _____ auction.

(Multiple Choice)
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_____ use credit card numbers, transmitted electronically over the Internet, to pay for goods and services. They are either unencrypted or encrypted, with coded data readable by an intermediary between the buyer's and seller's banks.

(Multiple Choice)
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Discuss the reasons for E-commerce failures. Section reference 1: Business-to-Consumer (B2C) Electronic Commerce

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Discuss the various business-to-consumer applications (e.g., e-tailing, electronic storefronts, electronic malls). Section reference 1: Business-to-Consumer (B2C) Electronic Commerce

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Refer to IT's About Business 7.1: Gemvara is an example of pure e-Commerce.

(True/False)
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In IT's About Business 7.3: Macy has involved external companies to perform the following service

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Which of the following is a problem that e-commerce can cause for the airline industry?

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In _______ e-commerce, the sellers and buyers are organizations.

(Multiple Choice)
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The key mechanisms in the sell-side marketplace are customized electronic catalogs and reverse auctions.

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________ is the process whereby a fully automated electronic commerce transaction eliminates middlemen.

(Multiple Choice)
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______ are a form of e-cash that enable you to store a fixed amount of prepaid money and then spend it as necessary.

(Multiple Choice)
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In the _____ B2B application, the orders of many buyers are aggregated so that they comprise a large volume, in order to merit more seller attention.

(Multiple Choice)
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In most cases, traditional payment systems are not effective for electronic commerce.

(True/False)
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