Exam 9: E-Business and E-Commerce

Purchasing products and services online often cuts out the middleman, who has traditionally sold the product and/or service. This process is called _____.

The primary characteristic of auctions is that prices are determined dynamically by competitive bidding.

Which of the following items has the highest degree of digitization?

Business-to-business electronic commerce involves electronic relationships with _____.

A _____ is automatically launched by some trigger and appears in front of the active window.

Taobao's rapid growth was the consequence of offering free registration and commission-free transactions using a free third-party payment platform.

What area of e-commerce is especially conducive to fraud?

Which of the following statements about Thumbtack is NOT true?

Pure-play organizations:

_____ connect buyers and sellers in a given industry.

A domain name is considered to be legal when the person or business who owns the name has operated a legitimate business under that name for some period of time.

In the _____ marketplace model, the reverse auction is typically used.

Banner advertising:

Electronic business includes which of the following?

The key mechanisms in the sell-side marketplace are customized electronic catalogs and forward auctions.

The use of electronic commerce requires companies to hire additional employees.

Electronic commerce removes many of the barriers that previously impeded entrepreneurs seeking to start their own businesses.

Unlike credit cards, payments made with purchasing cards are settled within a week.

In _____, needed services such as temporary help or extra space are traded on an as-needed basis.

The optimal outcome of personalized pricing for the merchant is minimizing the price that each customer will pay.