CIS Homework:Chapter 10 Warm-up

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What revenue model offers basic services or content for​ free, while charging a premium for advanced or special​ features?

​Free/freemium revenue model

What is the fastest growing form of​ e-commerce, with some areas expanding at a rate of 30 percent or more per​ year, and which is estimated to grow to​ $337 billion by​ 2022?

​M-commerce

What is a social​ graph?

A mapping of all significant online social relationships

The form of​ e-commerce whose platform enables people to sell goods and services directly to each other is called​ ________.

C2C

What are the two most important management challenges in building a successful​ e-commerce presence?

Developing a clear understanding of your business objectives and knowing how to choose the right technology to achieve those objectives

What type of service can tell you the price of a house you are looking at or about special exhibits at a museum you are​ passing?

Geoinformation services

Which item below would be considered direct​ goods?

Sheet steel used for auto body construction

What is information​ density?

The total amount and quality of information available to all market​ participants, consumers, and merchants alike

Which list below contains the correct four kinds of​ e-commerce presence?

Web​ sites, email, social​ media, and offline media

A social commerce feature that provides consumers the ability to share their shopping experiences with others is called​ _________.

collaborative shopping

About 80 percent of online B2B​ e-commerce is still based on proprietary systems for​ ____________.

electronic data interchange​ (EDI)

The fact that universal technical standards for the Internet and electronic commerce exist lowers​ ________ costs, making it cheaper for merchants to sell their goods.

market entry


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