CIS Homework:Chapter 10 Warm-up
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
