E-commerce Chapter 1 T/F

TRUE

1) Retail e-commerce is expected to continue growing at double-digit growth rates in 2013-2014.

FALSE

10) Social e-commerce is the largest type of e-commerce.

True

11) E-commerce as we know it today would not exist without the Internet.

FALSE

12) The emergence of entrepreneurial social and local firms is one of the hallmarks of the Consolidation period of e-commerce.

TRUE

13) The Reinvention period of e-commerce is as much a sociological phenomenon as it is a technological or business phenomenon.

FALSE

14) As economists had envisioned, prices of products sold on the Web are consistently lower than elsewhere, and the online marketplace is characterized by decreasing price dispersion.

TRUE

15) The future of e-commerce will include an increase in regulatory activity both in the United States and worldwide.

FALSE

2) Over 50% of the world's population is now online.

FALSE

3) E-business involves commercial transactions involving an exchange of value across organizational boundaries.

TRUE

4) Ubiquity decreases cognitive energy outlays.

True

5) The fact that e-commerce is conducted on the basis of universal standards decreases market entry costs for merchants.

FALSE

6) Price transparency refers to the ability of merchants to segment the market into groups willing to pay different prices.

TRUE

7) Cost transparency refers to the ability of consumers to discover the actual costs merchants pay for products.

TRUE

8) Customization involves changing a delivered product or service based upon a consumer's preferences or past purchasing behavior.

TRUE

9) Web 2.0 describes a set of applications and technologies that encourage and rely on user- and consumer-generated interactivity and content.