CIS Test 1 Quiz 2

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Which of the following is not considered a portal?

Amazon

E-commerce has decreased price competition in nearly all markets.

False

Firms that fail to produce returns greater than alternative investments typically go out of business.

True

The Internet's universal standards can change industry structure by decreasing barriers to entry and increasing competition within an industry.

True

Which of the following may offer its customers value chain management software?

e-procurement companies

All of the following may lead to a competitive advantage except:

fewer products

The financial services, travel services, and job placement services industries typically use the ________ business model.

transaction broker

Which type of investor typically becomes interested in a start-up company after it has begun generating revenue?

venture capital investors

Stickiness is an important attribute for which of the following revenue models?

advertising revenue model

Over the past decade, the number of exchanges has:

diminished sharply

If you wished to leverage the ubiquitous nature of the Web to differentiate your product, you would:

enable individual customization of the product by consumers.

A strategy designed to compete within a narrow market or product segment is called a ________ strategy.

focus

TheSeam is an example of a(n):

industry consortium

In general, the key to becoming a successful content provider is to:

own the content being provided.

A firm's ________ describes how a firm will produce a return on invested capital.

revenue model

Which element of the business model addresses what a firm provides that other firms cannot?

value proposition

An example of a company using the content provider model is:

Rhapsody

The overall retail market in the United States in 2016 was estimated at about:

4.8 trillion

Scale economies are efficiencies that result from flattening the hierarchy of an organization.

False

All firms need an organization to efficiently implement their business plans and strategies.

True


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