eCommerce Exam 1 Chapter 1 Pt. 2

It is estimated that by 2022, the size of the B2B market will reach:It is estimated that by 2022, the size of the B2B market will reach:

$7.3 trillion.

In 2018, there were more than ________ Internet hosts.

1 million

In which year can e-commerce be said to have begun?

1995

Which of the following statements is not true?Which of the following statements is not true?

Economists take a purely technical approach to e-commerce.

Which of the following statements is not true?

Overall transaction costs have dropped dramatically

________ was the first truly large-scale digitally enabled transaction system in the B2C arena.

The French Minitel

Which of the following was the original "killer app" that made the Internet commercially interesting and extraordinarily popular?

The Web

Which of the following statements about the Web is not true?

The Web is the technology upon which the Internet is based.

Which of the following is not true regarding e-commerce today?

The market middlemen disappeared

Which of the following best describes the early years of e-commerce?

They were a technological success but a mixed business success.

The early years of e-commerce are considered:

a stunning technological success as the Internet and the Web increased from a few thousand to billions of e-commerce transactions per year.

The early years of e-commerce were driven by all of the following factors except:

an emphasis on exploiting traditional distribution channelsan emphasis on exploiting traditional distribution channels

All of the following are examples of Web 2.0 sites and applications except:

auction sites.

Which of the following is a characteristic of the Consolidation phase of e-commerce?

brand extension and strengthening becomes more important than creating new brands

Which of the following is an important societal issue related to e-commerce?

intellectual property

Unfair competitive advantages occur when:

one competitor has an advantage that others cannot purchase.

Above all, e-commerce is a ________ phenomenon.

technology driven

All of the following can be considered a precursor to e-commerce except:All of the following can be considered a precursor to e-commerce except:

the development of the smartphone.

Which of the following refers to the practice of researching a product online before purchasing it at a physical store?

webrooming

Which business application is associated with the technological development of local area networks and client/server computing?

workgroup automation (e.g., document sharing)

Which of the following is not a characteristic of a perfect competitive market?

It is highly regulated.

Which of the following is not an element of friction-free commerce?

Transaction costs are high.

Which of the following is a characteristic of e-commerce during the Invention period?

disintermediation

Which of the following refers to the displacement of market middlemen and the creation of a new direct relationship between producers and consumers?

disintermediation

Which of the following is an example of an e-commerce first mover that failed?

eToys

Which of the following is a characteristic of the Reinvention phase of e-commerce?

expansion of e-commerce to include services as well as goods

All of the following were visions of e-commerce expressed during the early years of e-commerce except:

fast follower advantage.

All of the following are issues facing Pinterest except:

inability to retain users.