disruptive Technology correct answers A new way of doing things that initially doesn't meet the needs of existing customers.
sustaining technology correct answers Produces an improved product customers are eager to buy
disruptive innovation correct answers a process by which a product or serv...
CIS 2010 Unit 2 Exam || ALREADY GRADED A+
disruptive Technology correct answers A new way of doing things that initially doesn't meet
the needs of existing customers.
sustaining technology correct answers Produces an improved product customers are eager to
buy
disruptive innovation correct answers a process by which a product or service takes root
initially in simple applications at the bottom of a market and then relentlessly moves up
market, eventually displacing established competitors
sustaining innovations correct answers enables or sustains an existing product
paradigm shift correct answers occurs when a new radical form of business enters the market
that reshapes the way companies and organizations behave
information richness correct answers refers to the depth and breadth of details contained in a
piece of textual, graphic, audio, or video information. Buyers need this to make informed
purchases.
information reach correct answers measures the number of people a firm can communicate
with all over the world. Sellers need this to properly market and differentiate themselves from
the competition.
Personalization correct answers Occurs when a company knows enough about a customer's
likes and dislikes that it can fashion offers more likely to appeal to that person
Long Tail correct answers referring to the tail of a typical sales curve
Intermediaries correct answers agents, software, or businesses that provide a trading
infrastructure to bring buyers and sellers together
clickstream data correct answers Data collected about user behavior and browsing patterns by
monitoring users' activities when they visit a Web site.
Advantages of Ebusiness correct answers 1. expanding global reach
2. opening new markets
3. reducing costs
4. improving operations
5. improving effectiveness
Disintermediation correct answers occurs when a business sells directly to the customer
online and cuts out the intermediary
Reintermediation correct answers steps are added to the value chain as new players find ways
to add value to the business process
Cybermediation correct answers refers to the creation of new kinds of intermediaries that
simply could not have existed before the advent of ebusiness
, Ebusiness models (be able to identify each one) correct answers B2B, B2C, C2B, C2C
Web 2.0 correct answers The next generation of Internet use - a more mature, distinctive
communications platform characterized by three qualities
Collaboration
Sharing
Free
Business 2.0 correct answers another name for web 2.0
open system correct answers consists of nonproprietary hardware and software based on
publicly known standards that allow third parties to create add-on products to plug into or
interoperate with the system
source code correct answers contains instructions written by a programmer specifying the
actions to be performed by computer software
User-contributed content correct answers created and updated by many users for many users
explicit knowledge correct answers consists of anything that can be documented, archived,
and codified, often with the help of MIS
tacit knowledge correct answers the knowledge contained in people's heads.
crowd-sourcing correct answers refers to the wisdom of the crowd
Crowdfunding correct answers sourced capital for a project by raising many small amounts
from a large number of individuals, typically via the internet
asynchronous communication correct answers communication such as email in which the
message and the response do not occur at the same time
synchronous communication correct answers communications that occur at the same time
such as IM or chat
Challenges of Ebusiness correct answers 1.identifying limited market segments,
2.managing consumer trust,
3.ensuring consumer protection, 4.adhering to taxation rules
Open Source correct answers refers to any software whose source code is made available free
for any third party to review and modify
closed source correct answers any proprietary software licensed under exclusive legal right of
the copyright holder
Challenges of Business 2.0 correct answers 1. technology dependence
2. information vandalism
3. violations of copyright
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