INSY 3330 Exam 1 2024 Questions & Answers 100% CORRECT
E-Commerce - ANSWERSthe use of the Internet, the Web, and apps to transact business
E-Business - ANSWERSthe digital enabling of transactions and processes within a firm, involving information systems in control of the firm
Web 2.0 - ...
E-Commerce - ANSWERSthe use of the Internet, the Web, and apps to transact business
E-Business - ANSWERSthe digital enabling of transactions and processes within a firm, involving
information systems in control of the firm
Web 2.0 - ANSWERSa set of applications and technologies that allows users to:
- create, edit, and distribute content
- share preferences, bookmarks, and online personas
- participate in virtual lives
- build online communities
Marketspace - ANSWERSa marketplace extended beyond traditional boundaries and removed from a
temporal and geographic location
Interactivity - ANSWERStechnology that allows for two-way communication between merchant and
consumer
Information Density - ANSWERSthe total amount and quality of information available to all market
participants
Internet - ANSWERSa worldwide network of computer networks built on common standards
The Web - ANSWERSprovides access to billions of Web pages that run on the Internet infrastructure
Mobile Platform - ANSWERSprovides the ability to access the Internet from a variety of highly mobile
devices such as smartphones, tablets, and other ultra-lightweight laptop computers
, HTML5 - ANSWERSa new markup language that will enable more dynamic Web content and allow for
bower-accessible Web apps that are as appealing as device-specific apps
Disintermediation - ANSWERSdisplacement of market middlemen who traditionally are intermediaries
between producers and consumers by a new direct relationship between producers and consumers
Network Effect - ANSWERSoccurs where users receive value from the fact that everyone else uses the
same tool or product
Business Model - ANSWERSa set of planned activities designed to result in a profit in a marketplace
Business Plan - ANSWERSa document that describes a firm's business model, taking into account the
competitive environment
Value Proposition - ANSWERSdefines how a company's product or service fulfills the needs of customers
Revenue Model - ANSWERSdescribes how the firm will earn revenue, produce profits, and produce and
superior return on invested capital
Seed Capital - ANSWERStypically, an entrepreneur's personal funds from savings, credit card advances,
home equity loans, or from family and friends
Incubators - ANSWERStypically provide a small amount of funding and an array of services to start-up
companies
Venture Capital Investors - ANSWERStypically invest funds they manage for other investors; usually invest
in the later-stages of a start-up
Crowdfunding - ANSWERSinvolves using the Internet to enable individuals to collective contribute money
to support a project
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