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ISA 235 Chapter 3 Question and answers rated A+

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ISA 235 Chapter 3 Question and answers rated A+ ISA 235 Chapter 3 digital Darwinism - correct answer Implies that organizations that cannot adapt to the new demands placed on them for surviving in the information age are doomed to extinction. disruptive technology - correct answer A new ...

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  • November 8, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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ISA 235 Chapter 3
digital Darwinism - correct answer ✔Implies that organizations that cannot
adapt to the new demands placed on them for surviving in the information age
are doomed to extinction.


disruptive technology - correct answer ✔A new way of doing things that
initially does not meet the needs of existing customers.


sustaining technology - correct answer ✔Produces an improved product
customers are eager to buy, such as a faster car or larger hard drive.


Internet - correct answer ✔A massive network that connects computers all
over the world and allows them to communicate with one another.


Web 1.0 (or Business 1.0) - correct answer ✔Refers to the World Wide Web
during its first few years of operation between 1991 and 2003.


ecommerce - correct answer ✔The buying and selling of goods and services
over the Internet.


ebusiness - correct answer ✔Includes ecommerce along with all activities
related to internal and external business operations such as servicing
customer accounts, collaborating with partners, and exchanging real-time
information.


paradigm shift - correct answer ✔Occurs when a new radical form of
business enters the market that reshapes the way companies and
organizations behave.

, information richness - correct answer ✔Refers to the depth and breadth of
details contained in a piece of textual, graphic, audio, or video information.


information reach - correct answer ✔Measures the number of people a firm
can communicate with all over the world.


mass customization - correct answer ✔The ability of an organization to tailor
its products or services to the customers' specifications.


personalization - correct answer ✔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, say by tailoring its website to individuals or groups
based on profile information, demographics, or prior transactions.


long tail - correct answer ✔Referring to the tail of a typical sales curve.


intermediaries - correct answer ✔Agents, software, or businesses that
provide a trading infrastructure to bring buyers and sellers together.


disintermediation - correct answer ✔Occurs when a business sells direct to
the customer online and cuts out the intermediary.


reintermediation - correct answer ✔Steps are added to the value chain as
new players find ways to add value to the business process.


cybermediation - correct answer ✔Refers to the creation of new kinds of
intermediaries that simply could not have existed before the advent of
ebusiness.

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