CIS 2010 Exam 2 GSU Unit 2 || ALL CORRECT!!!
Digital Darwinism correct answers Organizations that cannot adapt to the new demands
placed on them for surviving in the information age are doomed to extinction.
Disruptive Technology correct answers A new way of doing things that initially does not
meet the needs of existing customers
sustaining technology correct answers Produces an improved product customers are eager to
buy (faster car)
paradigm shift correct answers occurs when a new radical form of business enters the market
that reshapes the way companies and organizations behave
Ebusiness Advantages correct answers -expanding global reach
-opening new markets
-reducing costs
-improving operations
-improving effectiveness
-easy access to real time information
-Reduces transaction costs
-faster delivery cycle
(REIIO)
information richness correct answers refers to the depth and breadth of details contained in a
piece of textual, graphic, audio, or video information
Information reach correct answers measures the number of people a firm can communicate
with all over the world
mass customization correct answers The ability of an organization to tailor its products or
services to the customers' specifications
personlization correct answers occurs when a company knows enough about a customer's
likes and dislikes that it can fashion offers more likely appeal to that person, say by tailoring
its website to a group based on profile information, demographics, or prior transactions.
long tail correct answers referring to the tail of a typical sales curve. This strategy
demonstrates how niche products can have viable and profitable business models when
selling via ebusiness
intermediary correct answers agents, software, or businesses that provide a trading
infrastructure to bring buyers and sellers together
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 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 (comparison sites)
clickstream data correct answers exact pattern of a consumer's navigation through a site
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 encourages business participation and the formation of
communities that contribute to the content. Technical skills are no longer required to use and
publish information to the WWW, eliminating entry barriers for online businesses.
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
inter-operate with the system
source code correct answers contains instructions written by a programmer specifying the
actions to be performed by computer software
closed source correct answers any proprietary software licensed under exclusive legal right of
the copyright holder
Open Source correct answers Software that is created for free use by everyone to review or
modify
User-contributed content correct answers Created and updated by many users for many users.
Websites such as Wikipedia, and YouTube, for example.
Challenges of Ebusiness correct answers 1. identifying limited market segments
2. managing consumer trust
3. ensuring consumer protection
4. adhering to taxation rules
explicit knowledge correct answers consists of anything that can be documented, archived,
and codified, often with the help of IT (patents)
tacit knowledge correct answers Knowledge contained in people's heads
Crowdsourcing correct answers refers to the wisdom of the crowd (collective intelligence is >
than the sum of its individual parts)
Crowdfunding correct answers sources capital for a project by raising many small amounts
from a large number of individuals, typically via the internet (gofundme)
asynchronous communication correct answers communication such as an email in which the
message and the response do not occur at the same time
Digital Darwinism correct answers Organizations that cannot adapt to the new demands
placed on them for surviving in the information age are doomed to extinction.
Disruptive Technology correct answers A new way of doing things that initially does not
meet the needs of existing customers
sustaining technology correct answers Produces an improved product customers are eager to
buy (faster car)
paradigm shift correct answers occurs when a new radical form of business enters the market
that reshapes the way companies and organizations behave
Ebusiness Advantages correct answers -expanding global reach
-opening new markets
-reducing costs
-improving operations
-improving effectiveness
-easy access to real time information
-Reduces transaction costs
-faster delivery cycle
(REIIO)
information richness correct answers refers to the depth and breadth of details contained in a
piece of textual, graphic, audio, or video information
Information reach correct answers measures the number of people a firm can communicate
with all over the world
mass customization correct answers The ability of an organization to tailor its products or
services to the customers' specifications
personlization correct answers occurs when a company knows enough about a customer's
likes and dislikes that it can fashion offers more likely appeal to that person, say by tailoring
its website to a group based on profile information, demographics, or prior transactions.
long tail correct answers referring to the tail of a typical sales curve. This strategy
demonstrates how niche products can have viable and profitable business models when
selling via ebusiness
intermediary correct answers agents, software, or businesses that provide a trading
infrastructure to bring buyers and sellers together
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 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 (comparison sites)
clickstream data correct answers exact pattern of a consumer's navigation through a site
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 encourages business participation and the formation of
communities that contribute to the content. Technical skills are no longer required to use and
publish information to the WWW, eliminating entry barriers for online businesses.
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
inter-operate with the system
source code correct answers contains instructions written by a programmer specifying the
actions to be performed by computer software
closed source correct answers any proprietary software licensed under exclusive legal right of
the copyright holder
Open Source correct answers Software that is created for free use by everyone to review or
modify
User-contributed content correct answers Created and updated by many users for many users.
Websites such as Wikipedia, and YouTube, for example.
Challenges of Ebusiness correct answers 1. identifying limited market segments
2. managing consumer trust
3. ensuring consumer protection
4. adhering to taxation rules
explicit knowledge correct answers consists of anything that can be documented, archived,
and codified, often with the help of IT (patents)
tacit knowledge correct answers Knowledge contained in people's heads
Crowdsourcing correct answers refers to the wisdom of the crowd (collective intelligence is >
than the sum of its individual parts)
Crowdfunding correct answers sources capital for a project by raising many small amounts
from a large number of individuals, typically via the internet (gofundme)
asynchronous communication correct answers communication such as an email in which the
message and the response do not occur at the same time
