Exam (elaborations)
MGSC 300 Ch. 8-11 Quiz (1)
- Course
- Institution
MGSC 300 Ch. 8-11 Quiz (1)
[Show more]
Seller
Follow
topgradesdr
Content preview
MGSC 300 Ch. 8-11 QuizOlder consumers that fundamentally view retail channels as separate and distinct. - ANS-Digital
Immigrants
First digital generation surrounded by digital devices and Internet connectivity. - ANS-Digital
Natives
Emerging generation growing up in a world of broadband connections, constant connectivity
that place greater demands on retailers to use technology. - ANS-Digital Dependents
1. Purchasing online- Broader selection, lower prices, and easy searching and ordering are
featured through e-commerce 2. Employment -Job openings, résumés, and applications can be
transmitted or completed 24/7, 365 3. Online banking services- transaction cost reduction is
significant: banks pay $.02 for online versus $1.07 at a physical branch - ANS-Efficiencies of
Online Retail
Business-to-business (B2B)- The buyers, sellers, and transactions involve only organizations -
ANS-B2B
Business-to-consumer (B2C) The most well-known B2C site is Amazon.com, whose IT
developments received U.S. patents that keep it ahead of competition. - ANS-B2C
The use of mobile technology to promote, enhance, and add to value to the in-store shopping
experience. (Ex: QR codes) - ANS-Mobile Commerce
Purchasing through electronic connections between buyers and sellers - online -
ANS-E-Procurement
designed to support the planning and implementation process across the entire organization -
ANS-Business Management Systems (BMS)
designed to improve the efficiency and performance of a specific functional area within the
organization - ANS-Functional Business Systems (FBS)
Production/Operations: The tracking of materials or component parts as they enter and exit a
warehouse or manufacturing facility.
Marketing and Sales: Management of sales orders and order fulfillment.
Human Resources: Processing of payroll and employee records.
Finance/Accounting: Processing of credits and debits to a customer's checking account at a
bank - ANS-Functional areas of business and their transactions
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller topgradesdr. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72964 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now