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INSY 3330 Exam 1 Review Questions with 100% Correct Answers 2024/2025
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INSY 3330 Exam 1 Review Questions with 100% Correct Answers 2024/2025 Cloud computing - ANSWERSCompetes the transformation of the mobile platform by storing consumer content and software on internet servers and making it available to any consumer-connected device from the desktop to a smartpho...

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  • September 19, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • insy 3330 exam 1 review questions with 100 correc

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INSY 3330 Exam 1 Review Questions
with 100% Correct Answers 2024/2025

Cloud computing - ANSWERSCompetes the transformation of the mobile platform by storing consumer
content and software on internet servers and making it available to any consumer-connected device
from the desktop to a smartphone



JOBS act - ANSWERSJumpstart our business startups act;



Social e-commerce - ANSWERSEnabled by social networks and online social relationships; also known as
Facebook commerce



Web analytics - ANSWERSCan identify purchase patterns as well as consumer interests and intentions in
milliseconds



Disruptive technology - ANSWERSTechnologies that underpin a business model disruption



Cognitive energy - ANSWERSMental effort required to complete a task



Information richness - ANSWERSThe complexity and content of a message; e-com technology has
potential for offering more info richness than traditional media



Interactivity - ANSWERSTechnology that allows for two-way communication between merchant and
consumer



Web 2.0 - ANSWERSSet of applications and technologies that enable user-generated content; e-
commerce of reinvention era.



Local e-commerce - ANSWERSFocused on engaging consumer based on their current geographic
location; fueled by explosion of interest in local on-demand services

, Internet - ANSWERSWorldwide network of computer networks built on common standards; worlds
largest network



Seed capital - ANSWERSAn entrepreneur's personal funds derived from savings, credit card advances,
home equity loans, or from family and friends



Crowdsourcing - ANSWERS



Crowdfunding - ANSWERSInvolves using the internet to enable individuals to collectively contribute
money to support a project



Barriers to entry in marketplace - ANSWERSThe total cost of entering a new marketplace



Business strategy - ANSWERSA set of plans for achieving superior long-term returns on the capital
invested in a business firm



Industry consortia - ANSWERSIndustry-owned vertical marketplaces that serve specific industries



PTX - ANSWERSPrivate trading exchange;



Industry value chain - ANSWERSSet of activities performed in an industry or in a firm that transforms raw
inputs into final products and services



Industry value web - ANSWERS



Firm's value web - ANSWERSNetworked business ecosystem that coordinates the value chains of several
firms



Incubators - ANSWERSTypically provide a small amount of funding and also an array of services to start-
up companies

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