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INSY 3330 Exam 1 2024 Questions & Answers 100% CORRECT $8.49   Add to cart

Exam (elaborations)

INSY 3330 Exam 1 2024 Questions & Answers 100% CORRECT

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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 - ...

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  • September 19, 2024
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  • Exam (elaborations)
  • Questions & answers
  • INSY 3330
  • INSY 3330
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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 - 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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