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INSY 3330 Exam 1 questions and answers
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INSY 3330 Exam 1 questions and answers
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INSY 3330 Exam 1 questionsand answers
E-Commerce - answer the use of the Internet, the Web, and apps to
transact business
E-Business - answer the digital enabling of transactions and
processes within a firm, involving information systems in control of
the firm
Web 2.0 - answer a 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 - answer a marketplace extended beyond traditional
boundaries and removed from a temporal and geographic location
Interactivity - answer technology that allows for two-way
communication between merchant and consumer
Information Density - answer the total amount and quality of
information available to all market participants
Internet - answer a worldwide network of computer networks built
on common standards
, The Web - answer provides access to billions of Web pages that run
on the Internet infrastructure
Mobile Platform - answer provides the ability to access the Internet
from a variety of highly mobile devices such as smartphones,
tablets, and other ultra-lightweight laptop computers
HTML5 - answer a 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 - answer displacement of market middlemen
who traditionally are intermediaries between producers and
consumers by a new direct relationship between producers and
consumers
Network Effect - answer occurs where users receive value from the
fact that everyone else uses the same tool or product
Business Model - answer a set of planned activities designed to
result in a profit in a marketplace
Business Plan - answer a document that describes a firm's business
model, taking into account the competitive environment
Value Proposition - answer defines how a company's product or
service fulfills the needs of customers
Revenue Model - answer describes how the firm will earn revenue,
produce profits, and produce and superior return on invested capital
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