PRACTICE TEST

PRACTICE TEST - Because e-commerce is ubiquitous it reduces...

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Because e-commerce is ubiquitous it reduces Your Answer: transaction costs. 2. The ability of consumers to use the Internet to discover the actual costs merchants pay for products is called Your Answer: cost transparency. 3. Changing the delivered product or service based on a user's preferences or prior behavior on the Internet is called Your Answer: customization. 4. Pricing a product or service on the Internet according to changing supply and demand situations is referred to as Your Answer: dynamic pricing. 5. Removing the middleman and selling directly to a consumer in a digital marketplace is called Your Answer: disintermediation. 6. Individuals use ________ sites to expand the number of business or social contacts by making connections through other people. Your Answer: social networking 7. ________ are published audio broadcasts via the Internet later downloaded to portable music players. Your Answer: Podcasts
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8. Which of the following provides a technique businesses use to help create unique personalized Web pages for each user? Your Answer: Collaborative filtering Correct Answer: Clickstream tracking 9. Companies use ________ internally to communicate and exchange ideas about projects and company news. Your Answer: private industrial exchanges Correct Answer: blogs 10. Which of the following is currently the fastest-growing type of business-to- business e-commerce? Your Answer: Net marketplaces Correct Answer: Private exchanges 11. Single, digital marketplaces based on Internet technology for many different buyers and sellers are called Your Answer: private exchanges. Correct Answer: net marketplaces. 12. Web sites specifically designed for m-commerce are called Your Answer: wireless portals. 13. Which of the following electronic payment systems extend the functionality of credit cards so they can be used for online shopping payments? Your Answer: Digital wallets
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Correct Answer: Digital credit cards 14. Which of the following electronic payment systems were developed for purchases of less than $10? Your Answer: Smart cards Correct Answer: Micropayments 15. PayPal is a perfect example of Your Answer: peer-to-peer payment systems. 16. Only since 2006 has consumer e-commerce "slowed" to a 25 percent annual growth rate. Your Answer: True 17. The technical standards for conducting e-commerce are universal standards. Your Answer: True 18. E-commerce greatly increases market entry costs for merchants. Your Answer: True Correct Answer: False 19. Information density in e-commerce markets make prices and costs less transparent. Your Answer: False 20.
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The Internet shrinks information asymmetry. Your Answer: True 21. In general, the cost of producing the original first unit of digital goods is relatively low. Your Answer: False
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PRACTICE TEST - Because e-commerce is ubiquitous it reduces...

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