Chapter 1 What is Electronic Commerce

Chapter 1 What is Electronic Commerce - A(n is one...

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Question 1 1 out of 1 points When strategic alliances or strategic partnerships are formed among companies operating on the Internet, these relationships are called _____. Selected Answer: virtual companies Question 2 1 out of 1 points Companies and investors still use the idea of a(n) _____, which is a specific collection of business processes used to identify customers, market to those customers, and generate sales to those customers. Selected Answer: revenue model Question 3 1 out of 1 points _____ costs are the total of all costs that a buyer and a seller incur as they gather information and negotiate a purchase-sale transaction. Selected Answer: Transaction Question 4 1 out of 1 points The industry value chain identifies opportunities up and down the product's life cycle for increasing the efficiency or quality of the product. Selected Answer: True Question 5 1 out of 1 points
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Unformatted text preview: A(n) _____ is one particular combination of product, distribution channel, and customer type. Selected Answer: strategic business unit Question 6 1 out of 1 points Which type of commerce is well suited to electronic commerce? Selected Answer: Sale/purchase of books and CDs Question 7 1 out of 1 points The combination of language and customs is often called _____. Selected Answer: culture Question 8 1 out of 1 points Brokerage fees and sales commissions are typically the largest part of transaction costs. Selected Answer: False Question 9 1 out of 1 points Researchers have found that customers are far more likely to buy products and services from Web sites in their own language, even if they can read English well. Selected Answer: True Question 10 1 out of 1 points Software translation is also called _____. Selected Answer: machine translation...
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