IT 205 Week 7 Week Seven Knowledge Check

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IT 205 Week 7 Week Seven Knowledge
Check

Week 7 Knowledge Check

The material presented
below is not meant to be a comprehensive list of all you need to know in the
content area. Rather it is a starting point for building your knowledge and
skills. Additional study materials are recommended in each area below to help
you master the material.

Personalized Study Guide Results 

Score
15/ 15





Concepts


Mastery


Questions





E-Commerce


100%


·        
1
·        
2
·        
3




Digital Goods


100%


·        
4
·        
5
·        
6




Consumer-to-Consumer


100%


·        
7
·        
8
·        
9




Business-to-Business


100%


·        
10
·        
11
·        
12




Business-to-Consumer


100%


·        
13
·        
14
·        
15




Concept: E-Commerce




Mastery


100%


Questions


·        
1
·        
2
·        
3




Materials on the concept

• E-commerce Today


• Why E-commerce is Different


• 9.1. E-commerce and the Internet

1.

Through what channel did e-commerce first evolve?

·        
A.

Online advertising sales

·        
B.

Internet portals

·        
C.

Online book sales

·        
D.

Internet service providers





2.

A marketplace extended beyond traditional boundaries and removed
from a temporal and geographic location is called a(n)

·        
A.

exchange

·        
B.

market space

·        
C.

online marketplace

·        
D.

e-hub





3.

What does information density refer to?

·        
A.

The richness–complexity and content–of a message

·        
B.

The total amount and quantity of information delivered to
consumers by merchants

·        
C.

The total amount and quantity of information available to all
market participants

·        
D.

The amount of information available to reduce price transparency



Concept: Digital Goods




Mastery


100%


Questions


·        
4
·        
5
·        
6




Materials on the concept

• Key Concepts in E-Commerce: Digital Markets and Digital Goods in a
  Global Marketplace


• Review Summary


• E-commerce: Digital Markets, Digital Goods

4.

What is one difference between digital markets, traditional
markets?

·        
A.

Lower search costs

·        
B.

Stronger network effects

·        
C.

Higher delayed gratification effects

·        
D.

Higher transaction costs





5.

What does it mean to reduce the business process layers in a
distribution channel?

·        
A.

Disintermediation

·        
B.

BPR

·        
C.

Market segmentation

·        
D.

Network effects





6.

What is one reason that businesses, such as bookstores and book
publishers face the possibility of declining sales and even destruction of
their businesses?

·        
A.

Publishers passing the high cost of printing on to the consumer

·        
B.

High costs of selling their products over the Internet

·        
C.

High overhead costs due to the economy

·        
D.

Losing sales to digital goods and services



Concept: Consumer-to-Consumer




Mastery


100%


Questions


·        
7
·        
8
·        
9




Materials on the concept

• Types of E-Commerce


• E-commerce Business Models

7.

What kind of commerce is eBay is an example of?

·        
A.

C2C e-commerce

·        
B.

B2B e-commerce

·        
C.

B2C e-commerce

·        
D.

M-commerce





8.

Which of the following best describes consumers selling goods and
services electronically to other consumers?

·        
A.

E-commerce

·        
B.

C2C e-commerce

·        
C.

M-commerce

·        
D.

B2C e-commerce





9.

What type of business model are market creators associated with?

·        
A.

C2C e-commerce

·        
B.

M-commerce

·        
C.

B2C e-commerce

·        
D.

B2B e-commerce



Concept: Business-to-Business




Mastery


100%


Questions


·        
10
·        
11
·        
12




Materials on the concept

• B2B E-commerce: New Efficiencies and Relationships


• 9.2. E-commerce: Business and Technology


• Types of E-Commerce

10.

Most of the online B2B commercial transactions that occur among
business firms is based on

·        
A.

credit card payment systems

·        
B.

accumulated balance digital payment systems

·        
C.

electronic data interchange

·        
D.

stored value payment systems





11.

What did EDI originally automate the exchange of?

·        
A.

funds

·        
B.

information

·        
C.

products

·        
D.

documents





12.

An extranet that links a large firm to its suppliers and other key
business partners is called a(n)

·        
A.

e-hub

·        
B.

marketspace

·        
C.

exchange

·        
D.

private industrial network



Concept: Business-to-Consumer




Mastery


100%


Questions


·        
13
·        
14
·        
15




Materials on the concept

• Types of E-Commerce


• E-commerce Business Models


• 9.2. E-commerce: Business and Technology


• E-Commerce Revenue Models

13.

Selling products and services directly to individual consumers via
the Internet best describes

·        
A.

B2B e-commerce

·        
B.

C2C e-commerce

·        
C.

M-commerce

·        
D.

B2C e-commerce





14.

Which type of e-commerce business model is most closely associated
with business-to-consumer (B2C)?

·        
A.

Portal

·        
B.

E-tailer

·        
C.

Content provider

·        
D.

Community provider





15.

Which type of e-commerce revenue model is most closely associated
with business-to-consumer (B2C)?

·        
A.

Advertising revenue model

·        
B.

Sales revenue model

·        
C.

Free or premium model

·        
D.

Affiliate revenue model