Table of Contents
Which term applies to businesses buying from and selling to each other over the Internet?
At its core, electronic commerce or e-commerce is simply the buying and selling of goods and services using the internet, when shopping online.
What are the four most common business 2.0 characteristics?
What are the four most common Business 2.0 characteristics? Content sharing through open source, user-contributed content, collaboration inside the organization, collaboration outside the organization.
What was the original term for a company operating on the Internet?
Dot-com was the original term for a company operating on the Internet.
What is the ability of an organization to tailor its products or services to the customers specifications quizlet?
Mass customization is the ability of an organization to tailor its products or services to the customers’ specifications.
What applies to any business that sells its products or services directly to consumers online?
Business-to-consumer refers to the process of businesses selling products and services directly to consumers, with no middle person. B2C typically refers to online retailers who sell products and services to consumers through the Internet.
What is commerce ISE?
E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.
What are the two basic functions that social networking sites provide?
What are the two basic functions that social networking sites provide? The ability to create and maintain a profile that is your online identity and create connections between other people within the network.
How do the majority of potential customers find business websites?
How do the majority of potential customers find business websites? The majority of websites are found online through search terms that match the content. What is the ebusiness tool that can increase marketing reach and build customer loyalty through audio broadcasting?.
What is an SNA quizlet?
What is an SNA? Social needs analysis.
What is a business that operates in a physical store without an internet presence?
Brick and Mortar. a business that operates in a physical store without and internet presence.
Which of the following produces an improved product customers are eager to buy such as a faster car or larger hard drive group of answer choices?
Sustaining technology produces an improved product customers are eager to buy, such as a faster car or larger hard drive. Sustaining technologies tend to provide us with better, faster, and cheaper products in established markets. 61.
What is the primary business advantage of using email?
Email is an important method of business communication that is fast, cheap, accessible and easily replicated. Using email can greatly benefit businesses as it provides efficient and effective ways to transmit all kinds of electronic data.
Where do customer service representatives answer customer inquiries?
Where do customer service reps work? Customer service reps typically work in offices or call centers and report to a customer service manager.
What are the two main objectives associated with data mining quizlet?
Focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization. What are the two main objectives associated with data mining? Uncovering trends and patterns.
What is the exact pattern of a consumer’s navigation?
Clickstream Data. Exact pattern of a consumer’s navigation through a site. Content Management System (CMS) Help companies manage the creation, storage, editing, and publication of their website content.
Who sells products directly to the end customer?
Key Takeaways. A distribution channel represents a chain of businesses or intermediaries through which the final buyer purchases a good or service. Distribution channels include wholesalers, retailers, distributors, and the Internet. In a direct distribution channel, the manufacturer sells directly to the consumer.
In which model business sells its product directly to a customer?
In a direct sales model, a business’s own employees demonstrate and sell their products directly to the end consumer. This stands in contrast to retail marketing, where a business sells its products in large volumes to distributors and stores rather than directly to end consumers.
What is an example of business-to-consumer?
A business-to-consumer, or B2C, business model is one in which a company sells a service or product directly to a consumer. Familiar examples of B2C companies include Amazon, Walmart, and other companies where individual customers are the end-users of a product or service.
What is the importance of ecommerce?
Ecommerce offers business a whole range of opportunities, from marketing opportunities to increasing your products ranges to generating more sales and with an optimised and well developed website you can not only achieve these goals but also offer your customers a round the clock, convenient service, that can boost Nov 18, 2016.
What is ecommerce advantages and disadvantages?
Electronic commerce will substantially lower the transaction cost. It eliminates many fixed costs of maintaining brick and mortar shops. This allows the companies to enjoy a much higher margin of profit. It provides quick delivery of goods with very little effort on part of the customer.
What are the benefits of ecommerce?
Understanding the advantages of ecommerce Faster buying process. Store and product listing creation. Cost reduction. Affordable advertising and marketing. Flexibility for customers. No reach limitations. Product and price comparison. Faster response to buyer/market demands.
What describes how products in a network increase in value to users as the number of users increases?
The network effect refers to the concept that the value of a product or service increases when the number of people who use that product or service increases.
What is the primary way that social networks work?
Meeting places where users connect with one another by creating profiles and searching networks for people to add as friends or followers.
What are the three main drivers of the direct to consumer sales channel?
Let’s look at three trends driving DTC. A growing competitor. Rising demands for a better customer experience. Acquiring customers through social media. Creating the right DTC strategy for your brand.
What is the difference between customer facing processes and business facing processes?
The difference between customer facing processes and business facing processes are that customer facing processes are the processes that customers see when doing business with the company while business facing processes involve everything behind the scenes that goes into providing a good or service to a customer.
Which of the following includes the roles and responsibilities of the CIO?
The CIO is responsible for determining the types of information the enterprise will capture, retain, analyze, and share, the CDO is responsible for ensuring the throughput, speed, accuracy, availability, and reliability of an organizations information technology.