Question 1

The e-commerce model in which an organization delivers services, information, or products to its individual employees is ________.

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Question 2

A ________ is a service that builds online communities by providing an online space for people to build free homepages and that provides basic communication and support tools for conducting different activities in the social network.

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Question 3

________ are social networks whose primary objective is to facilitate business.

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Question 4

A ________ is a user-defined world in which people can interact, play, and do business.

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Question 5

A ________ can be a reaction to a specific business pressure already in existence, or it can be an initiative that will defend an organization against future business pressures.

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Question 6

________ refers to the benefits a company can derive from using EC.

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Question 7

A ________ is a model in which a buyer requests would-be sellers to submit bids; the lowest bidder wins.

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Question 8

According to the Harmony Hollow Software 2006 study mentioned in the textbook, the major barriers to EC are ________, ________, ________, ________, ________, and ________.

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Question 9

List and briefly explain three of the five support services in the electronic commerce framework.

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Question 10

Identify the 10 major types of EC transactions.

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Question 11

Define digital economy. Identify six major characteristics of the digital economy.

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Question 12

List the five typical EC business models.

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Quiz 1: Overview of Electronic Commerce