INSY 3330 Exam 1 Review Questions with 100% Correct Answers 2024/2025
Cloud computing - ANSWERSCompetes the transformation of the mobile platform by storing consumer content and software on internet servers and making it available to any consumer-connected device from the desktop to a smartpho...
Cloud computing - ANSWERSCompetes the transformation of the mobile platform by storing consumer
content and software on internet servers and making it available to any consumer-connected device
from the desktop to a smartphone
JOBS act - ANSWERSJumpstart our business startups act;
Social e-commerce - ANSWERSEnabled by social networks and online social relationships; also known as
Facebook commerce
Web analytics - ANSWERSCan identify purchase patterns as well as consumer interests and intentions in
milliseconds
Disruptive technology - ANSWERSTechnologies that underpin a business model disruption
Cognitive energy - ANSWERSMental effort required to complete a task
Information richness - ANSWERSThe complexity and content of a message; e-com technology has
potential for offering more info richness than traditional media
Interactivity - ANSWERSTechnology that allows for two-way communication between merchant and
consumer
Web 2.0 - ANSWERSSet of applications and technologies that enable user-generated content; e-
commerce of reinvention era.
Local e-commerce - ANSWERSFocused on engaging consumer based on their current geographic
location; fueled by explosion of interest in local on-demand services
, Internet - ANSWERSWorldwide network of computer networks built on common standards; worlds
largest network
Seed capital - ANSWERSAn entrepreneur's personal funds derived from savings, credit card advances,
home equity loans, or from family and friends
Crowdsourcing - ANSWERS
Crowdfunding - ANSWERSInvolves using the internet to enable individuals to collectively contribute
money to support a project
Barriers to entry in marketplace - ANSWERSThe total cost of entering a new marketplace
Business strategy - ANSWERSA set of plans for achieving superior long-term returns on the capital
invested in a business firm
Industry consortia - ANSWERSIndustry-owned vertical marketplaces that serve specific industries
PTX - ANSWERSPrivate trading exchange;
Industry value chain - ANSWERSSet of activities performed in an industry or in a firm that transforms raw
inputs into final products and services
Industry value web - ANSWERS
Firm's value web - ANSWERSNetworked business ecosystem that coordinates the value chains of several
firms
Incubators - ANSWERSTypically provide a small amount of funding and also an array of services to start-
up companies
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