Question 1

Which element of the business model examines who else occupies the firm's intended marketspace?

Accepted Answer

A)  value proposition
B)  competitive environment
C)  competitive advantage
D)  market strategyE) A) and C)
F) B) and D)

Question 2

A firm's ________ describes how a firm will produce a superior return on invested capital.

Accepted Answer

A)  value proposition
B)  revenue model
C)  market strategy
D)  competitive advantageE) A) and D)
F) A) and C)

Question 3

Your startup firm has developed Web-based note-taking software that allows participants to create and share virtual notes attached to existing Web pages.You anticipate marketing your online application to Web development and design companies.Which of the following revenue models is the most appropriate for your new company?

Accepted Answer

A)  advertising
B)  transaction fee
C)  affiliate
D)  subscriptionE) B) and D)
F) None of the above

Question 4

Which of the following is an unfair competitive advantage?

Accepted Answer

A)  brand name
B)  access to global markets
C)  lower product prices
D)  superior technologyE) B) and C)
F) None of the above

Question 5

Organizations that provide not only funding but also an array of services to start-up companies are referred to as:

Accepted Answer

A)  angel investors.
B)  crowdfunders.
C)  incubators.
D)  venture capital investors.E) A) and D)
F) B) and C)

Question 6

A value proposition defines how a company's product or service fulfills the needs of a customer.

Accepted Answer

A) True 
 B)False

Question 7

Exostar is an example of a(n) :

Accepted Answer

A)  private industrial network.
B)  exchange.
C)  industry consortium.
D)  e-distributor.E) A) and B)
F) A) and C)

Question 8

All firms need an organization to efficiently implement their business plans and strategies.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is not a variation of the e-tailer business model?

Accepted Answer

A)  bricks-and-clicks
B)  virtual merchant
C)  market creator
D)  manufacturer-directE) A) and C)
F) A) and D)

Question 10

All of the following are examples of business-to-business (B2B) business models except:

Accepted Answer

A)  e-distributors.
B)  e-procurement.
C)  private industrial networks.
D)  e-tailers.E) A) and B)
F) C) and D)

Question 11

A ________ coordinates a firm's suppliers, distributors, and delivery firms with its own production needs using an Internet-based supply chain management system.

Accepted Answer

A)  value chain
B)  value system
C)  value web
D)  business strategyE) B) and D)
F) None of the above

Question 12

The business model of e-distributors is quite similar to that of:

Accepted Answer

A)  e-tailers.
B)  transaction brokers.
C)  exchanges.
D)  service providers.E) B) and C)
F) None of the above

Question 13

Which element of the business model addresses the question of why a customer should buy from the firm?

Accepted Answer

A)  revenue model
B)  competitive advantage
C)  market strategy
D)  value propositionE) A) and D)
F) None of the above

Question 14

All of the following are key elements of a business model except:

Accepted Answer

A)  competitive environment.
B)  organizational development.
C)  information technology strategy.
D)  market strategy.E) C) and D)
F) A) and B)

Question 15

Barriers to entry into the e-tail marketplace are high.

Accepted Answer

A) True 
 B)False

Question 16

eBay uses all of the following business models except:

Accepted Answer

A)  B2C market creator.
B)  C2C market creator.
C)  content provider.
D)  e-commerce infrastructure provider.E) A) and D)
F) None of the above

Question 17

Discuss the implications of each of the unique features of e-commerce technology for the overall business environment.

Accepted Answer

The ubiquity of e-commerce creates new m...

Question 18

In general, the key to becoming a successful content provider is to:

Accepted Answer

A)  own the content being provided.
B)  own the technology by which content is created, presented, and distributed.
C)  provide online content for free.
D)  provide other services as well as online content.E) All of the above
F) B) and D)

Question 19

All of the following are business models employed by the music industry except:

Accepted Answer

A)  subscription.
B)  peer-to-peer streaming.
C)  download-and-own.
D)  cloud streaming.E) A) and D)
F) All of the above

Question 20

A business document that specifically details how you plan on selling your product and find new customers is called a:

Accepted Answer

A)  sales analysis.
B)  business plan.
C)  competitive strategy.
D)  market strategy.E) A) and B)
F) B) and D)

Exam 2: E-Commerce Business Models and Concepts

Correct Answer
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Organizations that provide not only funding but also an array of services to start-up companies are referred to as:

Correct Answer
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Which of the following is an unfair competitive advantage?

Correct Answer
verified

The business model of e-distributors is quite similar to that of:

Correct Answer
verified

A business document that specifically details how you plan on selling your product and find new customers is called a:

Correct Answer
verified

eBay uses all of the following business models except:

Correct Answer
verified

All firms need an organization to efficiently implement their business plans and strategies.

Correct Answer
verified

Discuss the implications of each of the unique features of e-commerce technology for the overall business environment.

Correct Answer
verified
The ubiquity of e-commerce creates new m...
View Answer

A firm's ________ describes how a firm will produce a superior return on invested capital.

Correct Answer
verified

All of the following are key elements of a business model except:

Correct Answer
verified

In general, the key to becoming a successful content provider is to:

Correct Answer
verified

Which element of the business model examines who else occupies the firm's intended marketspace?

Correct Answer
verified

All of the following are examples of business-to-business (B2B) business models except:

Correct Answer
verified

Exostar is an example of a(n) :

Correct Answer
verified

Which of the following is not a variation of the e-tailer business model?

Correct Answer
verified

Which element of the business model addresses the question of why a customer should buy from the firm?

Correct Answer
verified

A ________ coordinates a firm's suppliers, distributors, and delivery firms with its own production needs using an Internet-based supply chain management system.

Correct Answer
verified

All of the following are business models employed by the music industry except:

Correct Answer
verified

Barriers to entry into the e-tail marketplace are high.

Correct Answer
verified

A value proposition defines how a company's product or service fulfills the needs of a customer.

Correct Answer
verified

Exam 2: E-Commerce Business Models and Concepts

Correct AnswerverifiedShow Answer

Organizations that provide not only funding but also an array of services to start-up companies are referred to as:

Correct AnswerverifiedShow Answer

Which of the following is an unfair competitive advantage?

Correct AnswerverifiedShow Answer

The business model of e-distributors is quite similar to that of:

Correct AnswerverifiedShow Answer

A business document that specifically details how you plan on selling your product and find new customers is called a:

Correct AnswerverifiedShow Answer

eBay uses all of the following business models except:

Correct AnswerverifiedShow Answer

All firms need an organization to efficiently implement their business plans and strategies.

Correct AnswerverifiedShow Answer

Discuss the implications of each of the unique features of e-commerce technology for the overall business environment.

Correct AnswerverifiedThe ubiquity of e-commerce creates new m...View AnswerShow Answer

A firm's ________ describes how a firm will produce a superior return on invested capital.

Correct AnswerverifiedShow Answer

All of the following are key elements of a business model except:

Correct AnswerverifiedShow Answer

In general, the key to becoming a successful content provider is to:

Correct AnswerverifiedShow Answer

Which element of the business model examines who else occupies the firm's intended marketspace?

Correct AnswerverifiedShow Answer

All of the following are examples of business-to-business (B2B) business models except:

Correct AnswerverifiedShow Answer

Exostar is an example of a(n) :

Correct AnswerverifiedShow Answer

Which of the following is not a variation of the e-tailer business model?

Correct AnswerverifiedShow Answer

Which element of the business model addresses the question of why a customer should buy from the firm?

Correct AnswerverifiedShow Answer

A ________ coordinates a firm's suppliers, distributors, and delivery firms with its own production needs using an Internet-based supply chain management system.

Correct AnswerverifiedShow Answer

All of the following are business models employed by the music industry except:

Correct AnswerverifiedShow Answer

Barriers to entry into the e-tail marketplace are high.

Correct AnswerverifiedShow Answer

A value proposition defines how a company's product or service fulfills the needs of a customer.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified
The ubiquity of e-commerce creates new m...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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