Download E-Commerce Chapter 6 | ECE - Electronics 3 - Advanced and more Quizzes Electronics in PDF only on Docsity!
Bids
___ are the prices that potential buyers are willing to pay for an item. TERM 2
Social Networking Site
DEFINITION 2 allows individuals to create and publish a profile, create a list of other users with whom they share a connection (or connections), control that list, and monitor similar lists made by other users. TERM 3
Liquidation Brokers
DEFINITION 3 Smaller businesses often sell their unusable and excess inventory to them, these are firms that find buyers for these items. TERM 4
Dutch Auction
DEFINITION 4 is a form of open auction in which bidding starts at a high price and drops until a bidder accepts the price.* descending price * TERM 5
Are well known brand products good for
online shopping sites?
DEFINITION 5 True
Double Auction
In a double auction, buyers and sellers each submit combined price-quantity bids to an auctioneer. TERM 7
Yammer
DEFINITION 7 is a Microsoft application that is used for internal corporate social networking. Yammer is a freemium enterprise social networking service used for private communication within organizations. TERM 8
Are companies making their own internal
social networking sites?
DEFINITION 8 Yes A growing number of large organizations have built internal Web sites that provide opportunities for online social networking among their employees. TERM 9
Escrow Service
DEFINITION 9 is an independent party that holds a buyer's payment until the buyer receives the purchased item and is satisfied that the item is what the seller represented it to be.
Jailbreaking
DEFINITION 10 Modifying an Apple iPhone's operating system jailbreaking is the process of removing software restrictions imposed by iOS, Apple's mobile operating system, on devices running it through the use of software exploits.
Is the Dutch auction is also called an
ascending-price auction.
False, English auction is an ascending price auction TERM 17
Reverse Bid
DEFINITION 17 An auction where visitors describe items or services they want to buy, and a group of participating merchants reply with offers to supply the item at a particular price TERM 18
Is WAP mandatory due to larger mobile
phones?
DEFINITION 18 NoWireless Application Protocol TERM 19
Mobile Wallet
DEFINITION 19 phone that fuctions as a credit card TERM 20
Shill
Bidders
DEFINITION 20 People employed by a seller or an auctioneer to make bids on behalf of the seller
What is the most successful consumer auction
website?
Ebay TERM 22
Bulletin Board Systems (BBS)
DEFINITION 22 were computers that allowed users to connect using dial-up connections through telephone lines to read and post messages in a common discussion forum. TERM 23
Modifying an Android operating system is
called _______ the phone.
DEFINITION 23 Rooting TERM 24
Sniping Software
DEFINITION 24 Sniping software observes auction progress until the last second or two of the auction clock. wining a bid last second is called a snipe TERM 25
Lock-in-effect
DEFINITION 25 Existing auction sites, such as eBay, are inherently more valuable to customers than new auction sites
Participatory Journalism
trends towards having readers help write their own news TERM 32
Can blogs become businesses in themselves?
DEFINITION 32 yes they must generate financial support though through fees and advertising TERM 33
Location Aware mobile social networks
DEFINITION 33 mobile devices transmit their location to web sites TERM 34
how many social media users tagged their
posts with location in 2015?
DEFINITION 34 35% TERM 35
how many mobile users obtained direction or
location information through social media in
DEFINITION 35 82%
Business Uses of Social Media
businesses criticized for using social media experts agree social media should be managed differently than advertising efforts TERM 37
Social networking has 2 categories
called
DEFINITION 37 Social ApplicationsVirtual Communities TERM 38
Virtual Communities are
DEFINITION 38 online communities such as eharmony and chat groups TERM 39
Virtual communities are important because
DEFINITION 39 Foster customer relationships Request user input and feedback Develop Proponents/Advocates Manage PR quickly Facilitate peer-to-peer discussion TERM 40
What are the two revenue sources for Virtual
Communities?
DEFINITION 40 Fee-for-AccessAdvertising
What year was north america impacted by
mobile commerce?
TERM 47
in mobile commerce there is a market share
battle between
DEFINITION 47 apple and andriod
