Podcast
Questions and Answers
What strategy involves producing goods or services at the lowest possible cost?
What strategy involves producing goods or services at the lowest possible cost?
Which factor refers to the power of suppliers in an industry?
Which factor refers to the power of suppliers in an industry?
What does the threat of substitute products refer to?
What does the threat of substitute products refer to?
Which strategy involves developing a unique and different product from competitors?
Which strategy involves developing a unique and different product from competitors?
Signup and view all the answers
What does 'growth' strategy involve?
What does 'growth' strategy involve?
Signup and view all the answers
What does 'innovation' strategy involve?
What does 'innovation' strategy involve?
Signup and view all the answers
What does cloud computing mean in the simplest terms?
What does cloud computing mean in the simplest terms?
Signup and view all the answers
What are the characteristics that define cloud data, applications, services, and infrastructure?
What are the characteristics that define cloud data, applications, services, and infrastructure?
Signup and view all the answers
Who is cloud computing available to?
Who is cloud computing available to?
Signup and view all the answers
What is the model for enabling convenient, on-demand network access to a shared pool of configurable computing resources?
What is the model for enabling convenient, on-demand network access to a shared pool of configurable computing resources?
Signup and view all the answers
What do cloud computing customers avoid when they pay a provider only for what they use?
What do cloud computing customers avoid when they pay a provider only for what they use?
Signup and view all the answers
What does ubiquitous mean in the context of cloud computing?
What does ubiquitous mean in the context of cloud computing?
Signup and view all the answers
What are the three main service models of cloud computing?
What are the three main service models of cloud computing?
Signup and view all the answers
What is a characteristic of cloud computing that allows for resources to be rapidly provisioned and released?
What is a characteristic of cloud computing that allows for resources to be rapidly provisioned and released?
Signup and view all the answers
What are the types of e-commerce mentioned in the text?
What are the types of e-commerce mentioned in the text?
Signup and view all the answers
What is a disadvantage of e-commerce mentioned in the text?
What is a disadvantage of e-commerce mentioned in the text?
Signup and view all the answers
What is a characteristic of cryptocurrencies such as Bitcoin?
What is a characteristic of cryptocurrencies such as Bitcoin?
Signup and view all the answers
What are the challenges mentioned in relation to cloud computing?
What are the challenges mentioned in relation to cloud computing?
Signup and view all the answers
What is the primary characteristic of cloud data, applications, services, and infrastructure?
What is the primary characteristic of cloud data, applications, services, and infrastructure?
Signup and view all the answers
What does 'ubiquitous' mean in the context of cloud computing?
What does 'ubiquitous' mean in the context of cloud computing?
Signup and view all the answers
What is the main characteristic of cloud computing that allows for a utility computing model similar to traditional utilities?
What is the main characteristic of cloud computing that allows for a utility computing model similar to traditional utilities?
Signup and view all the answers
Who is cloud computing available to?
Who is cloud computing available to?
Signup and view all the answers
What is a key factor that cloud computing customers avoid when they pay a provider only for what they use?
What is a key factor that cloud computing customers avoid when they pay a provider only for what they use?
Signup and view all the answers
What is the primary model for enabling convenient, on-demand network access to a shared pool of configurable computing resources?
What is the primary model for enabling convenient, on-demand network access to a shared pool of configurable computing resources?
Signup and view all the answers
What do cloud computing users pay for under the utility computing model?
What do cloud computing users pay for under the utility computing model?
Signup and view all the answers
What does the term 'commodified' mean in the context of cloud computing?
What does the term 'commodified' mean in the context of cloud computing?
Signup and view all the answers
What does cloud computing enable in terms of resources provision and release?
What does cloud computing enable in terms of resources provision and release?
Signup and view all the answers
What do cloud computing customers not own under the cloud computing model?
What do cloud computing customers not own under the cloud computing model?
Signup and view all the answers
What is the main advantage of e-commerce mentioned in the text?
What is the main advantage of e-commerce mentioned in the text?
Signup and view all the answers
What is the key characteristic of cloud computing that allows for resources to be rapidly provisioned and released?
What is the key characteristic of cloud computing that allows for resources to be rapidly provisioned and released?
Signup and view all the answers
What are the challenges mentioned in relation to cloud computing?
What are the challenges mentioned in relation to cloud computing?
Signup and view all the answers
What type of e-commerce involves transactions between businesses and consumers?
What type of e-commerce involves transactions between businesses and consumers?
Signup and view all the answers
What is a disadvantage of e-commerce mentioned in the text?
What is a disadvantage of e-commerce mentioned in the text?
Signup and view all the answers
What are the three main service models of cloud computing?
What are the three main service models of cloud computing?
Signup and view all the answers
What is a characteristic of cryptocurrencies such as Bitcoin?
What is a characteristic of cryptocurrencies such as Bitcoin?
Signup and view all the answers
What is one opportunity enabled by cloud computing?
What is one opportunity enabled by cloud computing?
Signup and view all the answers
What strategy involves developing a unique and different product from competitors?
What strategy involves developing a unique and different product from competitors?
Signup and view all the answers
What does e-commerce allow businesses to do on a global scale?
What does e-commerce allow businesses to do on a global scale?
Signup and view all the answers
What strategy involves producing goods or services at the lowest possible cost?
What strategy involves producing goods or services at the lowest possible cost?
Signup and view all the answers
What is an example of the Cost Leadership strategy mentioned in the text?
What is an example of the Cost Leadership strategy mentioned in the text?
Signup and view all the answers
What strategy involves developing a product that is unique and different from other competitors?
What strategy involves developing a product that is unique and different from other competitors?
Signup and view all the answers
Which factor refers to the power of buyers in an industry?
Which factor refers to the power of buyers in an industry?
Signup and view all the answers
What does the term 'switching costs' refer to in the context of suppliers?
What does the term 'switching costs' refer to in the context of suppliers?
Signup and view all the answers
What does the 'threat of substitute products' refer to?
What does the 'threat of substitute products' refer to?
Signup and view all the answers
What does the 'power of suppliers' refer to?
What does the 'power of suppliers' refer to?
Signup and view all the answers
What does 'alliance' strategy involve?
What does 'alliance' strategy involve?
Signup and view all the answers
What is a characteristic of responding to competition through growth strategy?
What is a characteristic of responding to competition through growth strategy?
Signup and view all the answers
What is a characteristic of responding to competition through innovation strategy?
What is a characteristic of responding to competition through innovation strategy?
Signup and view all the answers
What is one of the key characteristics of cloud computing?
What is one of the key characteristics of cloud computing?
Signup and view all the answers
What is the primary model for enabling convenient, on-demand network access to a shared pool of configurable computing resources?
What is the primary model for enabling convenient, on-demand network access to a shared pool of configurable computing resources?
Signup and view all the answers
What is a disadvantage of e-commerce mentioned in the text?
What is a disadvantage of e-commerce mentioned in the text?
Signup and view all the answers
What is a characteristic of cryptocurrencies such as Bitcoin?
What is a characteristic of cryptocurrencies such as Bitcoin?
Signup and view all the answers
What is an opportunity enabled by cloud computing?
What is an opportunity enabled by cloud computing?
Signup and view all the answers
What strategy involves producing goods or services at the lowest possible cost?
What strategy involves producing goods or services at the lowest possible cost?
Signup and view all the answers
What does 'B2C' stand for in the context of e-commerce?
What does 'B2C' stand for in the context of e-commerce?
Signup and view all the answers
What is a competitive advantage of e-commerce mentioned in the text?
What is a competitive advantage of e-commerce mentioned in the text?
Signup and view all the answers
What are the challenges mentioned in relation to cloud computing?
What are the challenges mentioned in relation to cloud computing?
Signup and view all the answers
What is the primary characteristic of cloud data, applications, services, and infrastructure?
What is the primary characteristic of cloud data, applications, services, and infrastructure?
Signup and view all the answers
What is an example of the Cost Leadership strategy mentioned in the text?
What is an example of the Cost Leadership strategy mentioned in the text?
Signup and view all the answers
What does the term 'switching costs' refer to in the context of suppliers?
What does the term 'switching costs' refer to in the context of suppliers?
Signup and view all the answers
What does the threat of substitute products refer to?
What does the threat of substitute products refer to?
Signup and view all the answers
What does 'alliance' strategy involve?
What does 'alliance' strategy involve?
Signup and view all the answers
What is a characteristic of cryptocurrencies such as Bitcoin?
What is a characteristic of cryptocurrencies such as Bitcoin?
Signup and view all the answers
What are the characteristics that define cloud data, applications, services, and infrastructure?
What are the characteristics that define cloud data, applications, services, and infrastructure?
Signup and view all the answers
What is a disadvantage of e-commerce mentioned in the text?
What is a disadvantage of e-commerce mentioned in the text?
Signup and view all the answers
What does 'growth' strategy involve?
What does 'growth' strategy involve?
Signup and view all the answers
What do cloud computing customers not own under the cloud computing model?
What do cloud computing customers not own under the cloud computing model?
Signup and view all the answers
What strategy does British Airways pride itself on, according to the text?
What strategy does British Airways pride itself on, according to the text?
Signup and view all the answers
What does the 'power of buyers' in an industry refer to?
What does the 'power of buyers' in an industry refer to?
Signup and view all the answers
What is an example of responding to competition through the Growth strategy, as mentioned in the text?
What is an example of responding to competition through the Growth strategy, as mentioned in the text?
Signup and view all the answers
What does the 'threat of substitute products' refer to?
What does the 'threat of substitute products' refer to?
Signup and view all the answers
"Cost Leadership" strategy involves producing goods or services at:
"Cost Leadership" strategy involves producing goods or services at:
Signup and view all the answers
What is an example of responding to competition through Innovation strategy, as mentioned in the text?
What is an example of responding to competition through Innovation strategy, as mentioned in the text?
Signup and view all the answers
What does 'Alliance' strategy involve?
What does 'Alliance' strategy involve?
Signup and view all the answers
What is an example of responding to competition through Cost Leadership strategy, as mentioned in the text?
What is an example of responding to competition through Cost Leadership strategy, as mentioned in the text?
Signup and view all the answers
Study Notes
– Cloud computing is a type of computing that offers on-demand access to a shared pool of resources over the internet. The key characteristics of cloud computing are: 1. On-demand self-service, 2. Broad network access, 3. Resource pooling, 4. Rapid elasticity, 5. Measured service. – There are three main service models of cloud computing: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). – Cloud computing enables companies and applications to be infrastructure-less and save on capital and operational investments. – Opportunities of cloud computing include: flexibility, cost savings, accessibility, and economies of scale. – Challenges of cloud computing include: security concerns, dependency on third parties, and policy and access issues. – E-commerce is a term used to describe any type of business or commercial transaction conducted over the internet. – The main types of e-commerce include: Business-to-Business (B2B), Business-to-Consumer (B2C), Business-to-Employee (B2E), Consumer-to-Consumer (C2C), and Consumer-to-Business (C2B). – Digital assets are the perfect match for digital markets as they have virtually zero production costs and a global distribution channel. – Advantages of e-commerce include: faster buying/selling process, global reach, no distance or time barriers, and cost savings. – Disadvantages of e-commerce include: inability to examine products personally, lack of human interaction, potential security concerns, and limited availability of stock. – Crypto currencies, such as Bitcoin, are digital or virtual currencies that use cryptography for security. They operate independently of a central bank and can be transferred directly between individuals without the need for intermediaries. – A competitive advantage of e-commerce is the ease of entry for new businesses, as there are fewer barriers to entry compared to traditional retail. – E-commerce allows businesses to operate on a global scale, reach customers 24 hours a day, and automate sales processes, resulting in cost savings and increased efficiency. – E-commerce also provides buyers with a wider range of choices and the ability to access products from anywhere in the world. – E-commerce has several disadvantages, including the inability to examine products personally, potential security concerns, and the possibility of international legislation and shipping issues. – Cloud computing and e-commerce are two distinct but related technologies that have revolutionized the way businesses operate and interact with customers.
– Cloud computing is a type of computing that offers on-demand access to a shared pool of resources over the internet. The key characteristics of cloud computing are: 1. On-demand self-service, 2. Broad network access, 3. Resource pooling, 4. Rapid elasticity, 5. Measured service. – There are three main service models of cloud computing: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). – Cloud computing enables companies and applications to be infrastructure-less and save on capital and operational investments. – Opportunities of cloud computing include: flexibility, cost savings, accessibility, and economies of scale. – Challenges of cloud computing include: security concerns, dependency on third parties, and policy and access issues. – E-commerce is a term used to describe any type of business or commercial transaction conducted over the internet. – The main types of e-commerce include: Business-to-Business (B2B), Business-to-Consumer (B2C), Business-to-Employee (B2E), Consumer-to-Consumer (C2C), and Consumer-to-Business (C2B). – Digital assets are the perfect match for digital markets as they have virtually zero production costs and a global distribution channel. – Advantages of e-commerce include: faster buying/selling process, global reach, no distance or time barriers, and cost savings. – Disadvantages of e-commerce include: inability to examine products personally, lack of human interaction, potential security concerns, and limited availability of stock. – Crypto currencies, such as Bitcoin, are digital or virtual currencies that use cryptography for security. They operate independently of a central bank and can be transferred directly between individuals without the need for intermediaries. – A competitive advantage of e-commerce is the ease of entry for new businesses, as there are fewer barriers to entry compared to traditional retail. – E-commerce allows businesses to operate on a global scale, reach customers 24 hours a day, and automate sales processes, resulting in cost savings and increased efficiency. – E-commerce also provides buyers with a wider range of choices and the ability to access products from anywhere in the world. – E-commerce has several disadvantages, including the inability to examine products personally, potential security concerns, and the possibility of international legislation and shipping issues. – Cloud computing and e-commerce are two distinct but related technologies that have revolutionized the way businesses operate and interact with customers.
– Cloud computing is a type of computing that offers on-demand access to a shared pool of resources over the internet. The key characteristics of cloud computing are: 1. On-demand self-service, 2. Broad network access, 3. Resource pooling, 4. Rapid elasticity, 5. Measured service. – There are three main service models of cloud computing: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). – Cloud computing enables companies and applications to be infrastructure-less and save on capital and operational investments. – Opportunities of cloud computing include: flexibility, cost savings, accessibility, and economies of scale. – Challenges of cloud computing include: security concerns, dependency on third parties, and policy and access issues. – E-commerce is a term used to describe any type of business or commercial transaction conducted over the internet. – The main types of e-commerce include: Business-to-Business (B2B), Business-to-Consumer (B2C), Business-to-Employee (B2E), Consumer-to-Consumer (C2C), and Consumer-to-Business (C2B). – Digital assets are the perfect match for digital markets as they have virtually zero production costs and a global distribution channel. – Advantages of e-commerce include: faster buying/selling process, global reach, no distance or time barriers, and cost savings. – Disadvantages of e-commerce include: inability to examine products personally, lack of human interaction, potential security concerns, and limited availability of stock. – Crypto currencies, such as Bitcoin, are digital or virtual currencies that use cryptography for security. They operate independently of a central bank and can be transferred directly between individuals without the need for intermediaries. – A competitive advantage of e-commerce is the ease of entry for new businesses, as there are fewer barriers to entry compared to traditional retail. – E-commerce allows businesses to operate on a global scale, reach customers 24 hours a day, and automate sales processes, resulting in cost savings and increased efficiency. – E-commerce also provides buyers with a wider range of choices and the ability to access products from anywhere in the world. – E-commerce has several disadvantages, including the inability to examine products personally, potential security concerns, and the possibility of international legislation and shipping issues. – Cloud computing and e-commerce are two distinct but related technologies that have revolutionized the way businesses operate and interact with customers.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of the fundamental concepts of cloud computing with this quiz. Learn about storing and accessing data and programs over the internet instead of traditional computer hard drives, as well as the characteristics that define cloud data, applications, services, and infrastructure.
