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Questions and Answers
What is the main focus of Chapter 1 in the text?
What is the main focus of Chapter 1 in the text?
- The impact of electronic communications on traditional businesses.
- Digital business risks and barriers to business adoption.
- Business adoption of digital technologies for ecommerce and digital business.
- Digital business opportunities. (correct)
Which company has been used as an example to illustrate digital business innovation and opportunity?
Which company has been used as an example to illustrate digital business innovation and opportunity?
- AltaVista
- Yahoo
- Hotmail
- Amazon (correct)
What is the difference between digital business and e-commerce?
What is the difference between digital business and e-commerce?
- E-commerce focuses on physical goods while digital business focuses on digital products.
- E-commerce is more profitable than digital business.
- Digital business encompasses a wider range of activities including e-commerce. (correct)
- Digital business is only for large organizations while e-commerce is for small businesses.
What are the ongoing business challenges highlighted in Slide 1.5?
What are the ongoing business challenges highlighted in Slide 1.5?
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According to the text, what is the impact of electronic communications on traditional businesses?
According to the text, what is the impact of electronic communications on traditional businesses?
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Study Notes
Chapter 1 Overview
- Chapter 1 focuses on digital business innovation and opportunity.
Example of Digital Business Innovation
- Amazon has been used as an example to illustrate digital business innovation and opportunity.
Digital Business vs E-commerce
- Digital business is a broader concept that involves the use of digital technology to create new business models, products, and services, whereas e-commerce is a narrower concept that focuses on buying and selling products online.
Ongoing Business Challenges
- Ongoing business challenges include adapting to changing customer needs, managing global supply chains, and addressing environmental sustainability.
Impact of Electronic Communications on Traditional Businesses
- Electronic communications have forced traditional businesses to re-evaluate their business models, as they face increased competition from online businesses and changing customer expectations.
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