The Internet and Information Sharing

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Questions and Answers

What best describes e-commerce?

A physical exchange of goods through retail stores.

A method of marketing that avoids digital platforms.

The use of electronic data transmission to implement or enhance business activity. (correct)

Only the sale of products online.

Which of the following is NOT a business model of e-commerce?

Business-to-Business (B2B)

Business-to-Consumer (B2C)

Retail-to-Consumer (R2C) (correct)

Consumer-to-Business (C2B)

How does e-commerce contribute to cost reduction strategies?

Through reduced need for physical inventory management. (correct)

By avoiding electronic communication.

By enhancing in-store customer interactions.

Through increased operational expenses.

What is one primary advantage of the Internet over traditional commerce?

Interoperability between devices connected to the Internet. Signup and view all the answers

What can be considered a key property of the Internet?

It enables communication between any connected computers. Signup and view all the answers

Which of the following best describes a buyer’s viewpoint of commerce?

Emphasizing the acquisition of goods or services. Signup and view all the answers

What aspect of business communication technology does e-commerce utilize?

Integration of electronic transmission for business activities. Signup and view all the answers

Which of the following is a challenge faced by organizations in e-commerce?

Implementing secure electronic transactions. Signup and view all the answers

What is the primary advantage of the Internet compared to traditional media?

Everyone can publish and reach global audiences. Signup and view all the answers

How does the Internet facilitate cost reduction in information dissemination?

By enabling always accurate and up-to-date information sharing. Signup and view all the answers

What is a significant implication of the ability for small merchants to use the Internet?

They can reach customers effectively without the need for physical stores. Signup and view all the answers

What role does customer information databases play in internet commerce?

They enable effective communication with individual customers. Signup and view all the answers

In what way is internet communication technology different from traditional telephone communication?

It allows for multiple people to be reached simultaneously. Signup and view all the answers

What must businesses establish to effectively utilize technology for achieving their goals online?

A clear idea of their business goals. Signup and view all the answers

What limits do traditional mass media face that the Internet does not?

Investment required to create and distribute content. Signup and view all the answers

What aspect of the Internet enables accurate and searchable information to be provided at lower costs?

Its searchable nature and cost-effective publishing. Signup and view all the answers

What is a benefit of e-commerce in terms of market access?

Enhanced digital marketing capabilities Signup and view all the answers

Which of the following is NOT considered a cost reduction strategy in business?

Investing in more physical retail spaces Signup and view all the answers

How do web technologies contribute to business communication?

They enable applications without the need for client-side installations Signup and view all the answers

Which protocol is primarily used for sending and receiving email over a network?

Simple Mail Transfer Protocol (SMTP) Signup and view all the answers

What distinguishes the Domain Name System (DNS) from traditional media access?

DNS converts human addresses to machine-readable IP addresses Signup and view all the answers

Which of the following is a true statement about cost savings in networked environments?

Remote file access can increase storage capacity while reducing costs Signup and view all the answers

What is the primary function of the Routing Information Protocol (RIP)?

Optimize routing paths using hop count as a metric Signup and view all the answers

Why is it advantageous for businesses to utilize resource sharing in computer networks?

Enhances data access and reduces individual resource costs Signup and view all the answers

Study Notes

The Internet's Advantages

Enables low-cost, up-to-date, and searchable information delivery.
Allows anyone to publish and reach global audiences, differing from traditional media.

Differences Between the Internet and Other Media

The Internet permits mass communication without simultaneous availability, unlike phones.
Traditional media require significant resources and investment for production and distribution.

Implications for Businesses

Small merchants can effectively reach customers through the Internet.
Combining communication technology with customer databases allows for personalized marketing efforts.

Business Goals in Internet Commerce

Internet commerce involves leveraging technology to achieve clear business objectives.
Clarity in business goals is crucial for effectively utilizing the network, which can reduce the cost and complexity of transactions.

Course Overview on Electronic Commerce

Focuses on e-commerce applications, technologies, and tools for online business operations.
Reviews foundations, infrastructures, and various business models: B2C, C2B, B2B, C2C.
Discusses current online threats and mitigation strategies, including secure credential services and electronic payment systems.

Traditional Commerce Definition

Involves exchanging valuable goods or services between two or more parties.
Can be viewed from both buyer's and seller's perspectives, each involving distinct business processes.

E-commerce Definition

Defined as using electronic data transmission to enhance business activities.
Example: A buyer sends an electronic purchase order; the seller responds with an electronic invoice.
Effective e-commerce can save time and costs, sometimes integrating traditional methods.

Key Properties of the Internet

Interoperability: Devices connect if they can communicate over the network.
File sharing: Users can share data and access remote information on connected devices.
Resource sharing: Allows sharing of resources like storage and printers across a network.
Cost-efficiency through shared connections enhances security.

Benefits of Internet Technologies

Introduces new business models such as e-commerce and online advertising.
Allows applications to run without requiring client-side installations.

Network Protocol Stack

Illustrates the interaction between clients and servers using different protocols (HTTP, TCP, IP, Ethernet).

Key Network Protocols

Simple Mail Transfer Protocol (SMTP): Standard protocol for sending and receiving emails over TCP/IP.
Domain Name System (DNS): Hierarchical system for translating human-readable addresses to machine IP addresses.
Routing Information Protocol (RIP): Dynamic protocol that determines optimal routing paths using hop count metrics.

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Description

Explore how the Internet revolutionizes information dissemination and publishing. Understand key differences between the Internet and traditional media in terms of reach and accessibility. This quiz covers essential concepts of online information products and their impact on availability and accuracy.