Podcast
Questions and Answers
Which of the following is NOT a unique feature of e-commerce technology?
Which of the following is NOT a unique feature of e-commerce technology?
- Universal standards
- Ubiquity
- Complexity of message (correct)
- Global reach
What is the relationship between the richness of a message and the reach of that message?
What is the relationship between the richness of a message and the reach of that message?
- They are directly proportional - the greater the reach, the greater the richness.
- Richness and reach have a complex, non-linear relationship that depends on other factors.
- They are inversely proportional - the greater the reach, the less the richness. (correct)
- They are unrelated - richness and reach are independent of each other.
Why does the ubiquity of e-commerce technology reduce transaction costs?
Why does the ubiquity of e-commerce technology reduce transaction costs?
- It provides access to a wider range of product and service options.
- It reduces the need to travel to a physical marketplace. (correct)
- It increases the number of potential buyers and sellers.
- It allows for more efficient processing of payments.
How does the global reach of e-commerce technology increase competition?
How does the global reach of e-commerce technology increase competition?
What is the primary benefit of the universal standards used in e-commerce technology?
What is the primary benefit of the universal standards used in e-commerce technology?
How does e-commerce technology address the issue of information asymmetry?
How does e-commerce technology address the issue of information asymmetry?
What is the key feature that distinguishes the internet from traditional media like TV?
What is the key feature that distinguishes the internet from traditional media like TV?
What does the term 'information density' refer to?
What does the term 'information density' refer to?
What is the difference between personalization and customization in the context of e-commerce?
What is the difference between personalization and customization in the context of e-commerce?
What is the significance of social technology in e-commerce?
What is the significance of social technology in e-commerce?
How do companies leverage the information density provided by e-commerce?
How do companies leverage the information density provided by e-commerce?
Which of the following statements is true about the potential of e-commerce, according to the text?
Which of the following statements is true about the potential of e-commerce, according to the text?
