Chap 1 Flashcards
In SWOT analysis, the question “Are industry trends moving upward?” involves identifying the _____ of an organization.
Opportunities
Businesses that engage in electronic data interchange with each other are called _____.
Trading partners
An infrastructure issue that a company faces when it conducts international commerce includes _____
Communication costs
Banks use _____, which are electronic transmissions of account exchange information over private communications’ networks.
Wire transfers
Consumer shopping on the Web is often called _____.
B2C
_____ is a primary activity undertaken by an organization’s strategic business unit.
Identifying customers
Electronic funds transfers are also called _____.
Wire transfer
According to Porter, _____ describes the larger stream of activities into which a particular business unit’s value chain is embedded.
Value system
_____ are the total of all costs that a buyer and a seller incur as they gather information and negotiate a purchase-and-sale transaction.
Transaction costs
As more people participate in a network, the value of the network to each participant increases. This increase in value is called a _____.
Network effect
_____ can be a better way to sell items that rely on personal selling skills.
Traditional commerce
_____ is the use of interpersonal connections online to promote or sell goods and services.
Social commerce
A _____ is a way of organizing the activities that each strategic business unit undertakes to design, produce, promote, market, deliver, and support the products or services it sells.
Value chain
A(n) _____ is a set of processes that combine to achieve a company’s primary goal, which is typically to yield a profit.
Business model
A(n) _____ is an independent firm that offers connection and transaction-forwarding services to buyers and sellers engaged in electronic data interchange.
Value added network
