firm buys on the marketplace what it cannot make itself are referred to as (Points : 1) [pic] switching costs. [pic] transaction costs. [pic] procurement. [pic] agency costs. [pic][pic][pic][pic][pic][pic] 2. Disintermediation (Points : 1) [pic] results from the speed of the Internet. [pic] is defined as the elimination of layers in the distribution process. [pic] is a result of social networking. [pic] All of the above [pic][pic][pic][pic][pic][pic]
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E-Commerce Study Questions Chapter 1 1. What is e-commerce? How does it differ from e-business? Where does it intersect with e-business? E-commerce‚ in the popular sense‚ can be defined as: the use of the Internet and the Web to conduct business transactions. A more technical definition would be: e-commerce involves digitally enabled commercial transactions between and among organizations and individuals. E-commerce differs from e-business in that no commercial transaction‚ an exchange of
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turning back to high street travel agents seeking a human touch. ABTA (2012) reveal that "consumers value the help of a human being and the reassurance of dealing with someone face-to-face". In order to deal effectively with this problem of disintermediation‚ the topic has been researched with the purpose of investigating the future situation concerning high street travel agents. Main body/ discussion According to the latest figures from ABTA (2012) consumers are turning back to the high street
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Tutorial Three chapter 5 & 7 1. Why is an understanding of tourism supply fundamental to the analysis of how the tourism sector is organized and operates? Supply is the result of productive activities and exists to meet the tourism demand. Supply can be classified into three categories: a) Descriptions of industry‚ its operations‚ management and marketing. b) The Spatial (geographic development) and interactions which characterise the industry on a local‚ national and international
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The Role of Financial Intermediaries and Financial Markets FOCUS OF THE CHAPTER This chapter provides an analysis of the roles and importance of financial institutions and financial markets‚ two important parts of the financial system. A broad classification of Canadian financial institutions is presented with an historical overview. Some basic classifications of financial markets are described. The chapter ends with an evaluation of the importance of the financial system to the Canadian economy
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switching costs. | | | | transaction costs. | | | | procurement. | | | | agency costs. | | Instructor Explanation: | p. 376 | | | | Points Received: | 1 of 1 | | Comments: | | | | 2. | Question : | Disintermediation | | | Student Answer: | | results from the speed of the Internet. | | | | is defined as the elimination of layers in the distribution process. | | | | is a result of social networking. | | | | All of the above |
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INFO Systems test 3 1) Well managed organizations that _____ are critical‚ complex and dynamic. A. Business processes B. Informations systems C. Boundaries D. Function 2) The first step in a business process management is to A. Create components B. Implement processes C. Create a model D. Assess results 3) In the diagram‚ the rounded rectangles refer to: A. Decisions B. Data C. Activities D. Facilities E. None 4) The type of diagram
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* Convenience * Helpful for disables and aged people * Time saving * Information availability * Helpful for new business * Jobs for society * 24 hour service * Available niche products * Disintermediation * Environment friendly Negative effects of e-commerce on society * Unemployment * Increase in crime * Health concerns * Natural causes * Loss to retailers * Environmental harms * Wrong information
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Time saving * No need to wasting time to going place to place Information availability * All information’s are include in site * Easy to find Jobs for society * 24 hour service * * Available niche products * Disintermediation * This means that there is no middle person in the business .the deal is only done with the customer and owner * Environment friendly * Which means e commerce can be used to order something instead of traveling to place with a vehicle
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Answers to Pause/Break Section Review Questions Section 2.1 Review Questions 1. What is the difference between a physical marketplace and an e-marketplace (marketspace)? A marketspace is an electronic marketplace. While traditional marketplaces are constrained by their physical locations‚ marketspaces use technology to eliminate this constraint (by being online). 2. List the components of a marketspace. A marketspace consists of the following components: customers‚ sellers‚ goods
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