ISDS 3001 END OF COURSE CORRECT QUESTIONS
AND ANSWERS SURE A+
✔✔What is folksonomy? - ✔✔Folksonomy emerges by aggregating and compiling the
individual categories created by users. The best example of this principle is a tag
cloud—used, for example, to organize pictures in online sharing services such as Flickr.
✔✔Define Ubiquity - ✔✔Ubiquity represents the idea that users of the device can
access needed resources from (in theory) anywhere.13 Mobile devices offer the highest
level of potential ubiquity among commercially available information technology (IT)
because they marry portability with connectivity
✔✔Define Identifiability - ✔✔Identifiability represents the idea that mobile devices
uniquely identify their user. In order to access the data grid, both smartphones and
tablets utilize the cellular network and use a subscriber identification module (SIM card).
Each SIM card has a unique identifier, and since telephones are usually personal
devices, each user can be uniquely identified to the network.
✔✔What is Context Awareness? - ✔✔Context awareness is enabled by the fact that
mobile devices can be geolocated. In other words, modern smartphones that
incorporate a GPS receiver can communicate their position to any software application
running on them.
,✔✔What is the business model? - ✔✔the business model tells us who the firm's
customer is, what the firm does for its customers, how it does it, and how it is going to
be compensated for what it does.
✔✔What are customer segments? - ✔✔Customer segments are all the people (i.e.,
consumers) or organizations for whom your firm is creating value.
✔✔What is a value proposition? - ✔✔A value proposition is the specific set, or bundle,
of products and services that create value for customers.
✔✔What are channels? - ✔✔Channels are the specific physical or digital conduits, or
touch points, the firm utilizes to deliver value to its customers.
✔✔What are customer relationships? - ✔✔Customer relationships are tangible and
emotional connections the firm establishes with the customer.
✔✔What are revenue streams? - ✔✔Revenue streams specify how the firm "monetizes"
its value proposition.
✔✔What are key resources? - ✔✔Key resources pertain to that section of the business
model that focuses on the tasks and assets that the firm needs to bring to bear to create
and deliver its value proposition to customers. Specifically, in the language of the
business model canvas, resources are the assets at the epicenter of the business
model, those tangible and intangible things within the control of the firm, without which
the value proposition could not exist in the current (or planned) form.
✔✔What are key activities? - ✔✔Key activities are the actions that characterize the
business model. They represent those activities that the firm must be able to perform
well in order to offer its value proposition.
✔✔What are key partnerships? - ✔✔Key partnerships complete that section of the
business model that focuses on how the value proposition is created and delivered.
✔✔What is cost structure? - ✔✔Cost structure is the equivalent of the revenue stream
building block. Rather than focusing on inflow of funds from downstream customers, it
focuses on outflows of cash to upstream partners and providers of resources.
✔✔What questions does the business model canvas answer? - ✔✔1. Who is the
business designed to serve?
2. What will the firm do for those customers?
3. How will the firm create its value proposition?
4. How will cash flow in and out of the business?
, ✔✔Define eCommerce - ✔✔Electronic Commerce is the process of distributing, buying,
selling, marketing, and servicing products and services over computer networks such as
the Internet.
✔✔What is electronic business? - ✔✔Electronic business is the use of Internet
technologies and other advanced IT to enable business processes and operations.
✔✔Define Business-to-consumer - ✔✔Business-to-consumer (BC2) transactions are
those that involve a for-profit organization on one side and an end consumer on the
other (i.e. online retailers)
✔✔Define business-to-business - ✔✔Business-to-business (B2B) transactions are
those in which two or more business entities take part (i.e. one business buying ink from
Staples which is another business)
✔✔Define consumer-to-consumer - ✔✔Consumer-to-consumer (C2C) transactions are
those that enable individual consumers to interact and transact directly (like how Etsy
enables individuals to sell their crafts to others or youtube/facebook who allow users to
interact)
✔✔Define consumer-to-business - ✔✔Consumer-to-business transactions occur when
individuals transact with business organizations not as buyers of goods and services but
as suppliers.
✔✔Define eGovernment - ✔✔Electronic government, or eGovernment, refers to all
transactions involving legislative and administrative institutions (i.e. electronic filling on
taxes and electronic voting)
✔✔What have we defined as: "an online exchange of value"?
Select one:
A.
Electronic commerce
B.
Electronic information goods
C.
Electronic business
D.
Electronic network effects - ✔✔Electronic Commerce
✔✔When categorizing eCommerce initiatives by company structure, which category
does Walmart fall into?
Select one:
A.Bricks and Clicks
B.Pure Play
C.Brick and Mortar
AND ANSWERS SURE A+
✔✔What is folksonomy? - ✔✔Folksonomy emerges by aggregating and compiling the
individual categories created by users. The best example of this principle is a tag
cloud—used, for example, to organize pictures in online sharing services such as Flickr.
✔✔Define Ubiquity - ✔✔Ubiquity represents the idea that users of the device can
access needed resources from (in theory) anywhere.13 Mobile devices offer the highest
level of potential ubiquity among commercially available information technology (IT)
because they marry portability with connectivity
✔✔Define Identifiability - ✔✔Identifiability represents the idea that mobile devices
uniquely identify their user. In order to access the data grid, both smartphones and
tablets utilize the cellular network and use a subscriber identification module (SIM card).
Each SIM card has a unique identifier, and since telephones are usually personal
devices, each user can be uniquely identified to the network.
✔✔What is Context Awareness? - ✔✔Context awareness is enabled by the fact that
mobile devices can be geolocated. In other words, modern smartphones that
incorporate a GPS receiver can communicate their position to any software application
running on them.
,✔✔What is the business model? - ✔✔the business model tells us who the firm's
customer is, what the firm does for its customers, how it does it, and how it is going to
be compensated for what it does.
✔✔What are customer segments? - ✔✔Customer segments are all the people (i.e.,
consumers) or organizations for whom your firm is creating value.
✔✔What is a value proposition? - ✔✔A value proposition is the specific set, or bundle,
of products and services that create value for customers.
✔✔What are channels? - ✔✔Channels are the specific physical or digital conduits, or
touch points, the firm utilizes to deliver value to its customers.
✔✔What are customer relationships? - ✔✔Customer relationships are tangible and
emotional connections the firm establishes with the customer.
✔✔What are revenue streams? - ✔✔Revenue streams specify how the firm "monetizes"
its value proposition.
✔✔What are key resources? - ✔✔Key resources pertain to that section of the business
model that focuses on the tasks and assets that the firm needs to bring to bear to create
and deliver its value proposition to customers. Specifically, in the language of the
business model canvas, resources are the assets at the epicenter of the business
model, those tangible and intangible things within the control of the firm, without which
the value proposition could not exist in the current (or planned) form.
✔✔What are key activities? - ✔✔Key activities are the actions that characterize the
business model. They represent those activities that the firm must be able to perform
well in order to offer its value proposition.
✔✔What are key partnerships? - ✔✔Key partnerships complete that section of the
business model that focuses on how the value proposition is created and delivered.
✔✔What is cost structure? - ✔✔Cost structure is the equivalent of the revenue stream
building block. Rather than focusing on inflow of funds from downstream customers, it
focuses on outflows of cash to upstream partners and providers of resources.
✔✔What questions does the business model canvas answer? - ✔✔1. Who is the
business designed to serve?
2. What will the firm do for those customers?
3. How will the firm create its value proposition?
4. How will cash flow in and out of the business?
, ✔✔Define eCommerce - ✔✔Electronic Commerce is the process of distributing, buying,
selling, marketing, and servicing products and services over computer networks such as
the Internet.
✔✔What is electronic business? - ✔✔Electronic business is the use of Internet
technologies and other advanced IT to enable business processes and operations.
✔✔Define Business-to-consumer - ✔✔Business-to-consumer (BC2) transactions are
those that involve a for-profit organization on one side and an end consumer on the
other (i.e. online retailers)
✔✔Define business-to-business - ✔✔Business-to-business (B2B) transactions are
those in which two or more business entities take part (i.e. one business buying ink from
Staples which is another business)
✔✔Define consumer-to-consumer - ✔✔Consumer-to-consumer (C2C) transactions are
those that enable individual consumers to interact and transact directly (like how Etsy
enables individuals to sell their crafts to others or youtube/facebook who allow users to
interact)
✔✔Define consumer-to-business - ✔✔Consumer-to-business transactions occur when
individuals transact with business organizations not as buyers of goods and services but
as suppliers.
✔✔Define eGovernment - ✔✔Electronic government, or eGovernment, refers to all
transactions involving legislative and administrative institutions (i.e. electronic filling on
taxes and electronic voting)
✔✔What have we defined as: "an online exchange of value"?
Select one:
A.
Electronic commerce
B.
Electronic information goods
C.
Electronic business
D.
Electronic network effects - ✔✔Electronic Commerce
✔✔When categorizing eCommerce initiatives by company structure, which category
does Walmart fall into?
Select one:
A.Bricks and Clicks
B.Pure Play
C.Brick and Mortar
