MIS 304 Exam 2 | 147 questions with complete solution graded A+

Types of e-commerce - about internet exchange. Business models: categorized based on who is the "consumer" (buyer) and who is the "provider" (seller). B2B, B2C, C2C, G2C(gov), G2B, G2G brick-and-mortar - Space restrictions "Limit of how much space you can take up without increasing cost" Have limited shelf space in store.... Trust- Can talk to an associate about a product... Time- Can get the product Immediately click and mortar - Internet isn't restricted to a specific location, cost of business is lower, and "Unlimited shelf space" Long Tail - Can have Niche products and not worry about not wasting shelf space` Capabilities & benefits of e-commerce - mass customization disintermediation group buying new revenue social commerce (My Dad Grows New Stuff) Mass Customization - Firms can tailor their products and services to meet customer needs Disintermediation - cutting out the middleman and reaching customers more directly and efficiently (buying directly from retailer) Group Buying - if many people agree to purchase the product or service, they get significant discounts (Groupon)New Revenue - Can have a stream but have advertisement revenue on that stream