OMIS 350 Final Exam Questions with complete solution

OMIS 350 Final Exam
________ is a peer-to-peer market in which participants bet on the outcomes
of current events, business, or social trends. - correct answer ✔A prediction
market


Rich media advertisements are a sales-oriented marketing format. T/F -
correct answer ✔False


Net marketplaces may either support contractual purchasing based on long-
term relationships with designated suppliers or short-term spot purchasing.
T/F - correct answer ✔True


Advertising networks track a user's behavior at thousands of Web sites. T/F -
correct answer ✔True


Information asymmetry exists when there is more information about one
product than there is about a similar product. T/F - correct answer ✔False


Podcasting allows subscribers to listen to live, streaming radio and other
audio content. T/F - correct answer ✔False


Varying a product's price according to the supply situation of the seller is
called _________ pricing. - correct answer ✔dynamic


An example of the portal business model is Facebook. T/F - correct answer
✔False