MBA 705 LSUS MCLAUGHLIN EXAM 2 NEWEST
VERSION 2025/2026 ACTUAL QUESTION AND
CORRECT DETAILED VERIFIED ANSWERS FROM
VERIFIED SOURCES RATED A GRADE.
Save
Practice questions for this set
Learn 1 /7 Study with Learn
The segment of electronic commerce whereby businesses utilize the Internet
to solicit transactions from consumers, also known as e-tailing.
Choose matching term
C. Social forces include such factors
1 Business-to-Business (B2B): 2 as societal values, trends, traditions,
and religious practices.
3 Information Asymmetry: 4 Business-to-Consumer (B2C):
Don't know?
,Terms in this set (135)
The segment of electronic commerce whereby
Business-to-Business
businesses utilize the Internet to solicit transactions
(B2B):
from each other.
The segment of electronic commerce whereby
Business-to-Consumer
businesses utilize the Internet to solicit transactions
(B2C):
from consumers, also known as e-tailing.
The segment of electronic commerce whereby
Business-to-Government
businesses utilize the Internet to solicit transactions
(B2G):
from government entities.
The simultaneous application of both electronic
Clicks and Bricks:
("clicks") and traditional ("bricks") forms of commerce.
A process whereby firms are having a more difficult
Commoditization: time distinguishing their products and services from
those of their rivals.
The segment of electronic commerce whereby
Consumer-to-Business
consumers utilize the Internet to solicit transactions
(C2B):
from businesses.
The segment of e-commerce whereby consumers
Consumer-to-Consumer
utilize the Internet to solicit transactions from each
(C2C):
other.
A society's generally accepted values, traditions, and
Culture:
patterns of behavior.
E-tailing: Another term for B2C.
The decline in unit costs of a product or service that
Economies of Scale: occurs as the absolute volume of production
increases.
The systematic collection and analysis of information
Environmental Scanning:
about relevant macroenvironmental trends.
, When one party has information that another does
Information Asymmetry:
not.
When all parties to a transaction share the same
Information Symmetry:
information concerning that transaction.
The ability to individualize product and service
Mass Customization:
offerings to meet specific buyer needs
Transactions conducted in an entirely wireless
Mobile Commerce (M- environment, such as using a smartphone to both
Commerce): purchase and download an airline ticket or piece of
music.
Contracting out a firm's noncore, non-revenue-
Outsourcing: producing activities to other organizations primarily to
reduce costs.
Contractual relationships with enterprises outside the
Partnerships:
organization.
The unconscious reference to one's own cultural
Self-Reference Criterion:
values as a standard of judgment.
Concepts and beliefs that members of a society tend
Societal Values:
to hold in high esteem.
T/F In many respects, social forces are the drivers of
True
consumer markets.
T/F The expansion of a religion in an emerging
True
country is an example of a social force.
T/F The unconscious reference to one's own cultural
False (this is self reference
values as a standard of judgment is known as cultural
criterion)
bias.
T/F Commoditization refers to the ability to
False individualize product and service offerings to meet
specific buyer needs.
T/F Reading business publications can serve as a
True
means of environmental scanning.
VERSION 2025/2026 ACTUAL QUESTION AND
CORRECT DETAILED VERIFIED ANSWERS FROM
VERIFIED SOURCES RATED A GRADE.
Save
Practice questions for this set
Learn 1 /7 Study with Learn
The segment of electronic commerce whereby businesses utilize the Internet
to solicit transactions from consumers, also known as e-tailing.
Choose matching term
C. Social forces include such factors
1 Business-to-Business (B2B): 2 as societal values, trends, traditions,
and religious practices.
3 Information Asymmetry: 4 Business-to-Consumer (B2C):
Don't know?
,Terms in this set (135)
The segment of electronic commerce whereby
Business-to-Business
businesses utilize the Internet to solicit transactions
(B2B):
from each other.
The segment of electronic commerce whereby
Business-to-Consumer
businesses utilize the Internet to solicit transactions
(B2C):
from consumers, also known as e-tailing.
The segment of electronic commerce whereby
Business-to-Government
businesses utilize the Internet to solicit transactions
(B2G):
from government entities.
The simultaneous application of both electronic
Clicks and Bricks:
("clicks") and traditional ("bricks") forms of commerce.
A process whereby firms are having a more difficult
Commoditization: time distinguishing their products and services from
those of their rivals.
The segment of electronic commerce whereby
Consumer-to-Business
consumers utilize the Internet to solicit transactions
(C2B):
from businesses.
The segment of e-commerce whereby consumers
Consumer-to-Consumer
utilize the Internet to solicit transactions from each
(C2C):
other.
A society's generally accepted values, traditions, and
Culture:
patterns of behavior.
E-tailing: Another term for B2C.
The decline in unit costs of a product or service that
Economies of Scale: occurs as the absolute volume of production
increases.
The systematic collection and analysis of information
Environmental Scanning:
about relevant macroenvironmental trends.
, When one party has information that another does
Information Asymmetry:
not.
When all parties to a transaction share the same
Information Symmetry:
information concerning that transaction.
The ability to individualize product and service
Mass Customization:
offerings to meet specific buyer needs
Transactions conducted in an entirely wireless
Mobile Commerce (M- environment, such as using a smartphone to both
Commerce): purchase and download an airline ticket or piece of
music.
Contracting out a firm's noncore, non-revenue-
Outsourcing: producing activities to other organizations primarily to
reduce costs.
Contractual relationships with enterprises outside the
Partnerships:
organization.
The unconscious reference to one's own cultural
Self-Reference Criterion:
values as a standard of judgment.
Concepts and beliefs that members of a society tend
Societal Values:
to hold in high esteem.
T/F In many respects, social forces are the drivers of
True
consumer markets.
T/F The expansion of a religion in an emerging
True
country is an example of a social force.
T/F The unconscious reference to one's own cultural
False (this is self reference
values as a standard of judgment is known as cultural
criterion)
bias.
T/F Commoditization refers to the ability to
False individualize product and service offerings to meet
specific buyer needs.
T/F Reading business publications can serve as a
True
means of environmental scanning.
