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In general, for digital goods, the marginal cost of producing another unit is about zero.

A) True
B) False

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The lowered costs of information storage, processing, and communication, along with the improvement of data quality, has resulted in which unique quality of e-commerce?


A) Information density
B) Richness
C) Customization
D) Interactivity

E) None of the above
F) A) and D)

Correct Answer

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Information density refers to the:


A) richness-complexity and content-of a message.
B) total amount and quantity of information delivered to consumers by merchants.
C) total amount and quantity of information available to all market participants.
D) amount of information available to reduce price transparency.

E) All of the above
F) A) and D)

Correct Answer

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Compared to digital markets, traditional markets have:


A) lower search costs.
B) stronger network effects.
C) higher delayed gratification effects.
D) higher transaction costs.

E) None of the above
F) All of the above

Correct Answer

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The integration of video, audio, and text marketing messages into a single marketing message and consumer experience describes which dimension of e-commerce technology?


A) Ubiquity
B) Personalization/customization
C) Richness
D) Interactivity

E) A) and B)
F) All of the above

Correct Answer

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Which of the following is not one of the platforms to be considered in building a Web site presence?


A) Mobile platform
B) Tablet platform
C) Traditional desktop platform
D) Facebook platform

E) B) and C)
F) A) and C)

Correct Answer

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EDI standards that take advantage of network communications have yet to be fully implemented at the industry level.

A) True
B) False

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E-commerce refers to the use of any networking technologies to transact business.

A) True
B) False

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Which of the following best describes the digital social graph?


A) A person's direct and indirect relationships
B) All of a person's closest digital relationships
C) A mapping of all online social relationships
D) All of the online and offline relationships a person has

E) A) and C)
F) All of the above

Correct Answer

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In the free/freemium revenue model, firms offer basic services for free and charge a fee for special features.

A) True
B) False

Correct Answer

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