BUS 107 BUS107 Quiz 1 (STRAYER)

BUS 107 BUS107 Quiz 1 (STRAYER)

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BUS 107 Quiz 1

This quiz consist of 10 multiple choice questions and covers the material in Chapter 1.

1. 

____ are the total of all costs that a buyer and a seller incur as they gather information and negotiate a purchase-and-sale transaction.

2. 

Some researchers define a fourth category of electronic commerce called ____, which includes individuals who buy and sell items among themselves.

3. 

Consumer shopping on the Web is often called ____.

4. 

SWOT is the acronym for ____.

5. 

A(n) ____ is an independent firm that offers connection and transaction-forwarding services to buyers and sellers engaged in EDI.

6. 

A ____ is a way of organizing the activities that each strategic business unit undertakes to design, produce, promote, market, deliver, and support the products or services it sells.

7. 

Businesses that engage in EDI with each other are called ____.

8. 

In the mid-1990s, ____ used a SWOT analysis to create a business strategy that helped it become a strong competitor in its industry value chain.

9. 

The practice of an existing firm replacing one or more of its supplier markets with its own hierarchical structure for creating the supplied product is called ____.

10. 

____ organizations are particularly well suited to technology industries that are information intensive.


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