1. What is currently the most popular electronic auction house?
eBay
2. What are the differences between consumer auction houses and B2B (business to
business) auction houses?
Consumer auction houses- consumers are allowed to trade with one another
B2B- only businesses are allowed to trade with each other.
3. Define Liquidation Brokers.
Liquidation brokers gain many benefits from their business. You will have immediate
access to all TDW products at discounted prices for domestic and the international
marketplace and a growing list of customers. By buying directly from TDW we will save you
money that you can pass along to your customers.
4. Explain how a seller-bid auction works.
The seller posts an item on the internet that they want to sell and set an auction
deadline. The item is auctioned off to the highest bidder when the auction time limit is up.
5. What would be the advantage to the consumer of using a group purchasing site?
An advantage to the consumer would be getting a discount because of group purchasing
6. Define "virtual community."
The virtual community is a term used to refer to the online community.
7. Who owns Geocities? What price did they pay? Do you think it was worth it?
Domain Administrator
Yahoo! Inc.
$100, yes it was worth it.
8. How does a web portal generate income?
This is a mystery
9. List examples of web portals.
MSN
10. Define portal.
A web portal is a site that provides a single function via a web page or site. Web portals
often function as a point of access to information on the World Wide Web. Portals present
information from diverse sources in a unified way. Apart from the search engine standard,
web portals offer other services such as e-mail, news, stock prices, and other features.
11. Define ISP.
ISP stands for Internet Service Provider. An ISP provides access to the Internet for others
via some connectivity service(s).
12. Define ASP.
Active Server Pages. A specification that enables Web pages to be dynamically created
using HTML, scripts, and reusable ActiveX server components.
13. What is a CSP?
Commerce Service Provider - an organization that hosts commerce software applications on
its own servers within its own facilities.
14. Why would you use a SAN?
Storage Area Network. A dedicated high-speed network that establishes a direct
connection between storage elements and the back end of the server.
15. What is the most used connection device for consumers today to the Internet?
Modems
16. What kinds of software are now sold due to Internet store fronts?
Software that can encrypt and decrypt other software
17. Differentiate between a static catalog and a dynamic catalog.
A static catalog is a series of separate links, updating product and pricing information and
changing design and navigation require an employee to change every page-one by one-on
which a particular product appears.
18. Why does a business need to use encryption software?
To protect its servers from being hacked
19. What is the purpose of a firewall?
To protect the computer from foreign and unknown users or viruses
20. Which are the two most used antivirus softwares available?
Nortan Symantec and McAfee
21. What features should be available in a "storefront" software?
Fully integrated software packages that provide users with all of the tools necessary to
create an e-commerce site...one that can handle sales transactions and manage inventory.
22. How much does this type of software cost?
Around $350
23. Define outsourcing.
The transfer of responsibility to a third party, of activities which formerly were performed
internally.
24. What types of items might a business outsource?
Jobs
25. Define e-services? Why are these VERY important?
E-services is a highly general/generic term usually referring to the provision of services via
the Internet