Shared Flashcard Set

Details

MIS 180 Final
Quizzes
20
Business
Undergraduate 1
12/12/2011

Additional Business Flashcards

 


 

Cards

Term
What formal business plan maps out your customer base and your strategy for reaching them?
Definition
Path-to-Profitability (P2P)
Term
Which type of e-commerce occurs when a business sells products or services to customers who are primarily other businesses?
Definition
B2B
Term
Which type of e-commerce occurs when an individual sells products and services to another individual?
Definition

C2C

Term
What does "click-and-mortar" refer to?
Definition
An organization that has a presence in the physical world and the virtual world.
Term
Before you think about technological solutions to business problems or opportunities enhanced by technology, what should you have?
Definition
A strong understanding of your target customers.
Term
Which of the following types of products purchased on the internet are typically high priced items because they are purchased infrequently and often require some sort of customized order?
Definition
Specialty
Term
Which type of merchandise eliminates shipping costs by delivery of it via the internet?
Definition
Electronic or digital
Term
Which term describes the banding together of businesses to purchase materials and services with the goal of lowering purchase prices through discounts?
Definition
Demand aggregation
Term
What is the process in which a buyer posts its interest in buying a certain quantity of items with specified purchasing requirements and suppliers then compete for business?
Definition
Reverse auction
Term
Which term describes the ability of an organization to give its customers the opportunity to tailor its products or services to their specification?
Definition
Mass customization
Term
There are methods to designing and developing business applications.  Which of the following is not one of these methods?
Definition
Netsourcing
Term
What is the systems development life cycle (SDLC)?
Definition
A structured approach for developing information systems.
Term
The SDLC contains 7 phases.  Which phase involves end users and IT specialists working together to gather, understand, and document the business requirements for the proposed system?
Definition
Analysis
Term
Which of the following is a characteristic or a proposed system that is essential to the success of your organization?
Definition
Critical success factor
Term
Which category of business application satisfies the SOA philosophy for the end user?
Definition
ERP
Term
According to the SOA philosophy, what is the most important organizational resource?
Definition
Information
Term
What is the fundamental underlying infrastructure for any IT environment?
Definition
Networks
Term
What type of IT infrastructure involves little or no sharing of IT and other computing resources?
Definition
Decentralized
Term
What type of IT infrastructure involves distributing the information and processing power of IT systems via a network?
Definition
Distributed
Term
Which metric assesses whether or not the right functions or tasks were executed?
Definition
Effectiveness
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