IS Application - E-Com & M-Com

Question 1

Define e-commerce

Answer 1

Uses the internet to transact business

Question 2

What’s the mnemonic acronym I use to remember e-commerce features, what does it stand for

Answer 2

UU PIG SRI

Ubiquitous
Universal standards
Personalization/uniqueness
Information density
Global reach
Social technology
Richness
Interactivity

Question 3

What’s the acronym i use for e-com bus models, what does it stand for, and a company example for each

Answer 3

CSC TEMP

Content provider - spotify/youtube
Service provider - google apps
Community provider - facebook
Transaction broker - paypal
E-tailer - amazon
Market creator - trademe
Portal - google, yahoo

Question 4

When you talk about m-commerce, you talk about

Answer 4

Location-based services