SIT CH 3 QUESTIONS WITH 100%
CORRECT ANSWERS { GRADED A+}
Disruptive Technology - ✔✔A new way of doing things that initially does not
meet the needs of existing customers
open new markets and destroy old ones
sustaining technology - ✔✔Produces an improved product customers are eager to
buy
provide us with better faster and cheaper products in established markets
Innovator's Dilemma - ✔✔discusses how established companies can take
advantage of disruptive technologies without hindering existing relationships with
customers, partners, and stakeholders
dont focus too much on customers present needs bc will miss out on disruptive
technology that meets customers future needs and therefore lose market share
, Internet - ✔✔a massive network that connects computers all over the world and
allows them to communicate with one another
Universal Resource Locator (URL) - ✔✔the address of a file or resource on the
web such as www.apple.com
primary way users navigate the internet
Web 1.0 - ✔✔A term to refer to the WWW during its first few years of operation
between 1991 and 2003
Ecommerce - ✔✔the buying and selling of goods and services over the internet
Ebusiness - ✔✔Includes ecommerce along with all activities related to internal
and external business operations such as servicing customer accounts,
collaborating with partners, and exchanging real-time information
paradigm shift - ✔✔occurs when a new radical form of business enters the market
that reshapes the way companies and organizations behave
information richness - ✔✔refers to the depth and breadth of details contained in a
piece of textual, graphic, audio, or video information
buyers need to make informed purchases
CORRECT ANSWERS { GRADED A+}
Disruptive Technology - ✔✔A new way of doing things that initially does not
meet the needs of existing customers
open new markets and destroy old ones
sustaining technology - ✔✔Produces an improved product customers are eager to
buy
provide us with better faster and cheaper products in established markets
Innovator's Dilemma - ✔✔discusses how established companies can take
advantage of disruptive technologies without hindering existing relationships with
customers, partners, and stakeholders
dont focus too much on customers present needs bc will miss out on disruptive
technology that meets customers future needs and therefore lose market share
, Internet - ✔✔a massive network that connects computers all over the world and
allows them to communicate with one another
Universal Resource Locator (URL) - ✔✔the address of a file or resource on the
web such as www.apple.com
primary way users navigate the internet
Web 1.0 - ✔✔A term to refer to the WWW during its first few years of operation
between 1991 and 2003
Ecommerce - ✔✔the buying and selling of goods and services over the internet
Ebusiness - ✔✔Includes ecommerce along with all activities related to internal
and external business operations such as servicing customer accounts,
collaborating with partners, and exchanging real-time information
paradigm shift - ✔✔occurs when a new radical form of business enters the market
that reshapes the way companies and organizations behave
information richness - ✔✔refers to the depth and breadth of details contained in a
piece of textual, graphic, audio, or video information
buyers need to make informed purchases
