and Answers LATEST STUDY GUIDE
Disruptive Technology -
✅A new way of doing things that does not initially meet the needs of existing customers. They tend
to open new markets and destroy old ones
sustaining technology -
✅produced an improved product that customers are eager to buy, such as a faster car or a larger
hard drive. Sustaining technologies tend to provide us with better, faster, and cheaper products in
established markets
Internet -
✅a massive network that connects computers all over the world and allows them to communicate
with one another
World Wide Web (WWW) -
✅provides access to Internet information through documents such as text, graphics, and
audio/video files that use a special formatting language called Hypertext Markup Language
Hypertext Markup Language (HTML) -
✅publishes hypertext on the WWW, which allows users to move from one document to another
simply by clicking a hot spot or link
HTML 5 -
✅associated with animations, music, and movies. Can be used to build complicated apps on PCs,
tablets, and smartphones
Hypertext Transfer Protocol (HTTP) -
✅the internet protocol web browsers use to request and display web pages using universal
resource locators (URLs)
Web browser -
✅Allows users to access the WWW (Ex: Internet Explorer, Safari, Google Chrome)
, Universal Resource Locator (URL) -
✅the address of a file or resource on the web such as www.apple.com
Web 1.0 (Business 1.0) -
✅a term to refer to the World Wide Web during its first few years of operation between 1991 and
2003
Ecommerce -
✅The buying and selling of goods over the Internet. This only refers to online transactions
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
Ebusiness advantages: -
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w@ ✅-expanding global reach w@ w@
-opening new markets
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-reducing costs
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-improving operations w@
-improving effectiveness
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Intermediaries - w@ w@
w@ ✅agents, software, or businesses that provide a trading infrastructure to bring buyers and sellers
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w@ together
Disintermediation - w@ w@
w@ ✅occurs when a business sells directly to the customer online and cuts out the intermediary
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Reintermediation - w@ w@
✅steps are added to the value chain as new players find ways to add value to the business process