Question 1

Ethical questions are being raised about the combination of the _________ and _________models on one website.
A)information,content
B)information,transaction
C)content,transaction
D)content,blogging

Accepted Answer

The ethical questions are being raised about the combination of the content and transaction models on one website. The content model involves providing valuable information to users, while the transaction model involves buying or selling goods or services. The combination of these models may lead to ethical concerns related to biased or misleading content being promoted to drive transactions. Therefore, option C is the correct choice.

Question 2

Melissa would like to reduce the number of phone calls she gets from customers who want to place orders.Which model would best work for Melissa?
A)The information-based model
B)The content-based model
C)The transaction-based model
D)The customer relationsship-based model

Accepted Answer

The transaction-based model focuses on streamlining the process of placing orders and reducing barriers to purchase, therefore it would be the best choice for Melissa who wants to reduce phone calls from customers who want to place orders. By improving the online ordering process or offering alternative avenues for purchase, customers may be less likely to call in to place an order.

Question 3

List and discuss the challenges that an entrepreneur faces in designing the new operation's physical facilities.Give examples to support the answer.

Accepted Answer

The answer of List and discuss the challenges that an...

Question 4

After identifying the five major factors in deciding the location for a business,summarize the impact each factor has if an entrepreneur was opening a restaurant.

Accepted Answer

The answer of After identifying the five major factors in...

Question 5

Match the term with its definition.Some terms may not be used.
a.auction sites
b.brick-and-mortar facility
c.business incubator
d.B2B model
e.B2C model
f.C2C model
g.content-based model
h.disintermediation
i.e-commerce
j.eCRM
k.general-purpose equipment
l.home-based business
m.information-based model
n.special-purpose equipment
o.transaction-based model
p.zoning ordinance
-Web-based businesses offering participants the ability to list products for consumer bidding

Accepted Answer

Auction sites are web-based businesses that offer participants the ability to list products for consumer bidding.

Question 6

Which emerging model of e-commerce is used to generate significant amounts of advertising revenue?
A)eCRM
B)Disintermediation
C)Blogging
D)Auction Site

Accepted Answer

Blogging is the emerging model of e-commerce that is used to generate significant amounts of advertising revenue. Bloggers create content and attract a following, which can then be monetized through advertisements, sponsorships, and affiliate marketing.

Question 7

List and describe business environment conditions that may impact the location decision.

Accepted Answer

The answer of List and describe business environment conditions that...

Question 8

Match the term with its definition.Some terms may not be used.
a.auction sites
b.brick-and-mortar facility
c.business incubator
d.B2B model
e.B2C model
f.C2C model
g.content-based model
h.disintermediation
i.e-commerce
j.eCRM
k.general-purpose equipment
l.home-based business
m.information-based model
n.special-purpose equipment
o.transaction-based model
p.zoning ordinance
-A business model in which a website provides information about a business,its products,and other related matters but doesn't charge for its use

Accepted Answer

The answer of Match the term with its definition.Some terms...

Question 9

Match the term with its definition.Some terms may not be used.
a.auction sites
b.brick-and-mortar facility
c.business incubator
d.B2B model
e.B2C model
f.C2C model
g.content-based model
h.disintermediation
i.e-commerce
j.eCRM
k.general-purpose equipment
l.home-based business
m.information-based model
n.special-purpose equipment
o.transaction-based model
p.zoning ordinance
-An electronically based system that emphasizes customer relationships

Accepted Answer

The answer of Match the term with its definition.Some terms...

Question 10

Discuss the legal considerations for a home-based business.What professionals should an entrepreneur talk to before starting the business?

Accepted Answer

The answer of Discuss the legal considerations for a home-based...

Question 11

Steve started a Web-based business offering a mechanism for buying and selling antiques.He has set up his company using the ____ model.
A)transaction-based
B)content-based
C)information-based
D)premium-based

Accepted Answer

Steve's business involves transactions between buyers and sellers, making the transaction-based model the most appropriate choice. The other models (content-based, information-based, premium-based) are typically focused on providing content or services rather than facilitating transactions.

Question 12

Discuss the motivations for starting a home-based business.Are these motivations financial or family based?

Accepted Answer

The answer of Discuss the motivations for starting a home-based...

Question 13

Describe the critical resource considerations that should guide the location decision.

Accepted Answer

The answer of Describe the critical resource considerations that should...

Question 14

Match the term with its definition.Some terms may not be used.
a.auction sites
b.brick-and-mortar facility
c.business incubator
d.B2B model
e.B2C model
f.C2C model
g.content-based model
h.disintermediation
i.e-commerce
j.eCRM
k.general-purpose equipment
l.home-based business
m.information-based model
n.special-purpose equipment
o.transaction-based model
p.zoning ordinance
-A B2B wholesaler's bypassing of a "middleman" to sell its product or service directly to the final consumer

Accepted Answer

The answer of Match the term with its definition.Some terms...

Question 15

List and describe the different e-commerce business models related to the customer type.

Accepted Answer

The answer of List and describe the different e-commerce business...

Question 16

Distinguish between manufacturing equipment,retail equipment and office equipment using a candle factory and a candle store as examples.

Accepted Answer

The answer of Distinguish between manufacturing equipment,retail equipment and office...

Question 17

Which statement is true about starting a business online as a part-time entity?
A)While launching a business online as a part-time startup typically has a lower cost,the over all cost is greater as the company grows.
B)Flexibility is the main reason why an entrepreneur will start a business in this format.
C)Starting a Internet-based businesses on a part-time basis reduces the entrepreneur's personal risk if the company should fail.
D)Two of the above statements are true.

Accepted Answer

The answer of Which statement is true about starting a...

Question 18

Match the term with its definition.Some terms may not be used.
a.auction sites
b.brick-and-mortar facility
c.business incubator
d.B2B model
e.B2C model
f.C2C model
g.content-based model
h.disintermediation
i.e-commerce
j.eCRM
k.general-purpose equipment
l.home-based business
m.information-based model
n.special-purpose equipment
o.transaction-based model
p.zoning ordinance
-A business that maintains its primary facility in the residence of its owner

Accepted Answer

A home-based business maintains its primary facility in the residence of its owner.

Answer: B
 A brick-and-mortar facility is a physical location where customers can go to make purchases or use services.

Answer: C
 A business incubator is a program designed to support the development of new businesses by providing resources, mentorship, and networking opportunities.

Answer: D
 A business-to-business (B2B) model refers to a business that sells products or services to other businesses.

Answer: E
 A business-to-customer (B2C) model refers to a business that sells products or services directly to individual consumers.

Answer: F
 A consumer-to-consumer (C2C) model refers to a platform where individual consumers can buy and sell products or services to each other.

Answer: L
 An information-based model refers to a business that generates revenue by providing information or content to consumers, such as news sites or streaming services.

Answer: N
 A transaction-based model refers to a business that generates revenue through transactions, such as online marketplaces or payment processing services.

Answer: O
 Zoning ordinances are regulations set by local governments that dictate how land can be used, including where businesses can operate.

Note: Choices A, G, H, I, J, and M are not matched with their definitions, as they do not fit any of the provided options.

Question 19

Match the term with its definition.Some terms may not be used.
a.auction sites
b.brick-and-mortar facility
c.business incubator
d.B2B model
e.B2C model
f.C2C model
g.content-based model
h.disintermediation
i.e-commerce
j.eCRM
k.general-purpose equipment
l.home-based business
m.information-based model
n.special-purpose equipment
o.transaction-based model
p.zoning ordinance
-A facility that provides shared space,services,and management assistance to new businesses

Accepted Answer

A business incubator is a facility that provides shared space, services, and management assistance to new businesses.

Answer: E
 The business-to-customer (B2C) model describes a business that operates by selling products or services directly to individual customers.

Answer: F
 The consumer-to-consumer (C2C) model describes a business that facilitates transactions between individual customers, such as online auction sites.

Answer: I
 E-commerce refers to conducting business activities electronically, such as buying and selling products or services over the internet.

Answer: J
 General-purpose equipment can be used for a variety of tasks, whereas special-purpose equipment is designed for a specific function.

Answer: K
 A home-based business is one that is operated out of a person's home.

Answer: O
 Zoning ordinances are laws that regulate the use of land and buildings in a particular area.

Question 20

List and explain the attractions and challenges of operating a home-based business.

Accepted Answer

The answer of List and explain the attractions and challenges...

Quiz 9: The Location Plan

Ethical questions are being raised about the combination of the _ and _models on one website.

Melissa would like to reduce the number of phone calls she gets from customers who want to place orders.Which model would best work for Melissa?

List and discuss the challenges that an entrepreneur faces in designing the new operation's physical facilities.Give examples to support the answer.

After identifying the five major factors in deciding the location for a business,summarize the impact each factor has if an entrepreneur was opening a restaurant.

Which emerging model of e-commerce is used to generate significant amounts of advertising revenue?

List and describe business environment conditions that may impact the location decision.

Discuss the legal considerations for a home-based business.What professionals should an entrepreneur talk to before starting the business?

Steve started a Web-based business offering a mechanism for buying and selling antiques.He has set up his company using the ____ model.

Discuss the motivations for starting a home-based business.Are these motivations financial or family based?

Describe the critical resource considerations that should guide the location decision.

List and describe the different e-commerce business models related to the customer type.

Distinguish between manufacturing equipment,retail equipment and office equipment using a candle factory and a candle store as examples.

Which statement is true about starting a business online as a part-time entity?

List and explain the attractions and challenges of operating a home-based business.