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X 201

by: Edward Wuckert I

X 201 BUS

Edward Wuckert I
GPA 3.89

Karen Banks

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About this Document

Karen Banks
Class Notes
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This 2 page Class Notes was uploaded by Edward Wuckert I on Sunday November 1, 2015. The Class Notes belongs to BUS at Indiana University taught by Karen Banks in Fall. Since its upload, it has received 22 views. For similar materials see /class/233443/bus-indiana-university in Business at Indiana University.


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Date Created: 11/01/15
X201 Lecture Review A model is used to represent the situation at that moment in time 1 Descriptive 2 Deterministic 3 Optimization 4 Simulation states that the value of a network increases exponentially with the number of nodes 1 Kinser Law 2 Moore s Law technology doubles every 18 months or so 3 Metcalf s Law web becomes more valuable as more people connect Occurs when the number of people using a technology justifies modifying the current business plan 1 Diffusion 2 Transformation 3 Critical mass Ebay is primarily an example of which ebusiness model 1 B28 2 82C 3 CZC 4 28 Expert systems are an 1 TPS transaction systemindividua transactions 2 DDS granular data condenselike pivot table 3 EIS summarize internal data and make decisions based on that The interaction of technological innovation with the competitive marketplace is the fundamental driving force in capitalistic industrial progress Creative destruction Universality Mediating technology Time moderator Ashley goes on MyRelatorcom and is analyzing the housing market in order to prepare for a meeting with her realtor This describes the property of the internet 1 Distribution channel 2 Infinite virtual capacity 3 Transaction cost reducer 4 Information Asymmetry A set of inefficiencies in the market that add to the price of a service or a good Search costs Transaction costs Bargaining costs waH Decision costs This group only adopts an innovation as a last resort ln lecture Encyclopedia Britannica was and example of this group Innovators Early adopters Early majority Late majority Lagga rds Always very clear best answer choice


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