ITM 350 Study Guide - Midterm Guide: Internet Of Things, Pinterest, Sitecore

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 350
• Professor: Franklyn Prescod

Document Summary

C hap ter 1: intr o duc tio n (pg 43) e-commerce growing towards the social and mobile concepts. C ommerc ial trans ac tion exchange of value (money) across organizational/individual boundaries in return for products/ services. E-c ommerc e use of internet (network of computer networks), the web (internet"s service) and mobile apps and browsers running on mobile devices to transact business. E x: use of internet, web, mobile apps to make transactions with customers; aka dig ital c o mmer c e. E-bus ines s digital enabling of transactions within a firm, involving information systems under firms control. Ex: company"s online inventory control with suppliers which is under the firms control. Information as ymmetry: disparity in relevant market info among parties. Ex: prices were hidden from consumer, creating profitable information asymmetry. Fixed pric es : expensive to change prices.