ELEC4445 Quiz 4

Q 1: The Internet is defined as an information space where documents and other resources are identified by URIs and interlinked via hypertext links

A 1: False

www is   as an information space where documents and other resources are identified by URIs and interlinked via hypertext links.

The Internet is a global system of interconnected computer networks that use the Internet protocol suite (TCP/IP) to link several billion devices worldwide. It is a network of networks [...] linked by a broad array of electronic, wireless, and optical networking technologies.

Q 2: When discussing the collective impact that AWS, Youtube and Facebook had on the razor blade market, what was Facebook's main contribution?

A2: Ad delivery at low cost

Q3: While the disruption created by internet services (AWS, YouTube, Facebook) created opportunities and value for Dollar Shave Club, it clearly destroyed value for the market in general. From which perspective has this conclusion been reached?

A3: the value of each percent of market share

Q4: What kind of business model does a company like Ticketek (premier.ticketek.com.au) implement?

A4: Transaction fee

Q5: What kind of business model does a company like Etsy (www.etsy.com) implement?

A5: Intermediary

Q6: From the podcast "Welcome to the cult factory", complete Sam Harris' statement: "If you're looking out at the world and wondering why things seem to be so crazy out there, ..."

A6: Social media is very likely the reason

Q7: In class, we compared the societal impact of the Internet to two previous sea changes. What were they?

A7: the emergence of agrarian technology or to the industrial revolution

Q8: This being an entrepreneurship course, what specific impact of the Internet has been specifically highlighted

A8: Impacts on business models

Q9: Which area of the Internet/Web has been flagged as being currently immature and thus of interest to many entrepreneurs and companies?

A9: Big Data