What is m-commerce, and what are some of the technological innovations that fall under this type of commerce?
What will be an ideal response?
"Mobile commerce" or "m-commerce" is the term for conducting commercial transactions using wireless handheld devices such as personal digital assistants (PDAs) and cell phones. Many companies are developing ways to provide Internet access without the need for a wired broadband connection. For example, wireless fidelity (Wi-Fi) permits laptop and PDA users to establish high-speed wireless connections to the Internet and corporate intranets via "hot spots" located in airports, cafes, or other public places. Wi-Fi networks have a limited range; an improved technology known as World Interoperability for MicroWave Access (WiMax) is being deployed in many parts of the world. A WiMax network can have a range of several miles making it superior to traditional Wi-Fi. In addition, mobile WiMax offers greater capacity and faster speeds than current mobile data networks; it is well suited for streaming music or video. Another mobile communication technology known as Bluetooth is gaining popularity in Europe; because it consumes less power than Wi-Fi, Bluetooth is well suited to use with cell phones. It, however, works over shorter distances than Wi-Fi. Bluetooth has been incorporated into automobiles and home appliances, such as microwaves and refrigerators. In the United States, T-Mobile also has deals with Borders bookstores, FedEx Kinko's business centers, Texaco service stations, and, of course, Starbucks and major airports. Current Wi-Fi technology commonly handles data, not voice. However, many industry observers expect that in the near future, hot spots will allow cell phones to switch to the Internet for telephone calls. Wireless technology is being used in other ways. In the automotive world, there is a trend toward "telematics," which is a car's ability to exchange information about the vehicle's location or mechanical performance. Cars are also being equipped with online access so passengers can send and receive e-mails. A new generation of smartphones has already penetrated the market.
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a. 6 months b. 12 months c. 18 months d. 24 months e. 36 months
Developing efficiency standards based on best practices is called benchmarking
Indicate whether the statement is true or false
Which of the following variables is considered non-random or deterministic?
A) next year's cash flow projections B) future interest rates C) last year's income D) projected value of the euro next week E) projected NASDAQ index
Big Mutual Insurance Company would like to take advantage of financial services deregulation by acquiring a bank and a stock brokerage firm
Big Mutual, however, would have trouble raising the funds needed to make these acquisitions under the mutual form of organization. Big Mutual is planning to switch from the mutual form of organization to the stock form, and to issue shares of common stock to raise capital. This change in organizational structure is called A) mutualization. B) retrocession. C) reinsurance. D) demutualization.