Free Entrepreneurship revision

Internet of Things (IoT).
IoT can be defined as a network of interrelated devices that connect and exchange data with other IoT devices and the cloud. The IoT devices are merged with technology such as software and sensors and can include digital and mechanical machines and consumer objects.
Examples of IoT applications are connected wearables, cars, sensors in industrial plants, and collaborative robotics.

Information Value Chain(IVC)
The Information Value Chain can be defined as the process of changing data to information and using the information to make decisions and real-world actions that create /deliver value back into the real world(i.e. stakeholders).IVC's goal is to create a competitive advantage for a firm by increasing efficiency and productivity while keeping costs reasonable.

The digital divide
The digital divide can be defined as the gap (technical and financial ability) between demographics and regions that have access to modern information and communications technology and those that don’t. It exists between developed and undeveloped/developing countries, young educated and older uneducated individuals, urban and rural populations, as well as between men and women. Other types include the access divide, the use divide, and the quality-of-age gap.

Workflow management software(WMS)
WMS can be defined as a software application designed to set up and monitor a defined set of tasks along with its sequences.WMS provides a well-planned, structured, and centralized approach to managing business processes and helps in the reduction of manual efforts/resources involved and the automation of redundant tasks.

i. E-commerce environment: This defines the general guidelines(i.e. tools and legal), regulatory frameworks, and the involvement of service providers that will make the business suitable for running e-commerce.
ii. Infrastructure services: This refers to services that specify e-commerce functions (e.g. user authorization, payment processing, order validation.).They are also classified in terms of the services they provide to the user or an organization (e.g. network services, payment services, security services, and directory services).
iii. E-commerce solution providers: These provide end-to-end solutions for e-commerce businesses that do not have their implementation team.

i. A good interviewer has sufficient knowledge about the job for which he/she is taking the interview.
ii. A good interviewer should be able to control their anger and aggression.
iii. A good interviewer should have an empathetic attitude.
iv. A good interview should be able to recognize the best combination of individual talents and qualities for a particular job.
v. A good interview should have a stable personality and emotional maturity.

i. Political factors: Political factors decide the type of market in a given geographic area. Capitalistic, communist, or mixed economy markets have different implications for the way entrepreneurs are required to function. Thus, entrepreneurship thrives more in capitalistic nations where innovation is encouraged compared to communistic countries where entrepreneurship success requires one to be well-connected politically.
ii. Legal factors: The type/strength of a country's legal system affects the quality of entrepreneurship, as entrepreneurs require a wide variety of legal services to function. Where contracts are not enforceable, there is a great risk for entrepreneurship.
iii. Capital availability: Entrepreneurship thrives more in countries that have well-developed systems of providing capital at every state (i.e. startup/seed capital, private equity, debt, etc.).
iv. Taxation: Excessive taxation hinders the development of entrepreneurship. Thus, there is an outflow of entrepreneurs in countries with restrictive tax regimes as entrepreneurs set up shop where there is minimal interference from the government.
v. Raw materials: Easy availability of raw materials at fair prices promotes entrepreneurship.
vi. Labor markets: The availability of skilled labor at reasonable costs attracts entrepreneurs. Demand for high wages creates an upward surge in production costs, thereby affecting entrepreneurs negatively.
vii. Infrastructure: A country that focuses on increasing its infrastructure's efficiency will attract and promote entrepreneurship development.

Copyright infringement
This refers to the unauthorized use of copyrighted materials.

Click fraud
This occurs when a person clicks a pay-per-click link (e.g. in Google AdSense advertising services) with no intention of knowing more about the click but to make more money.

Advance fee fraud
This occurs when criminals pretending to be close relatives email a person, promising him/her a lot of money in favor of helping them claim their inference.

i. Globalization refers to the process that accelerates the flow and exchange of products and services, technology, capital, information, jobs, etc., facilitated by free trade, whereas internalization refers to when a firm expands its business beyond the national market to foreign markets.
ii. Globalization is focused on the world economy as it connects the economies world economies for free trade, whereas internalization is more focused on the firm and its business as it enters the international market and becomes part of other countries.
iii. The primary aim of globalization is the free movement of goods and services, capital, and people, whereas the primary aim of internalization is expansion.
iv. Globalization is affected by telecommunication networks, infrastructure development, logistics, labor availability, etc., whereas internalization is affected by preferences, tastes, culture, religious values, traditions, climatic conditions, etc.