E-commerce

E-commerce

​E-commerce

​What Is e-commerce (Electronic Commerce?

​Electronic commerce or e-commerce (sometimes written as eCommerce) is a business model that lets firms and individuals buy and sell things over the internet. E-commerce operates in all four of the following major market segments:

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• ​Bussines to bussines

• ​Bussines to consumer

• ​Consumer to bussines

• ​Consumer to consumer

​E-commerce, which can be conducted over computers, tablets, or smartphones may be thought of like a digital version of mail-order catalog shopping. Nearly every imaginable product and service is available through e-commerce transactions, including books, music, plane tickets, and financial services such as stock investing and online banking. As such, it is considered a very disruptive technology.

Multiple Choice

Which of the following best describes e-commerce?

• Doing Business electronically

• Doing business

• Sale of goods

• All of the above

Multiple Choice

A person who buys goods and services is called a ___

• Consumer

• Server

• Producer

• Student

Multiple Choice

A person who makes goods and services is a ___

• Consumer

• Producer

• Server

• Builder

Multiple Choice

Which type of e-commerce focuses on consumers dealing with each other?

• B2B

• B2C

• C2B

• C2C

​KEY TAKEAWAYS

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• ​E-commerce is the buying and selling of goods and services over the internet.

• E-commerce can be a substitute for brick-and-mortar stores, though some businesses choose to maintain both.

• Almost anything can be purchased through e-commerce today.

E-commerce lets firms and individuals conduct business over the Internet.

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​The Advantages and Disadvantages of Electronic Commerce

​E-commerce offers consumers the following advantages:

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• Convenience. E-commerce can occur 24 hours a day, seven days a week.

• Increased selection. Many stores offer a wider array of products online than they carry in their brick-and-mortar counterparts. And many stores that solely exist online may offer consumers exclusive inventory that is unavailable elsewhere.

E-commerce carries the following disadvantages:

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• ​Limited customer service. If you are shopping online for a computer, you cannot simply ask an employee to demonstrate a particular model's features in person.

• Lack of instant gratification. When you buy an item online, you must wait for it to be shipped to your home or office.

• Inability to touch products. Online images do not necessarily convey the whole story about an item, and so e-commerce purchases can be unsatisfying when the products received do not match consumer expectations.

Multiple Choice

Which one is not an online payment mode?

• Cash on Delivery

• Debit card

• Credit card

• e-cheque

Multiple Choice

What is NOT an advantage of e-commerce?

• No checkout queues

• Access 24 hours a day

• Reduce prices

• Able to examine products personally

Multiple Choice

In ___ goods and delivery of services is instant

• e-commerce

• Economic commerce

• Tradional commerce

Multiple Choice

When two businesses interact in e-commerce it is known as?

• B2B

• B2C

• C2B

• C2C

Multiple Choice

Which one of the following is called plastic money?

• Credit card

• Debit card

• Master card

• All of the above

Multiple Choice

E-Commerce is the process of buying, selling or exchanging products, services or information via electronic media.

• True

• False