Practise

___________ Is a type of mobile payment System used when the distance of two mobile devices less than 2 meters

• KFC

• NFC

• NCN

• CNC

The right statement about Online Retailer from the following options:

• Online store merchants forced out of business

• Internet raised both search costs and transaction costs

• Lowered market entry cost, lower operating cost , higher efficiency

• Customers face difficulty to find the lowest price

Victoria’s Secret established a national offline catalog operation that is their largest retail channel, but recently they developed an online capabilities. This is the best example of one type of Online retail business model which is_______.

• Virtual Merchants

• Omni Channel Merchandiser

• Catalog Merchants

• Manufacturer direct firm

Shoponline.com is an online company which implemented universal standards. The benefit of the company having universal standards is:

• Market entry costs high

• Customer spends more to search products

• Product description is expensive

• Accuracy in prices

The best products to sell in B2C e-commerce are.

• Small products

• Digital products

• Fresh products

• Specialty products

Which of the following features of e-commerce technology is related to the concept of network externalities?

• richness

• interactivity

• universal standards

• information density

_____________ Refers to the other companies operating in the same marketspace selling similar products, while__________ Achieved by a firm when it can produce a superior product and/or bring the product to market at a lower price than most, or all, of its competitors.

• Competitive Environment, Competitive Advantage

• Competitive Advantage, Competitive Environment

• Competitive Environment, Market Opportunity

• Market Opportunity, Competitive Advantage