VB Test Review

The type of Virtual Businesses are Business to Business, Business to Consumer and

• Consumer to Consumer

• Business to Customer

• Customer to Consumer

• Consumer to Customer

A government funded organization that helps small business owners borrow money as well as manage their business more efficiently is called?

• Internal Revenue Service

• Small Business Administration

• Workforce Commission

• Junior Achievement

Advantages to virtual businesses include all of the following EXCEPT:

• Is open 24/7

• Unlimited customer reach

• Flexible schedule

• Long commute to work

True/False: E-commerce refers to distributing, buying, selling, marketing and servicing products over the internet

• True

• False

Business to Business is when

• A product or good is sold from one business to another business

• A product or good is sold from one business to a consumer

• A product or good is sold from a consumer to a consumer

• A product or good is advertised but not sold

A challenge of E-Commerce is

• Lack of internet access

• Poorly designed website

• Difficulties connecting with customer service

• All of these are examples of challenges

Which of these do not make a success e-commerce product?

• Book

• Music

• Perfume

• Movies

True/False: ISP stands for Internet Sales Protection

• True

• False

True/False: QR code stands for quick response

• True

• False

Can be used to advise employees on procedures, pass on information to a large number of people, and can direct others to perform a task

• Blog

• Wiki

• Online survey

• Email