F4 - E-commerce

E-commerce stands for

• Efficient commerce

• Electronic commerce

• Effective commerce

• Email commerce

Greater variety and cheaper prices is a benefit of E-Commerce to who?

• Consumers

• Businesses

• Government

• Suppliers

One disadvantage of E-Commerce to consumers is

• Greater variety

• Greater convenience

• Greater access to new markets

• Increased probability of fraud

Which of the following is NOT a reason for the rise in E-Commerce?

• Social media

• Trade barriers

• Removal of trade barriers

• Technological advancement

Delayed consumption is a/an

• Advantage to consumers

• Advantage to businesses

• Disadvantage to consumers

• Disadvantage to businesses

The prevalence of E-Commerce has increased as a result of Globalisation

• True

• False

Company websites often save consumer information in order to created a personalised experience for online shoppers

• True

• False

Reduced operating cost is a/an

• Advantage to consumers

• Advantage to businesses

• Disadvantage to consumers

• Disadvantage to businesses

Which of the following is NOT an advantage of E-commerce to businesses?

• Access to wider markets

• Reduced operating costs

• Cheaper marketing

• Lower prices

E-Commerce reduces physical interaction between customers. This reduces what?

• Efficiency

• Customer loyalty

• Cost

• Fraud