What is the primary function of electronic payment systems?

• Transferring physical money between individuals

• Facilitating financial transactions over electronic networks

• Storing money in physical vaults

• Printing digital receipts

What does "performance management" in e-commerce primarily focus on?

• Generating advertisements

• Monitoring and improving website operations

• Hiring employees for an online store

• Managing cash transactions

Is E-Commerce more beneficial for customers or businesses? Why?

• Businesses, because they can increase revenue without physical stores.
  
  

• Customers, because they gain access to a wider range of products and services.

• Both, as E-Commerce facilitates mutual benefits.

• Neither, as E-Commerce is more beneficial for technology developers.

A company uses the Web to promote location-sensitive advertising for their mobile app. Which concept from the statement does this practice align with?

• Computation
  

• Communication
  
  

• Utility Computing

• Connection

What does NFC stand for in electronic payments?

• National Financial Code
  
  

• Non-Functional Currency

• Near Field Communication
  
  

• Network Frequency Channel

How has the Web impacted collaboration among firms and individuals, according to the 5-C-Model?

• By creating a vast nexus of relationships beyond space, time, and national boundaries

• By increasing organizational boundaries

• By focusing only on formal collaborations

• By eliminating the need for knowledge work

Create an E-Commerce strategy for a small retail business wanting to expand its customer base. Which element would be most critical?

• Reducing online engagement with customers

• Limiting the product range to reduce inventory
  
  

• Setting up an effective logistics network for timely delivery
  
  

• Focusing only on the local market

What is E-Commerce?

• A physical marketplace for buying and selling goods
  
  

• Business transactions conducted electronically over the internet
  
  

• A government policy for regulating trade

• A method of advertising on television

What is the primary definition of E-Commerce?

• The trading of products or services using computer networks, such as the Internet

• The physical selling of goods in traditional stores

• The creation of websites for entertainment purposes

• The use of emails to send promotional newsletters

Who coined the term "E-Business"?

• IBM's marketing and Internet team

• Microsoft's marketing team

• Google's innovation team

• Amazon's e-commerce department