E-Commerce Basics

What is e-commerce?

• Online buying and selling of goods and services

• Sending and receiving emails

• Playing online games

• Watching movies on streaming platforms

What are the advantages of e-commerce?

• Decreased reach, higher costs, limited availability, generic experience, and difficult access to customer data.

• Limited reach, higher costs, limited availability, generic experience, and difficult access to customer data.

• Limited reach, higher costs, 9-5 availability, generic experience, and difficult access to customer data.

• Increased reach, lower costs, 24/7 availability, personalized experience, and easy access to customer data.

What are the different types of e-commerce?

• Online, Offline, Hybrid, Virtual

• B2B, B2C, C2C, C2B

• A2A, A2B, B2D, D2C

• Retail, Wholesale, Manufacturing, Distribution

What is the role of technology in e-commerce?

• E-commerce can function without any technological support

• Technology only complicates e-commerce processes

• Technology has no role in e-commerce

• Technology enables online transactions, secure payment processing, inventory management, customer relationship management, and personalized shopping experiences.

What are the key components of an e-commerce system?

• Social media marketing, customer service, inventory management

• Brick and mortar store, email marketing, product design

• Website, payment gateway, database, shipping and logistics system

• Mobile app, advertising, employee training

What are the challenges of e-commerce?

• Politics, religion, and history

• Security, logistics, customer trust, and competition

• Weather, traffic, and pollution

• Cooking, gardening, and painting

What is the difference between e-commerce and traditional commerce?

• Method of conducting business transactions

• Size of the business

• Location of the business

• Type of currency used

What are some popular e-commerce platforms?

• Some popular e-commerce platforms are Amazon, eBay, Shopify, and Etsy.

• Alibaba

• Facebook

• Craigslist

What is the future of e-commerce?

• Decline and obsolescence

• Stagnation and lack of innovation

• Continued growth and evolution

• Decreased popularity and usage

How does e-commerce impact the global economy?

• It increases trade and market access, creates new business opportunities, and improves supply chain efficiency.

• It has no impact on the global economy

• It creates more unemployment and reduces business opportunities

• It decreases trade and market access