E-commerce Benefits and Concepts

What is one of the benefits of e-commerce for consumers?

• Limited product selection

• In-person interaction

• Lower prices

• Convenience

Name one advantage of e-commerce for businesses.

• Limited customer base

• Local reach only

• High operating costs

• Global reach and availability

Explain the concept of e-commerce in simple terms.

• E-commerce is limited to cash transactions

• E-commerce is the process of conducting business offline

• E-commerce involves only physical stores

• E-commerce is the process of conducting business online, including activities such as online shopping, electronic payments, and digital communication.

How has e-commerce changed the way people shop?

• E-commerce has limited the product variety available to shoppers.

• E-commerce has made shopping more expensive and time-consuming.

• E-commerce has revolutionized shopping by providing convenience, price comparison, product variety, and home delivery.

• E-commerce has eliminated the need for price comparison when shopping.

What are some common types of e-commerce transactions?

• E2E

• D2D

• A2A

• B2C, C2C, B2B, C2B

What role does technology play in e-commerce?

• Technology has no impact on e-commerce

• E-commerce can function effectively without any technological advancements

• Technology enables online transactions, secure payment gateways, personalized shopping experiences, efficient inventory management, targeted marketing strategies, and seamless customer service in e-commerce.

• Technology only complicates the e-commerce process

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

• Social media integration, blog section, forum feature

• Offline payment methods, physical store locator

• Product listings, shopping cart, payment gateways, user authentication, order management, customer support

• Virtual reality technology, augmented reality features

How does e-commerce impact the global economy?

• E-commerce impacts the global economy through increased market reach, reduced transaction costs, global competitiveness for small businesses, and job creation.

• E-commerce has no impact on the global economy

• E-commerce leads to increased unemployment worldwide

• E-commerce causes inflation in all countries

What are some challenges faced by e-commerce businesses?

• Weather patterns, social media trends, political instability

• High competition, cybersecurity threats, logistics and shipping complexities, customer trust issues, maintaining a user-friendly website

• Agricultural practices, space exploration, ancient history

• Fashion trends, culinary preferences, wildlife conservation

Discuss the future trends of e-commerce.

• Mobile shopping, AI personalization, voice commerce, social commerce, sustainability, and ethics.

• Drone delivery, Virtual reality shopping, Cryptocurrency payments