E-commerce

Which of the following best defines e-commerce?

• The exchange of goods and services between individuals within a local community

• The buying and selling of products and services over the internet

• The traditional method of commerce through physical retail stores only

• The exchange of goods and services exclusively through mobile applications

Which of the following is NOT a primary component of e-commerce?

• Online payment processing

• Digital marketing

• Inventory management

• Traditional brick-and-mortar stores

Which of the following is a benefit of e-commerce for businesses?

• Limited market reach

• Higher operating costs compared to traditional retail

• 24/7 availability to customers

• Decreased accessibility for global customers

How does e-commerce contribute to globalization?

• By limiting access to international markets

• By enabling businesses to reach customers worldwide

• By increasing import tariffs

• By promoting isolationist trade policies

How does e-commerce impact traditional retail businesses?

• It has no impact on traditional retail

• It enhances traditional retail by providing additional revenue streams

• It competes with traditional retail, leading to closures of physical stores

• It solely focuses on promoting traditional retail businesses

What does the term "e-business" refer to?

• The electronic exchange of goods and services

• The use of email for business communications

• The digitalization of business processes

• E-commerce

What is the primary focus of e-business?

• Maximizing physical store traffic

• Enhancing traditional business practices with digital technologies

• Eliminating the need for human resources in business operations

• Minimizing customer engagement

Which of the following is NOT a common e-commerce strategy?

• International shipping

• Branded website

• Traditional retail

• Local market URL

What is m-commerce?

• Marketing through social media platforms

• Management of e-commerce websites

• Buying and selling of goods and services through mobile devices

• Manufacturing processes for mobile devices

Which of the following is a key advantage of m-commerce?

• Limited accessibility

• Reduced security

• Convenience and accessibility for customers

• Higher operating costs