e-com

What is the definition of e-commerce?

• The use of the Internet, the Web, and mobile apps and browsers to transact business.

• The digital enabling of transactions and processes within a firm.

• The process of selling goods in a physical store.

• The use of social media for personal communication.

What are the technological building blocks underlying e-commerce?

• The Internet, Web, and Mobile Platform.

• Billboards, Flyers, and Brochures.

• Television, Radio, and Print Media.

• Telegraph, Telephone, and Fax Machine.

What does B2C stand for in e-commerce?

• Business to Business

• Business to Company

• Business to Community

• Business to Consumer

What is disintermediation in e-commerce?

• Enhancing the role of intermediaries in the market.

• Displacement of market middlemen by a direct relationship between producers and consumers.

• Creating more layers between producers and consumers.

• Increasing the number of middlemen in the market.

What is a revenue model in e-commerce?

• A model for reducing costs in a firm.

• A model for expanding the physical locations of a business.

• A model for increasing the number of employees in a company.

• Describes how the firm will earn revenue, generate profits, and produce a superior return on invested capital.

What is a market opportunity in e-commerce?

• Refers to the company's marketing budget.

• Refers to the company's intended market space and the overall potential financial opportunities available.

• Refers to the company's customer service strategy.

• Refers to the company's internal organizational structure.

What are Porter's 5 forces in industry analysis?

• Competition in the industry, Potential of new entrants, Power of suppliers, Power of customers, Threat of substitute products.

• Competition in the industry, Potential of new products, Power of consumers, Power of employees, Threat of competitors.

• Competition in the industry, Potential of new markets, Power of regulators, Power of shareholders, Threat of economic downturn.

• Competition in the industry, Potential of new technologies, Power of distributors, Power of advertisers, Threat of environmental changes.

What is cloud computing?

• A model of computing that is limited to a single device.

• A model of computing that does not involve data storage.

• A model of computing that relies on physical servers only.

• A model of computing in which computer processing, storage, software, and other services are provided over the Internet.

What is the Internet of Things (IoT)?

• The use of the Internet for online shopping.

• The use of the Internet for social media interactions only.

• The use of the Internet to connect a wide variety of devices, machines, and sensors.

• The use of the Internet for entertainment purposes.

What is edge computing?

• Optimizes cloud computing by reducing the number of servers used.

• Optimizes cloud computing by increasing the distance between servers and end users.

• Optimizes cloud computing by using larger servers.

• Optimizes cloud computing by shifting processing and data storage load to servers located closer to end users.