Chapter 10 Quiz

What does the term "Brick-and-mortar" refer to in the context of Chapter 10?

• A type of online marketplace

• A construction technique for physical stores

• Traditional physical retail stores

• A new form of e-commerce

Which term refers to the use of mobile devices for conducting online transactions?

• E-commerce

• M-commerce

• Click-and-mortar

• E-store

What is one of the main advantages of e-commerce mentioned in the text?

• It requires a large physical storefront.

• It is more expensive than traditional commerce.

• It makes buying products over the Internet efficient and convenient.

• It limits the global connection to customers.

What is an important perk of Internet shopping mentioned in the text related to prices?

• Fixed pricing across all online platforms

• Ability to negotiate prices with sellers directly

• Easy comparison of prices across multiple vendors

• Price matching with brick-and-mortar stores

What term is used to describe companies that have both brick-and-mortar stores and online storefronts?

• Brick-and-click companies

• E-commerce companies

• Click-only companies

• Mortar-and-web companies

What can the term 'e-store' refer to according to the text?

• Only stores of large national retailers.

• Only individual entrepreneurs' online stores.

• Both large retailers and small individual entrepreneurs' online stores.

• Physical stores that are planning to go online.

Which platforms are mentioned in the text as being used by entrepreneurs to set up their online stores?

• Amazon.com and eBay.com

• Walmart.com and Target.com

• Shopify.com and BigCommerce.com

• Google.com and Bing.com

What is an online marketplace?

• A) A physical store where people can buy and sell items.

• B) A website where only classified ads are posted.

• C) An e-commerce site where many different retailers sell goods.

• D) A platform where only auctions are held.

Which of the following is a characteristic of an auction site?

• A) It is a classified site where people post items they want to sell.

• B) It is a third-party Web store where products are displayed.

• C) It allows buyers to bid on items and the highest bidder wins the right to purchase the item.

• D) It processes all the transactions and takes a portion of each sale.

What is a third-party Web store?

• A) A site where transactions are processed by the company that runs the site.

• B) An e-commerce site where people or businesses display goods at fixed prices.

• C) A website where people can bid on items but cannot buy them directly.

• D) A platform where only classified ads are posted without any direct selling.