Exploring E-Business Concepts

What is e-business?

• E-business is a type of social media marketing.

• E-business refers to physical store operations.

• E-business is the conduct of business processes online.

• E-business is only about online shopping.

Name three types of e-business models.

• B2B, B2C, C2C

• B2G

• B2E

• C2B

What is the difference between B2B and B2C?

• B2B is only for online sales, while B2C is for physical stores.

• B2B involves selling products directly to consumers, while B2C is for wholesale transactions.

• B2B refers to transactions between consumers, while B2C is between businesses.

• B2B involves transactions between businesses, while B2C involves transactions between businesses and individual consumers.

How does e-commerce differ from e-business?

• E-commerce encompasses all online business activities, while e-business is limited to transactions.

• E-commerce is a subset of e-business focused on transactions, whereas e-business includes all online business activities.

• E-commerce and e-business are interchangeable terms with no distinct differences.

• E-business is a type of e-commerce that focuses on retail sales only.

What role does digital marketing play in e-business?

• Digital marketing is only useful for social media engagement.

• Digital marketing has no impact on customer retention.

• Digital marketing is primarily focused on offline advertising.

• Digital marketing is essential for driving traffic, building brand awareness, and increasing sales in e-business.

What are some common payment methods used in e-business?

• Cash on delivery

• Gift cards

• Barter system

• Credit cards, digital wallets, bank transfers, cryptocurrencies

Explain the importance of cybersecurity in e-business.

• Cybersecurity is essential in e-business to protect sensitive data, maintain customer trust, and prevent financial losses from cyber threats.

• Cybersecurity is only important for large corporations.

• E-business does not involve any sensitive data.

• Cybersecurity measures are too expensive for small businesses.

What is a supply chain in the context of e-business?

• A supply chain is the financial transactions between businesses.

• A supply chain refers to the marketing strategies used in e-business.

• A supply chain is only the transportation of goods.

• A supply chain in e-business is the network of organizations and activities involved in delivering products or services from suppliers to customers.

How can social media impact e-business?

• Social media only benefits traditional businesses.

• Social media impacts e-business by boosting brand visibility, enhancing customer engagement, and providing targeted advertising.

• Social media has no effect on brand awareness.

• Social media reduces customer trust in e-business.

What are the advantages of e-business over traditional business?

• Restricted geographical presence

• Advantages of e-business include lower costs, global reach, 24/7 availability, faster transactions, and better data analytics.

• Higher employee turnover

• Limited customer interaction