WEEK1 QUIZ BUIS3103

What does E-business refer to?

• Business transactions that only involve physical goods

• Business transactions that take place online

• Business transactions that take place offline

• Business transactions that require personal meetings

Which of the following is NOT a feature of online business?

• No geographical boundaries

• Higher transaction risk than traditional business

• Personal touch in transactions

• Flexible business hours

What is a key advantage of E-commerce over traditional commerce?

• Heavy dependency on personal communication

• Synchronous communication for transactions

• Asynchronous communication capabilities

• Difficulties in establishing standard practices

Which of the following is a component of a business model?

• Manual transaction processing

• Physical store location

• Personal communication

• Market strategy

What does 'first-mover advantage' refer to?

• The last company to enter a market

• A company that follows market trends

• A company that has the most resources

• The first company to enter a new market