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E-COMMERCE

M1 REVIEWER

QuestionAnswer
Which of the following is NOT a benefit of EC? Increased market reach Reduced transaction costs Complete elimination of fraud Improved customer service Complete elimination of fraud
Which term refers to an economic system based on sharing goods and services among participants? Digital economy Social commerce Sharing economy Collaborative commerce Sharing economy
Which EC model uses email and social networks for word-of-mouth advertising? Viral marketing Group purchasing Electronic tendering Direct model Viral marketing
Which EC transaction type involves retail sales from businesses to individual shoppers? B2B B2C C2B C2C B2C
Which term refers to conducting all kinds of business online, including servicing customers and collaborating with partners? E-commerce E-business Social commerce Digital economy E-business
What is an intranet? A public network connecting businesses globally A corporate internal network using Internet tools A network linking multiple organizations securely A virtual world for social networking A corporate internal network using Internet tools
Which of the following is NOT a major component of the EC framework? People Public policy Infrastructure Physical retail stores Physical retail stores
What does EDI stand for in the history of EC? Electronic Data Interchange Electronic Digital Integration Electronic Document Interface Electronic Delivery Information Electronic Data Interchange
Which EC model involves selling products online directly from manufacturer to customer? Group purchasing Online direct marketing Electronic tendering Viral marketing Online direct marketing
Which business model charges a fee for making markets? Brokerage Merchant Affiliate Infomediary Brokerage
A government agency uses an online system to purchase IT equipment from private companies. Which EC type applies? G2C G2B B2E C2B G2B
A freelance graphic designer uses an online platform to offer services to companies. Which EC category applies? C2C C2B B2C B2E C2B
A virtual reality platform allows users to create avatars and interact in a simulated environment. What is this called? Social commerce Virtual world Extranet Intranet Virtual world
A business uses Web 2.0 tools to allow customers to share reviews and collaborate online. Which generation of EC is this? EC 1.0 EC 2.0 EC 3.0 EC Plus EC 2.0
A retailer partners with a manufacturer to sell products online and share profits. Which EC relationship does this describe? Collaborative commerce C2C B2B2C Infomediary B2B2C
A company uses an internal network to share HR policies and payroll information with employees. What is this network called? Internet Extranet Intranet Virtual world Intranet
A ride-sharing app like Uber operates on a model where people share services using technology. What is this economic system called? Digital enterprise Sharing economy Social commerce Collaborative commerce Sharing economy
A company resists adopting e-commerce due to fear of fraud and lack of skilled employees. What is this an example of? EC benefits EC barriers EC drivers EC framework EC barriers
A consumer posts a request for a custom-made product and businesses bid to fulfill it. Which EC category applies? B2C C2B C2C B2B C2B
A large corporation invites suppliers to submit bids for a contract through an online platform. Which EC model is being used? Viral marketing Electronic tendering system Group purchasing Affiliate marketing Electronic tendering system
Which EC category refers to transactions among various organizational departments? B2E Intrabusiness EC C2C G2B Intrabusiness EC
Which term refers to computing systems involving social interactions and behaviors? Social networking Social computing Digital enterprise Virtual world Social computing
Which of the following is a characteristic of the digital economy? Offline transactions only Based on physical marketplaces Economy driven by online transactions Excludes wireless communication networks Economy driven by online transactions
A business uses an online platform to buy office supplies from multiple vendors at discounted rates by pooling orders. Which model is this? Group purchasing Viral marketing Direct model Infomediary Group purchasing
A government portal allows citizens to pay taxes online. What type of EC transaction is this? B2C G2C C2B B2E G2C
A company uses blogs and wikis to collaborate on product design with its partners online. Which concept is applied? Social computing Digital economy Sharing economy Affiliate marketing Social computing
A company pays website owners to display its ads and shares revenue from clicks. Which business model is this? Affiliate Brokerage Merchant Advertising Affiliate
A local coffee shop wants to sell its products online directly to customers without intermediaries. Which EC model best fits this scenario? Brokerage Online direct marketing Group purchasing Infomediary Online direct marketing
Maria sells handmade crafts on eBay to other individuals. Which EC category does this represent? B2B C2C B2C C2B C2C
What percentage of EC volume is approximately B2B? 50% 65% 85% 95% 85%
What is a virtual world also known as? Social network Metaverse Digital economy Extranet Metaverse
What does Electronic Commerce (EC) primarily refer to? Buying and selling goods offline Using the Internet and intranets to trade data, goods, or services Conducting face-to-face business transactions Delivering physical goods only Using the Internet and intranets to trade data, goods, or services
A company integrates social media tools into its customer service strategy to engage users and resolve issues. Which concept is this? Social business Digital enterprise Social computing Collaborative commerce Social business
Created by: hanami
 



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