FREE Bachelor of Commerce: E-Commerce Questions and Answers
Digital goods are ideal for business-to-consumer e-commerce since they:
Digital goods are highly suitable for business-to-consumer (B2C) e-commerce due to their ability to be mass-customized and personalized, their instantaneous delivery at the time of purchase, and their commodity-like nature. These characteristics make digital goods an ideal fit for online transactions, enhancing the consumer experience and convenience in the e-commerce space.
Which statement best represents e-commerce?
The statement "doing business electronically" best represents e-commerce. E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet or other electronic means. It involves electronic transactions, online shopping, online payments, and various other electronic business activities.
What market is eBay an example of?
eBay is an example of the "c2c" (consumer-to-consumer) e-commerce market. In the c2c model, individual consumers interact and engage in transactions with other individual consumers, often using online platforms to buy and sell goods and services directly to each other. eBay allows individuals to list items for sale and bid on items listed by other individuals, making it a classic example of a c2c e-commerce platform.
What website facilitates Global Easy Buy?
Global Easy Buy is a service provided by eBay, and it can be facilitated through the eBay website, ebay.com. Global Easy Buy is designed to make it easier for international buyers to purchase items from eBay sellers located in the United States. It helps with international shipping, customs clearance, and other logistics to provide a smoother buying experience for buyers outside of the U.S.
Which goods are consumers likely to feel more uneasy purchasing online?
Furniture is one category of goods that consumers may feel more uneasy about purchasing online. Buying furniture online can be challenging because consumers are often unable to physically assess the product's quality, size, comfort, and appearance before making a purchase. The inability to touch, sit on, or see the furniture in person can lead to uncertainty and concern about whether the product will meet their expectations. While e-commerce has evolved to provide detailed product descriptions and images, the tactile and visual experience of furniture shopping is often preferred by consumers when making such purchases.
Which phrase describes the number of visitors to one website who then click on an advertisement to visit the advertiser's website?
The phrase that describes the number of visitors to one website who then click on an advertisement to visit the advertiser's website is "click-through." Click-through refers to the action of a user clicking on an advertisement or link, typically displayed on a publisher's website, which leads them to the advertiser's website or landing page. It's a metric used to measure the effectiveness of online advertisements in driving traffic to the advertiser's site.
Which of the following falls under the umbrella of e-four commerce's primary types?
All of the above options—c2b (consumer-to-business), b2b (business-to-business), and b2c (business-to-consumer)—fall under the umbrella of e-commerce's primary types. These terms refer to different models of online transactions.
To what market segment do eBay and Amazon.com belong?
Both eBay and Amazon.com belong to the market segment of "b2c" (business-to-consumer) e-commerce. In the b2c model, businesses directly sell products or services to individual consumers through online platforms. eBay and Amazon.com are well-known examples of online marketplaces where businesses list their products for consumers to purchase. This type of e-commerce involves transactions between businesses (the platform itself and the sellers) and individual consumers (the buyers).
The top items for B2C e-commerce sales are:
The statement "digital products" is correct. In B2C (business-to-consumer) e-commerce, digital products are often among the top-selling items. Digital products include items such as ebooks, software, music, movies, online courses, subscription services, and other digital content that can be delivered electronically. These products are popular in B2C e-commerce due to their ease of distribution and the convenience they offer to consumers who can access them immediately after purchase.
Which e-commerce model emphasizes consumer interaction with one another?
The e-commerce model that emphasizes consumer interaction with one another is "c2c" (consumer-to-consumer) e-commerce. In the c2c model, individual consumers interact and engage in transactions with other individual consumers. This type of e-commerce enables people to sell products or services to each other through online platforms, auction sites, classifieds, and peer-to-peer marketplaces. Examples of c2c platforms include eBay, Craigslist, and platforms where individuals can directly exchange goods and services with each other.
B2C e-commerce businesses employ all of the methods below to draw clients, with the exception of:
Virtual marketing is not typically mentioned as a method employed by B2C e-commerce businesses to draw clients. Instead, B2C businesses commonly use various strategies such as social media marketing, search engine optimization (SEO), email marketing, content marketing, influencer collaborations, and online advertising to attract and engage clients. "Virtual marketing" may not be a recognized term or method commonly associated with client acquisition in the context of B2C e-commerce.
Which goods are consumers likely to feel most at ease purchasing online?
Consumers generally feel more at ease purchasing products like CDs, PCs, and books online. These items have become more comfortable for online purchasing due to factors such as standardized content, detailed descriptions, reviews, and the convenience of searching and comparing products online. While preferences may vary, advancements in e-commerce practices have contributed to consumers' increased comfort with buying these types of products online.
What category handles auctions?
The category that handles auctions is indeed "c2c" (consumer-to-consumer) e-commerce. In the c2c model, individual consumers interact and engage in transactions with other individual consumers, often using online platforms for activities such as auctions. Platforms like eBay enable consumers to list items for sale and engage in auction-style transactions with other consumers. This model allows individuals to sell goods to other individuals through bidding and auction processes.
The answer to all of your business needs is
The answer to addressing a wide range of business needs is often "ERP" (Enterprise Resource Planning). ERP systems integrate various business processes and functions into a centralized software solution, enabling efficient management of resources, data, and operations across an organization. It helps streamline processes, improve communication, and enhance overall business performance by providing a comprehensive and unified platform to manage different aspects of the business.
It is an aspect of online commerce.
Online commerce involves various aspects that contribute to its success. Warehousing ensures proper inventory management, advertising helps promote products, and marketing strategies engage customers and build brand awareness. All these elements play crucial roles in the operations and growth of e-commerce businesses.
It does not relate to e-commerce
The correct answer is "none of the above." Warehousing, advertising, and marketing are all relevant to e-commerce. These aspects play important roles in managing inventory, promoting products, and engaging customers in online commerce.