C2C and M-Commerce Quiz

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Questions and Answers

Which technology is NOT essential for understanding e-commerce?

Web servers

Local area networks

Social media platforms (correct)

Cloud computing

What creates the interest and excitement in e-commerce according to the text?

Business applications and potential returns on investment (correct)

The Internet and the Web

Mobile platform and cloud computing

Packet-switched communications and HTML

Which societal issue is critical to being successful in the e-commerce marketplace?

Individual privacy

Public policy

Consumer behavior in digital markets

Intellectual property (correct)

What does the text suggest is the primary infrastructure for e-commerce?

Information technologies such as the Internet and the Web Signup and view all the answers

What is the primary difference between e-commerce and e-business?

E-commerce involves the exchange of value across organizational boundaries, while e-business focuses on digital enablement of transactions within a firm. Signup and view all the answers

Which technological components are the key drivers behind e-commerce?

The Internet, the Web, and the Mobile Platform Signup and view all the answers

How does e-commerce differ from traditional business thinking?

E-commerce challenges much of traditional business thinking, while traditional business is more static in its approach. Signup and view all the answers

What is the definition of e-commerce according to the provided text?

E-commerce involves the exchange of value across organizational or individual boundaries in return for products or services. Signup and view all the answers

What is the primary role of the market maker in C2C e-commerce?

To provide catalog, search engine, and transaction-clearing capabilities Signup and view all the answers

What characterizes m-commerce?

The use of cellular and wireless networks to connect devices to the Internet Signup and view all the answers

What does local e-commerce focus on?

Engaging the consumer based on their current geographic location Signup and view all the answers

How has m-commerce grown in the last five years?

It has increased astronomically, from just $32.8 billion in 2012 to over an expected $180 billion in 2016 Signup and view all the answers

What does 'information density' refer to in the context of e-commerce?

The total amount and quality of information available to all market participants Signup and view all the answers

Which type of e-commerce focuses on businesses selling to other businesses?

Business-to-Business (B2B) E-Commerce Signup and view all the answers

In which type of e-commerce do online businesses attempt to reach individual consumers?

Business-to-Consumer (B2C) E-Commerce Signup and view all the answers

What does 'richness' refer to in the context of e-commerce?

The complexity and content of a message Signup and view all the answers

Study Notes

E-commerce Fundamentals

E-commerce is not dependent on artificial intelligence technology.
The excitement and interest in e-commerce come from its ability to offer 24/7 accessibility, universal access, and interactive and multimedia capabilities.

Key Components and Infrastructure

The primary infrastructure for e-commerce is the internet.
The key technological components driving e-commerce are internet, web, and mobile technologies.

E-commerce vs. E-business

The primary difference between e-commerce and e-business is that e-commerce focuses on buying and selling goods and services online, while e-business includes all aspects of running a business online.

E-commerce Types

Business-to-Business (B2B) e-commerce focuses on businesses selling to other businesses.
Business-to-Consumer (B2C) e-commerce involves online businesses attempting to reach individual consumers.

C2C E-commerce

The primary role of the market maker in C2C e-commerce is to provide a platform for buyers and sellers to interact and facilitate transactions.

M-commerce

M-commerce is characterized by the use of mobile devices and wireless technology to conduct transactions.
Local e-commerce focuses on online businesses targeting local markets and providing services to local customers.
M-commerce has experienced significant growth over the last five years, driven by increasing mobile device adoption and improved wireless infrastructure.

E-commerce Concepts

"Information density" refers to the amount and quality of information available to consumers when making online purchasing decisions.
"Richness" refers to the amount of sensory information available to consumers when making online purchasing decisions.

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Description

Test your knowledge about C2C e-commerce and mobile e-commerce (M-commerce) with this quiz. Learn about consumer involvement, market maker services, and the use of mobile devices for online transactions.