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?

<p>Information technologies such as the Internet and the Web (D)</p> Signup and view all the answers

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

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

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

<p>The Internet, the Web, and the Mobile Platform (D)</p> Signup and view all the answers

How does e-commerce differ from traditional business thinking?

<p>E-commerce challenges much of traditional business thinking, while traditional business is more static in its approach. (A)</p> Signup and view all the answers

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

<p>E-commerce involves the exchange of value across organizational or individual boundaries in return for products or services. (D)</p> Signup and view all the answers

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

<p>To provide catalog, search engine, and transaction-clearing capabilities (B)</p> Signup and view all the answers

What characterizes m-commerce?

<p>The use of cellular and wireless networks to connect devices to the Internet (D)</p> Signup and view all the answers

What does local e-commerce focus on?

<p>Engaging the consumer based on their current geographic location (D)</p> Signup and view all the answers

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

<p>It has increased astronomically, from just $32.8 billion in 2012 to over an expected $180 billion in 2016 (C)</p> Signup and view all the answers

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

<p>The total amount and quality of information available to all market participants (B)</p> Signup and view all the answers

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

<p>Business-to-Business (B2B) E-Commerce (B)</p> Signup and view all the answers

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

<p>Business-to-Consumer (B2C) E-Commerce (A)</p> Signup and view all the answers

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

<p>The complexity and content of a message (C)</p> 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.

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