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Digital Business and E-Commerce Introduction Quiz

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Digital Business and E-Commerce Introduction Quiz

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Questions and Answers

What is the main focus of Chapter 1 in the text?

The impact of electronic communications on traditional businesses.

Digital business risks and barriers to business adoption.

Business adoption of digital technologies for ecommerce and digital business.

Digital business opportunities. (correct)

Which company has been used as an example to illustrate digital business innovation and opportunity?

AltaVista

Yahoo

Hotmail

Amazon (correct)

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

E-commerce focuses on physical goods while digital business focuses on digital products.

E-commerce is more profitable than digital business.

Digital business encompasses a wider range of activities including e-commerce. (correct)

Digital business is only for large organizations while e-commerce is for small businesses.

What are the ongoing business challenges highlighted in Slide 1.5?

<p>Managing digital business for online start-up businesses.</p> Signup and view all the answers

According to the text, what is the impact of electronic communications on traditional businesses?

<p>It has led to increased competition from digital businesses.</p> Signup and view all the answers

Study Notes

Chapter 1 Overview

Chapter 1 focuses on digital business innovation and opportunity.

Example of Digital Business Innovation

Amazon has been used as an example to illustrate digital business innovation and opportunity.

Digital Business vs E-commerce

Digital business is a broader concept that involves the use of digital technology to create new business models, products, and services, whereas e-commerce is a narrower concept that focuses on buying and selling products online.

Ongoing Business Challenges

Ongoing business challenges include adapting to changing customer needs, managing global supply chains, and addressing environmental sustainability.

Impact of Electronic Communications on Traditional Businesses

Electronic communications have forced traditional businesses to re-evaluate their business models, as they face increased competition from online businesses and changing customer expectations.

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Description

Test your knowledge of digital business and e-commerce introduction with this quiz. Covering topics such as the meaning and scope of digital business, reasons for adoption, barriers to adoption, and ongoing business challenges, this quiz will help reinforce your understanding of the fundamentals.