Questions and Answers
Which of the following is NOT a unique feature of the Internet and Web as a commercial medium?
Physical presence
What is the term for e-commerce transactions between a purchasing organization and its suppliers?
Buy-side e-commerce
What is the term for e-commerce transactions between a supplier organization and its customers?
Sell-side e-commerce
What is the annual growth rate of e-commerce sales in most countries?
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What is digital business?
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Study Notes
E-commerce Fundamentals
- One unique feature of the Internet and Web as a commercial medium is interactivity, which allows for two-way communication between the business and the customer.
- Business-to-Business (B2B) e-commerce refers to e-commerce transactions between a purchasing organization and its suppliers.
- Business-to-Consumer (B2C) e-commerce refers to e-commerce transactions between a supplier organization and its customers.
- The annual growth rate of e-commerce sales in most countries is 15-20%.
- Digital business refers to the use of digital technologies to create new or modify existing business models, and can include e-commerce, digital marketing, and digital communication.