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Questions and Answers
What does digital business involve?
What does digital business involve?
- Creating traditional products with minimal digital involvement
- Revolutionizing business models and product delivery using digital technology (correct)
- Focusing solely on physical product delivery
- Maintaining existing business models without any digital integration
What is the primary aim of digital business?
What is the primary aim of digital business?
- Maintaining traditional product lines without any changes
- Focusing on traditional marketing strategies
- Creating innovative products that generate fresh value (correct)
- Minimizing product innovation to reduce costs
Which type of business platform involves providing financial services through technology?
Which type of business platform involves providing financial services through technology?
- E-commerce Platforms
- Social Media Networks
- FinTech Companies (correct)
- Cloud Computing Providers
Which type of business platform is associated with booking flights, hotels, and car rentals?
Which type of business platform is associated with booking flights, hotels, and car rentals?
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Which type of business platform is commonly used for selling and purchasing goods and services over the internet?
Which type of business platform is commonly used for selling and purchasing goods and services over the internet?
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Study Notes
Digital Business
- Digital business involves the use of digital technologies to create new, or modify existing, business models, products, and services.
Types of Digital Business Platforms
- Fintech (Financial Technology) platforms involve providing financial services through technology.
- Travel platforms are associated with booking flights, hotels, and car rentals.
- E-commerce platforms are commonly used for selling and purchasing goods and services over the internet.
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