E-Business and E-Commerce Overview
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Questions and Answers

What is the role of effective communication in teamwork?

  • It isolates team members.
  • It reduces the need for collaboration.
  • It limits the sharing of ideas.
  • It fosters understanding and cooperation. (correct)

    • How can conflict be resolved in a team setting?

  • By forcing a decision on all members.
  • By avoiding the issue entirely.
  • By allowing some members to dominate the discussion.
  • By promoting open dialogue and active listening. (correct)

    • What is a common misconception about leadership in teams?

  • Leaders should empower team members.
  • Leaders do not need to listen to feedback.
  • Leaders only need to manage tasks.
  • Leaders should make all the decisions alone. (correct)

    • Which of the following best describes the importance of feedback in a team?

    <p>It helps in personal and team growth.</p> Signup and view all the answers

    What is the effect of diversity in team composition?

    <p>It can enhance problem-solving capabilities.</p> Signup and view all the answers

    Study Notes

    E-Business and E-Commerce

    • E-business encompasses all forms of using digital information and communication technologies to support and optimize business processes.
    • E-commerce focuses solely on online trading of products and services.
    • E-commerce is a subset of e-business.

    Key Challenges of E-Business

    • Securing e-business services against sophisticated cyber threats.
    • Quickly scaling up services to meet demand without compromising performance.
    • Keeping up with rapidly evolving technology to stay current with shifting market conditions.
    • Integrating siloed data and processes with e-business services.
    • Locating and training personnel proficient in cutting-edge technologies.

    Types of E-Commerce

    • Business-to-Business (B2B): Companies selling products or services to other companies or organizations. (e.g., Cisco, Staples)
    • Business-to-Consumer (B2C): Companies selling products or services directly to consumers. (e.g., Amazon)
    • Consumer-to-Consumer (C2C): Consumers selling products or services to each other through an online platform. (e.g., eBay)
    • Business-to-Government (B2G): Deals between businesses and the government; typically involves the online purchase of supplies or services by the government.
    • Consumer-to-Business (C2B): Individuals selling goods or services to businesses; for example, providing review services like ShutterStock or freelance services online.
    • Mobile Commerce (m-commerce): Conducting transactions using mobile devices.

    Importance of E-Commerce

    • Improved Sales
    • Global Service Availability
    • Enhanced Responsiveness
    • Universal Standards
    • Efficient Inventory Management
    • Interactivity and Support
    • Increased Efficiency and Effectiveness
    • Information Density

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    Description

    This quiz explores the fundamentals of e-business and e-commerce, highlighting their definitions, types, and the key challenges faced in the digital marketplace. Understand the distinction between e-business and e-commerce, and learn about different models like B2B, B2C, and C2C. It's essential for anyone looking to navigate the online business environment.

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