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E-Commerce and E-Business Quiz
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E-Commerce and E-Business Quiz

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Questions and Answers

What is the primary difference between E-Business and E-Commerce?

  • E-Business is used by large corporations, while E-Commerce is used by small businesses.
  • E-Business focuses on the entire business process, including internal processes and interactions with business partners, while E-Commerce mainly deals with buying and selling over the internet. (correct)
  • E-Business involves only online transactions, while E-Commerce includes both online and offline transactions.
  • E-Business and E-Commerce are interchangeable terms with no significant difference.
  • Which type of e-commerce model involves transactions between a business and individual consumers?

  • Business-to-Consumer (B2C) Model (correct)
  • Consumer-to-Consumer (C2C) Model
  • Consumer-to-Business (C2B) Model
  • Business-to-Business (B2B) Model
  • What is the concept of 'Wisdom of Crowds' in the context of e-commerce?

  • It is a system that relies on the feedback and ratings of individual customers to drive product recommendations.
  • It is a marketing strategy that targets specific social groups for product promotion.
  • It refers to the collective opinion or prediction of a diverse group of individuals, which tends to be more accurate than that of any single expert. (correct)
  • It is a concept that promotes local community engagement in online commerce activities.
  • What is the primary focus of conversational commerce?

    <p>To facilitate transactions through social media platforms and messaging apps by integrating chatbots and human interaction.</p> Signup and view all the answers

    What is the purpose of a Private Industrial Network (PIN) in e-commerce?

    <p>To provide a secure platform for businesses to conduct transactions and share information with select partners in their supply chain.</p> Signup and view all the answers

    Which statement best describes the impact of E-Commerce on traditional businesses?

    <p>E-Commerce has disrupted traditional business models, leading to increased competition and transformation of consumer behavior.</p> Signup and view all the answers

    What is the key difference between E-Business and E-Commerce?

    <p>E-Business focuses on using electronic networks for all business processes, while E-Commerce is primarily concerned with buying and selling of goods and services electronically.</p> Signup and view all the answers

    In the context of e-commerce, what is the primary function of a Private Industrial Network (PIN)?

    <p>To enable secure communication and collaboration among a select group of business partners.</p> Signup and view all the answers

    What distinguishes Social Commerce from traditional e-commerce?

    <p>Social Commerce leverages social media platforms for buying and selling, while traditional e-commerce uses dedicated online stores.</p> Signup and view all the answers

    What characterizes the Consumer-to-Business (C2B) e-commerce model?

    <p>Consumers post their specific requirements, and businesses respond with competitive bids or offers.</p> Signup and view all the answers

    How does Mobile Commerce differ from traditional e-commerce?

    <p>Mobile Commerce enables location-based marketing, while traditional e-commerce is not tailored for geographic targeting.</p> Signup and view all the answers

    What is the primary aspect of Conversational Commerce in the context of e-commerce?

    <p>Utilizing chatbots or virtual assistants for personalized customer interactions and transactions.</p> Signup and view all the answers

    Study Notes

    E-Business and E-Commerce

    • The primary difference between E-Business and E-Commerce is that E-Business is a broader concept that encompasses all aspects of a business, whereas E-Commerce is a narrower concept that focuses on buying and selling products and services online.

    E-Commerce Models

    • Business-to-Consumer (B2C) e-commerce model involves transactions between a business and individual consumers.
    • Social Commerce is distinguished from traditional e-commerce by its integration with social media platforms, enabling social interactions and user-generated content to influence purchasing decisions.
    • Characteristic of Consumer-to-Business (C2B) e-commerce model is that individuals offer goods or services to businesses.

    Key Concepts

    • The concept of 'Wisdom of Crowds' in the context of e-commerce refers to the aggregation of information and opinions from a large group of people, resulting in a more accurate and reliable outcome.

    Private Industrial Network (PIN)

    • The primary function of a Private Industrial Network (PIN) in e-commerce is to facilitate secure and private communication between businesses and their partners or suppliers.

    Impact of E-Commerce

    • The impact of E-Commerce on traditional businesses is that it has forced them to adapt to new business models and strategies to remain competitive.

    Conversational Commerce

    • The primary focus of conversational commerce is on using chatbots, voice assistants, and other conversational interfaces to facilitate customer interactions and transactions.
    • The primary aspect of Conversational Commerce is the use of messaging platforms and voice assistants to enable customers to interact with businesses and make purchases.

    Mobile Commerce

    • Mobile Commerce differs from traditional e-commerce in that it enables transactions and interactions through mobile devices, such as smartphones and tablets.

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    Description

    Test your knowledge of e-commerce, e-business, mobile commerce, social commerce, wisdom of crowds, local commerce, conversational commerce, and different e-commerce models including B2C, B2B, C2C, and C2B.

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