E-commerce Basics and Business Models

What does B2C stand for in the context of e-commerce?

Which of the following is a method for securing online transactions?

What is considered a newer payment method in e-commerce?

What essential convenience does e-commerce provide compared to traditional shopping?

Which of the following correctly defines C2C transactions?

E-commerce Basics

E-commerce involves buying and selling goods through online sources.
Popular e-commerce platforms include Amazon, Shopify, and Big Cartel.

Business Models

B2C (Business-to-Consumer): Businesses sell products directly to consumers.
C2C (Consumer-to-Consumer): Consumers sell products directly to other consumers.
B2B (Business-to-Business): Transactions occur between two businesses.

Security Measures

3D Secure: An authentication method that adds an extra layer of security.
TLS (Transport Layer Security): A method of security that involves encrypting data.

Payment Methods

Universal Payment Methods: Include cash, debit cards, and credit cards.
Newer Payment Methods: Include Google Pay, Apple Pay, Venmo, Cash App, and PayPal.

E-commerce Conveniences

E-commerce offers convenience by allowing customers to place orders from remote locations.
Customers can avoid visiting physical stores.
E-commerce provides access to a wider variety of products.
Online stores are available 24/7.

This quiz covers the fundamental concepts of e-commerce, including different business models like B2C, C2C, and B2B. It also discusses essential security measures and various payment methods. Test your knowledge on how e-commerce operates and its advantages for consumers and businesses alike.