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Questions and Answers
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?
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Which of the following correctly defines C2C transactions?
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Study Notes
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.
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Description
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.
