E-Commerce: Business Models and Advantages
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Questions and Answers

What is the definition of e-commerce?

  • Conducting business transactions over the Internet or similar technology (correct)
  • Operating a brick-and-mortar store
  • Conducting business transactions over private networks
  • Using mobile devices to shop online
  • What is a dot-com store?

  • An internet-only store with no physical presence (correct)
  • A store that focuses on m-commerce
  • A store that operates via private networks
  • A conventional store with a physical presence
  • What does m-commerce refer to?

  • Conducting business transactions over private networks
  • Operating a brick-and-mortar store
  • E-commerce carried out via phones and other mobile devices (correct)
  • Using mobile devices to shop online
  • What are some potential advantages of e-commerce?

    <p>Lower transaction costs and expanded market reach</p> Signup and view all the answers

    What is a brick-and-mortar store?

    <p>A conventional store with a physical presence</p> Signup and view all the answers

    Study Notes

    E-Commerce Learning Objectives

    • E-commerce is a topic that involves understanding its advantages and disadvantages, as well as its implementation.

    Types of E-Commerce

    • Various e-commerce business models exist, each with their unique differences.

    Implementing E-Commerce

    • Web sites can be used to implement e-commerce, with different types of sites serving different purposes.
    • Strategies for implementing e-commerce using the Web include:
      • Making decisions regarding e-commerce implementation
      • Selecting options for accepting payments
      • Designing and developing an effective Web site

    E-Commerce Marketing Strategies

    • Sales and marketing strategies can be used in conjunction with an e-commerce Web site to achieve business goals.

    E-Commerce Security

    • Security issues are a concern for e-commerce sites, and understanding these issues is crucial for successful implementation.

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    Description

    Test your knowledge on e-commerce by understanding its definition, advantages, disadvantages, and various business models. Explore the different types of e-commerce websites and their functions.

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