E-Commerce Chapter 2: Mechanisms and E-Marketplaces

Play an AI-generated podcast conversation about this lesson

What is the main function of intermediaries in e-commerce transactions?

Manage payment arrangements

Provide relevant information about demand and supply

Match sellers and buyers (correct)

Offer consulting services

Which term describes the process of removing or reducing intermediaries between sellers and buyers?

Reintermediation

Forward Auction

Reverse Auction

Disintermediation (correct)

What is the purpose of a Web portal in an e-marketplace?

Conduct reverse auctions

Offer consulting services to buyers

Serve as an online auction platform

Act as a single point of access through a Web browser (correct)

What type of auction involves one buyer and many potential sellers?

Reverse Auction Signup and view all the answers

What does dynamic pricing refer to in e-commerce?

Fluctuating prices based on market conditions Signup and view all the answers

How is crowdsourcing utilized in e-commerce?

For collective problem-solving and work sharing Signup and view all the answers

What is one of the major functions of E-marketplaces?

Reduce search time and cost Signup and view all the answers

Which of the following is a component of the front end of an E-marketplace?

Shopping cart Signup and view all the answers

What role do intermediaries play in E-marketplaces?

Operate between sellers and buyers Signup and view all the answers

What is one advantage of E-marketplaces over traditional markets?

Conduct transactions at any time at any place Signup and view all the answers

Which activity is NOT typically associated with E-commerce based on the text provided?

Sleep Signup and view all the answers

What purpose do E-marketplaces serve in EC transactions according to the text?

Efficiently provide a meeting place for buyers and sellers Signup and view all the answers

E-Commerce Chapter 2: Mechanisms and E-Marketplaces

Podcast Beta

Questions and Answers

What is the main function of intermediaries in e-commerce transactions?

Which term describes the process of removing or reducing intermediaries between sellers and buyers?

What is the purpose of a Web portal in an e-marketplace?

What type of auction involves one buyer and many potential sellers?

What does dynamic pricing refer to in e-commerce?

How is crowdsourcing utilized in e-commerce?

What is one of the major functions of E-marketplaces?

Which of the following is a component of the front end of an E-marketplace?

What role do intermediaries play in E-marketplaces?

What is one advantage of E-marketplaces over traditional markets?

Which activity is NOT typically associated with E-commerce based on the text provided?

What purpose do E-marketplaces serve in EC transactions according to the text?

More Quizzes Like This

ITE2513 - Internet & E-Commerce Chapter 2 Quiz

Commerce SJU Chapter 2 & 4: Values and Business Environment Analys...

Business Management Chapter 2

Introduction to Information Systems Chapter 9

Upgrade to continue

E-Commerce Chapter 2: Mechanisms and E-Marketplaces

Podcast Beta

Questions and Answers

What is the main function of intermediaries in e-commerce transactions?

Which term describes the process of removing or reducing intermediaries between sellers and buyers?

What is the purpose of a Web portal in an e-marketplace?

What type of auction involves one buyer and many potential sellers?

What does dynamic pricing refer to in e-commerce?

How is crowdsourcing utilized in e-commerce?

What is one of the major functions of E-marketplaces?

Which of the following is a component of the front end of an E-marketplace?

What role do intermediaries play in E-marketplaces?

What is one advantage of E-marketplaces over traditional markets?

Which activity is NOT typically associated with E-commerce based on the text provided?

What purpose do E-marketplaces serve in EC transactions according to the text?

More Quizzes Like This

ITE2513 - Internet &amp; E-Commerce Chapter 2 Quiz

Commerce SJU Chapter 2 &amp; 4: Values and Business Environment Analys...

Business Management Chapter 2

Introduction to Information Systems Chapter 9

ITE2513 - Internet & E-Commerce Chapter 2 Quiz

Commerce SJU Chapter 2 & 4: Values and Business Environment Analys...