E-Commerce Chapter 2: Mechanisms and E-Marketplaces
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Questions and Answers

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?

    <p>Reverse Auction</p> Signup and view all the answers

    What does dynamic pricing refer to in e-commerce?

    <p>Fluctuating prices based on market conditions</p> Signup and view all the answers

    How is crowdsourcing utilized in e-commerce?

    <p>For collective problem-solving and work sharing</p> Signup and view all the answers

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

    <p>Reduce search time and cost</p> Signup and view all the answers

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

    <p>Shopping cart</p> Signup and view all the answers

    What role do intermediaries play in E-marketplaces?

    <p>Operate between sellers and buyers</p> Signup and view all the answers

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

    <p>Conduct transactions at any time at any place</p> Signup and view all the answers

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

    <p>Sleep</p> Signup and view all the answers

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

    <p>Efficiently provide a meeting place for buyers and sellers</p> Signup and view all the answers

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