5 Questions
Which of the following best describes e-commerce?
The trading of goods and services on the internet
How many people worldwide are estimated to buy goods and services online this year?
2.14 million
What is the term used to describe the process of sharing business information, maintaining business relationships, and conducting business transactions using computers connected to telecommunication networks?
Electronic data interchange
Which category of e-commerce presents a range of offerings available in a market segment for purchasers to compare prices and make purchase decisions?
Electronic markets
How many Prime members are estimated to be shopping on Amazon stores?
150 million
Study Notes
E-commerce Overview
- E-commerce is the buying and selling of goods and services over the internet.
Global Online Shoppers
- Estimated 1.9 billion people worldwide buy goods and services online this year.
Electronic Data Interchange (EDI)
- EDI is the term used to describe the process of sharing business information, maintaining business relationships, and conducting business transactions using computers connected to telecommunication networks.
Range of Offerings
- The category of e-commerce that presents a range of offerings available in a market segment for purchasers to compare prices and make purchase decisions is called a marketplace model.
Amazon Prime Members
- Estimated 200 million Prime members shop on Amazon stores.
Test your knowledge on E-commerce Content Management Systems! Discover what E-commerce is and how it works, and explore the world of online shopping and its impact on global commerce.
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