E-Commerce Overview

Play an AI-generated podcast conversation about this lesson

What is the primary goal of e-commerce?

To create a platform for buyers and sellers (correct)

To digitize traditional commerce

To reduce costs and increase revenue

To provide access to various kinds of information

Which of the following is NOT a model of e-commerce?

B2B

B2F (correct)

B2C

B2G

What is the result of the evolution of e-commerce?

Reduced access to information

Increased online transactions (correct)

Decreased competition

Increased physical stores

What is the primary characteristic of m-commerce?

Use of mobile devices for transactions Signup and view all the answers

What is the advantage of e-commerce?

Cost-effectiveness Signup and view all the answers

What is the purpose of e-commerce web portals?

To facilitate online transactions Signup and view all the answers

What is the definition of e-commerce?

Buying and selling of goods and services using the internet Signup and view all the answers

What is the main difference between traditional commerce and e-commerce?

Traditional commerce requires physical presence, while e-commerce does not Signup and view all the answers

What has been the impact of e-commerce on conventional economic activities?

At both the organisational and national levels Signup and view all the answers

What was the primary reason for the rise of e-commerce from 1995 onwards?

Increased adoption of Internet globally Signup and view all the answers

What was the initial concept of e-commerce in the early 1990s?

Process of online submission of supporting documents Signup and view all the answers

What was coined in 1999 to describe the increase in online purchases on certain days?

Cyber Mondays Signup and view all the answers

What happened in the late 1990s to the dot.com industry?

It experienced a bubble burst Signup and view all the answers

Which company was the first to offer its products online in 1994?

Pizza Hut Signup and view all the answers

What is the primary function of an e-commerce software?

To help buyers and sellers conduct business smoothly and provide various facilities and utilities Signup and view all the answers

What is the purpose of an Application Programming Interface (API) in e-commerce?

To facilitate the exchange of information between different features and platforms Signup and view all the answers

What is an example of a type of e-commerce API?

Shipping API Signup and view all the answers

What is the term used to describe mobile-friendly application interfaces that provide access to e-commerce features?

M-Commerce Signup and view all the answers

What is the primary benefit of using e-commerce APIs?

Reduces the need for programming Signup and view all the answers

What is the purpose of an Order API in e-commerce?

To create buyer baskets and manage orders Signup and view all the answers

What is the term used to describe the integration of multiple channels to facilitate e-commerce transactions?

Multi-Channel Commerce Signup and view all the answers

What is the primary role of an e-commerce software in facilitating business transactions?

To evoke trust in buyers and sellers to continue their transactions Signup and view all the answers

What is the primary function of a seller company in a B2C model of e-commerce?

To process orders before sending to the buyer Signup and view all the answers

Which of the following is an example of a C2C model of e-commerce?

OLX Signup and view all the answers

What is the primary characteristic of a C2B model of e-commerce?

Consumers provide goods and services to businesses Signup and view all the answers

What is the purpose of a consumer creating a social media profile in a C2B model?

To link back to the product sold on the company's website Signup and view all the answers

What is the term for trade between the business sector and a government body?

Business-to-Government Signup and view all the answers

Which of the following is NOT a characteristic of a B2C model of e-commerce?

Consumers sell products to other consumers Signup and view all the answers

What is the primary difference between a B2C and a C2C model of e-commerce?

Who sells the products Signup and view all the answers

Which of the following is an example of a B2G model of e-commerce?

A business selling to a government body Signup and view all the answers

What is the term used to describe the marketing of products and services to government agencies?

Public sector marketing Signup and view all the answers

What is the primary purpose of the 'Government e-MarketPlace GEM' portal?

To provide a platform for businesses to bid on government opportunities Signup and view all the answers

What is the main difference between the C2A model and the B2G model?

C2A involves consumers, while B2G involves businesses Signup and view all the answers

What is an example of a C2A e-commerce application?

Payment of utility bills Signup and view all the answers

What is the main characteristic of the P2P model of e-commerce?

It is a distributed platform without an intermediary Signup and view all the answers

What is the primary benefit of the C2A model of e-commerce?

It establishes communication between consumers and government agencies Signup and view all the answers

What is the term used to describe the e-commerce process followed by consumers when interacting directly with government agencies?

C2A Signup and view all the answers

What is the main difference between the client-server model and the P2P model?

The client-server model involves a central server, while the P2P model does not Signup and view all the answers