E-Commerce UNIT-I: Electronic Commerce Chapter 1 Quiz

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Questions and Answers

Which type of organizations often use Electronic Data Interchange (EDI)?

Retail groups and vehicle assemblers (correct)

Government agencies

Schools and universities

Non-profit organizations

What is the principal function of an electronic market?

Manufacturing goods

Facilitating search for products or services (correct)

Legal consultation

Providing financial advice

What are the different entities involved in E-Commerce transactions according to the text?

Companies and suppliers

Only companies and customers

Only companies and public administrations

Companies, customers, and public administrations (correct)

Which application type of E-Commerce involves commercial transactions on the Internet?

Internet Commerce Signup and view all the answers

What is the scope of Electronic Commerce as described in the text?

Covers a wide range of business transactions using ICTs Signup and view all the answers

Which sector benefits from the application of Internet Commerce?

Both business-to-business and business-to-consumer sectors Signup and view all the answers

In E-Commerce, what is Electronic Data Interchange (EDI) primarily used for?

Efficient trade exchanges between commercial organizations Signup and view all the answers

According to the passage, what is the general concept of Electronic Commerce (e-Commerce)?

Any form of business transaction or information exchange executed using information and communication technologies. Signup and view all the answers

What is the primary function of an electronic market according to the passage?

To facilitate the search for the required product or service. Signup and view all the answers

Which of the following is NOT an application type of Electronic Commerce mentioned in the passage?

Mobile Commerce Signup and view all the answers

According to the passage, which sector primarily benefits from the application of Internet Commerce?

Both business-to-business and business-to-consumer transactions Signup and view all the answers

What is the primary purpose of Electronic Data Interchange (EDI) according to the passage?

To enable the efficient transaction of recurrent trade exchanges between commercial organizations. Signup and view all the answers

Which type of organizations are mentioned in the passage as commonly using Electronic Data Interchange (EDI)?

Large retail groups and vehicle assemblers Signup and view all the answers

According to the passage, which of the following entities are involved in E-Commerce transactions?

All of the above Signup and view all the answers

What is the relationship between Electronic Commerce (e-Commerce) and the Internet according to the passage?

E-Commerce is a general concept that includes Internet Commerce. Signup and view all the answers

How does the passage describe the scope of Electronic Commerce (e-Commerce)?

The scope of E-Commerce is much wider than just commercial transactions on the Internet. Signup and view all the answers

Study Notes

Definition of Electronic Commerce

Electronic Commerce (e-Commerce) is a general concept covering any form of business transaction or information exchange executed using information and communication technologies (ICTs).
e-Commerce takes place between companies, between companies and their customers, or between companies and public administrations.

Types of Electronic Commerce

Electronic Markets: facilitate the search for the required product or service, and include examples such as airline booking systems.
Electronic Data Interchange (EDI): enables efficient transaction of recurrent trade exchanges between commercial organizations, and is widely used by large retail groups and vehicle assemblers.
Internet Commerce: used for advertising goods and services and transacting one-off deals, with applications for both business to business and business to consumer transactions.

Scope of Electronic Commerce

e-Commerce includes electronic trading of goods, services, and electronics materials.
e-Commerce systems include commercial transactions on the Internet, but their scope is much wider than this.

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Description

Test your knowledge on the basics of electronic commerce (e-commerce) with this quiz covering concepts such as business transactions, information exchange, electronic trading, and e-commerce systems.