Questions and Answers
E-commerce only involves buying and selling products online.
False
E-business refers to the use of internet technologies to transform all business processes.
True
Internal processes of companies are not included in e-commerce.
False
Business activity refers only to tasks performed by workers while on the job.
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A transaction always involves multiple business activities.
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Commodity items are differentiated from each other by factors other than price.
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Study Notes
E-commerce and E-business
- E-commerce is a limited concept, only involving online buying and selling of products.
- E-business is a broader concept, using internet technologies to transform all business processes, including internal processes.
Business Activity
- Business activity refers to all tasks performed by workers, whether on the job or not.
Transactions and Business Activities
- A transaction typically consists of multiple business activities.
Commodity Items
- Commodity items are differentiated from each other by factors beyond price, such as quality, brand, or features.
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