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Questions and Answers
E-commerce represents the exchange of value between organizations and individuals using digital technology.
True
E-business includes commercial transactions involving an exchange of value across organizational boundaries.
False
The first quarter-century of e-commerce has witnessed slow growth and minimal changes.
False
Technologies in e-commerce evolve at a linear pace without any significant disruptions.
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Studying e-commerce helps in understanding risks and opportunities associated with digital business.
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E-commerce primarily involves transactions conducted through mobile apps only.
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E-commerce mainly revolves around mastering traditional computing and communications technology.
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Many early dot-com companies have survived and thrived over the years.
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Information symmetry is one of the early visions in e-commerce that has been fully realized.
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One of the surprises in e-commerce is the absence of any advantages for fast-followers.
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In e-commerce, mastering digital technology plays a minor role compared to organizing production and transacting business.
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Dissemination or sale of any part of copyrighted work is permitted on the World Wide Web.
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E-commerce and e-business refer to the same concept.
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The primary technological building blocks underlying e-commerce are the internet and email.
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Understanding the evolution of e-commerce is not important in studying it.
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Major types of e-commerce include email commerce and social commerce.
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Studying e-commerce is important to grasp the impact of technology on business and society.
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The major themes underlying the study of e-commerce are constantly changing and have no consistent patterns.
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Study Notes
Assessing E-commerce
- E-commerce has experienced stunning technological success, but its early years were a mixed business success.
- Few early dot-coms have survived, but online sales are growing rapidly.
- Many early visions of e-commerce have not been fulfilled, including price dispersion, information asymmetry, and new intermediaries.
Surprises in E-commerce
- Fast-follower advantages have been a surprise in e-commerce, where companies that follow pioneers can reap benefits.
- Start-up costs have been lower than expected, and the impact of mobile platforms has been significant.
- The emergence of on-demand e-commerce has been a surprise.
Understanding E-commerce: Organizing Themes
- Technology: Development and mastery of digital computing and communications technology.
- Business: New technologies present businesses with new ways of organizing production and transacting business.
- Society: Intellectual property, individual privacy, public welfare policy.
Careers in E-commerce
- Category Specialist in the E-commerce Retail Program requires preparation and skills.
Introduction to E-commerce
- E-commerce is important to study because it is rapidly growing and changing.
- E-commerce differs from e-business, which involves digital enabling of transactions and processes within a firm.
- The primary technological building blocks underlying e-commerce include the Internet, mobile browsers, and apps.
Features of E-commerce Technology
- Unique features of e-commerce technology include digital enablement, rapid growth, and exponential rates of change.
- These features have significant business implications.
Major Types of E-commerce
- There are several major types of e-commerce, including B2B, B2C, C2C, and others.
Evolution of E-commerce
- E-commerce has evolved from its early years to today, with rapid growth and change.
- E-commerce has moved from a niche activity to a mainstream business.
Major Themes Underlying E-commerce
- There are several major themes underlying the study of e-commerce, including technology, business, and society.
- These themes are important to understanding the opportunities and risks of e-commerce.
Why Study E-commerce?
- Studying e-commerce helps understand opportunities and risks, and analyze e-commerce ideas, models, and issues.
- The rapid growth and change of e-commerce make it an important area of study.
Definition of E-commerce
- E-commerce is the use of the Internet to transact business, including the Web, mobile browsers, and apps.
- It involves digitally enabled commercial transactions between and among organizations and individuals.
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Description
Test your knowledge on the importance of studying e-commerce, understanding e-commerce vs. e-business, technological building blocks, major themes, unique features, and business significance. This quiz is based on Chapter 1 of the Eighteenth Edition of the book 'Introduction to Ecommerce' by Pearson Education Ltd.
