Electronic Commerce: Basics and Concepts
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Questions and Answers

What is the primary difference between Electronic Commerce and E-Business?

  • E-Business is a broader definition of Electronic Commerce, including all kinds of business online. (correct)
  • E-Business is an offline extension of Electronic Commerce.
  • Electronic Commerce is a subset of E-Business, focusing only on online transactions.
  • E-Business is limited to buying and selling goods and services, while Electronic Commerce includes all aspects of business online.

    • What determines whether an Electronic Commerce transaction is classified as pure or partial?

  • The type of product or service being sold
  • The physical or digital nature of at least one major activity (correct)
  • The number of digital dimensions involved in the transaction
  • The geographic location of the buyer and seller

    • What is an electronic market (e-marketplace)?

  • A physical location where buyers and sellers meet to conduct transactions
  • An online location where buyers and sellers conduct commercial transactions (correct)
  • A private network for internal organizational transactions
  • A type of online platform for buying and selling digital products

    • What is the main function of technical standards in the EC Framework?

    <p>To facilitate compliance with government policies</p> Signup and view all the answers

    What is the primary function of support services in EC?

    <p>To provide services such as payment and order delivery</p> Signup and view all the answers

    What is the primary purpose of marketing and advertising in EC?

    <p>To increase awareness and facilitate online transactions</p> Signup and view all the answers

    What is an example of a pure Electronic Commerce transaction?

    <p>Buying an ebook from Amazon.com</p> Signup and view all the answers

    What is the connection between electronic markets and organizations?

    <p>Organizations can create their own electronic markets for online transactions</p> Signup and view all the answers

    What is the primary purpose of an extranet?

    <p>To link intranets of several organizations in a secure manner</p> Signup and view all the answers

    Which of the following is NOT a participant in the EC Framework?

    <p>Financial institutions</p> Signup and view all the answers

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