Electronic Commerce: Basics and Concepts

Play an AI-generated podcast conversation about this lesson

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?

To facilitate compliance with government policies Signup and view all the answers

What is the primary function of support services in EC?

To provide services such as payment and order delivery Signup and view all the answers

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

To increase awareness and facilitate online transactions Signup and view all the answers

What is an example of a pure Electronic Commerce transaction?

Buying an ebook from Amazon.com Signup and view all the answers

What is the connection between electronic markets and organizations?

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

What is the primary purpose of an extranet?

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

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

Financial institutions Signup and view all the answers

Electronic Commerce: Basics and Concepts

Podcast Beta

Questions and Answers

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

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

What is an electronic market (e-marketplace)?

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

What is the primary function of support services in EC?

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

What is an example of a pure Electronic Commerce transaction?

What is the connection between electronic markets and organizations?

What is the primary purpose of an extranet?

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

More Quizzes Like This

Fundamentals of Electronic Commerce Quiz

E-Business Security and Safe Electronic Transactions

ECommerce Quiz: Chapter 1 Overview of Electronic Commerce

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

Upgrade to continue