Podcast
Questions and Answers
What does ubiquity in electronic commerce refer to?
What does ubiquity in electronic commerce refer to?
- The removal of payment processes from online transactions.
- The presence of internet technology available anywhere and anytime. (correct)
- The ability to reach customers in different countries.
- The use of physical catalogs to assist buyers.
Which of the following best describes global reach in electronic commerce?
Which of the following best describes global reach in electronic commerce?
- The requirement for modifications in commerce platforms based on location.
- The limitation of transactions to domestic markets only.
- The seamless ability to conduct commerce across cultural and national boundaries. (correct)
- The necessity for physical stores to sell products internationally.
How does electronic commerce differ from traditional shopping methods?
How does electronic commerce differ from traditional shopping methods?
- It is confined to physical stores and face-to-face interactions.
- It eliminates the need for buyers to be involved in purchase decisions.
- It allows buyers to participate in purchasing processes electronically. (correct)
- It restricts purchase decisions to phone-only interactions.
What is a key benefit of the ubiquity of electronic commerce?
What is a key benefit of the ubiquity of electronic commerce?
Which characteristic of electronic commerce allows it to operate without geographical limitations?
Which characteristic of electronic commerce allows it to operate without geographical limitations?
Study Notes
Electronic Commerce (EC)
- A new way of selling and merchandising products.
- Buyers participate in all phases of the purchase decision electronically.
- Buyers can now purchase items without going to a physical store or calling over the phone.
Ubiquity of EC
- Available anywhere using computers, mobile devices, etc.
- Extends the marketplace beyond traditional boundaries without restrictions on time or locations.
Global Reach of EC
- Technology can reach across national boundaries.
- Facilitates commerce across cultures and nations.
- Enables seamless cross-border transactions without modifications.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz explores the fundamentals of Electronic Commerce (EC), including its ubiquity and global reach. Learn how EC transforms buying habits and facilitates international transactions seamlessly. Test your knowledge on how digital platforms enable commerce beyond traditional boundaries.
