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Introduction to Electronic Commerce

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Questions and Answers

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?

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?

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?

<p>Access to a global marketplace at any time and location.</p> Signup and view all the answers

Which characteristic of electronic commerce allows it to operate without geographical limitations?

<p>Global reach.</p> Signup and view all the answers

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.

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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.