Questions and Answers
What is e-commerce?
Digitally enabled commercial transactions between and among organizations and individuals.
Which of the following are considered technological building blocks of e-commerce? (Select all that apply)
What does B2C stand for in e-commerce?
Business-to-Consumer
What is the primary purpose of a mobile platform in e-commerce?
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Which type of e-commerce allows consumers to sell to each other?
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What does M-Commerce stand for?
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B2B e-commerce focuses on selling to individual consumers.
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What is a benefit of social e-commerce?
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Study Notes
E-Commerce Essentials
- E-commerce leverages the Internet, web, and mobile apps to facilitate business transactions.
- Defined as “digitally enabled commercial transactions between organizations and individuals.”
- Involves the exchange of value, typically money, for products and services.
Technological Building Blocks of E-Commerce
- Internet: A global network connecting businesses, agencies, and individuals, offering services like email, shopping, and research.
- World Wide Web: An information system operating on the Internet, making it commercially viable by enabling interactive and multimedia capabilities.
- Mobile Platform: Facilitates access to the Internet via smartphones, tablets, and lightweight computers through wireless and cellular networks. Includes apps and mobile browsers.
Types of E-Commerce
- Business-to-Consumer (B2C): Most familiar to consumers; online businesses sell directly to individual customers (e.g., retail goods, travel services).
- Business-to-Business (B2B): The largest e-commerce type, where businesses sell to other businesses.
- Consumer-to-Consumer (C2C): Allows consumers to sell directly to each other using platforms like eBay and Etsy.
- Mobile E-Commerce (M-Commerce): Involves online transactions via mobile devices, enabling purchases, reservations, and content access.
- Social E-Commerce: Supported by social networks, this type harnesses social relationships, utilizing tools like buy buttons and shopping tabs on platforms like Facebook and Instagram.
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Description
Explore the essential concepts and issues surrounding e-commerce in this quiz. Understand how digital technology facilitates commercial transactions both between organizations and individuals. Test your knowledge on various aspects of e-commerce, including the Internet, mobile apps, and the World Wide Web.
