The Benefits of Running a Digital Business

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Which of the following is a characteristic of e-commerce?

E-commerce can be conducted on smartphones and other smart devices (correct)

E-commerce can only be conducted on computers

Only physical products can be purchased through e-commerce

E-commerce is not a competitive industry

What does e-commerce refer to?

Buying and selling goods and services through online marketplaces

Buying and selling goods and services through social media platforms

Buying and selling goods and services in physical stores

Buying and selling goods and services over the internet (correct)

In which market segments does e-commerce operate?

Only business-to-business

Only business-to-consumer

Multiple market segments including business-to-business, business-to-consumer, consumer-to-consumer, and consumer-to-business (correct)

Only consumer-to-consumer

Which industry does e-commerce belong to?

Electronic business industry Signup and view all the answers

What is one advantage of e-commerce?

Lower start-up cost Signup and view all the answers

When did the first e-commerce transaction take place?

1994 Signup and view all the answers

Which companies disrupted the retail landscape with e-commerce?

Amazon and Alibaba Signup and view all the answers

Which type of e-commerce platform allows consumers to both buy and sell without the need for companies?

Consumer-to-Consumer (C2C) Signup and view all the answers

What type of e-commerce model involves an e-commerce company relying on a supplier to provide the goods?

Dropshipping Signup and view all the answers

Which e-commerce revenue model involves leveraging already successful products sold by another company?

White Labeling Signup and view all the answers

What percentage of total sales in the United States did retail e-commerce account for in the first quarter of 2023?

15.1% Signup and view all the answers

Which of the following is a disadvantage of e-commerce?

Limited customer service opportunities Signup and view all the answers

What is the most common business model in e-commerce?

Business-to-Consumer (B2C) Signup and view all the answers

What is a benefit of operating digitally in e-commerce?

Lower costs compared to physical stores Signup and view all the answers

What is a drawback of e-commerce in terms of product satisfaction?

Inability to touch products before delivery Signup and view all the answers

Which company is the world's largest online retailer?

Amazon Signup and view all the answers

What is the difference between e-commerce and e-business?

E-commerce is the sale of goods and services online, while e-business involves the entire process of running a company online. Signup and view all the answers

Which type of e-commerce involves customers selling to businesses, other customers, or governments?

C2C e-commerce Signup and view all the answers

What is the purpose of an e-commerce website?

To allow customers to buy and sell products and services online. Signup and view all the answers

The Benefits of Running a Digital Business

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