The Benefits of Running a Digital Business
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Questions and Answers

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?

    <p>Electronic business industry</p> Signup and view all the answers

    What is one advantage of e-commerce?

    <p>Lower start-up cost</p> Signup and view all the answers

    When did the first e-commerce transaction take place?

    <p>1994</p> Signup and view all the answers

    Which companies disrupted the retail landscape with e-commerce?

    <p>Amazon and Alibaba</p> Signup and view all the answers

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

    <p>Consumer-to-Consumer (C2C)</p> 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?

    <p>Dropshipping</p> Signup and view all the answers

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

    <p>White Labeling</p> 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?

    <p>15.1%</p> Signup and view all the answers

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

    <p>Limited customer service opportunities</p> Signup and view all the answers

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

    <p>Business-to-Consumer (B2C)</p> Signup and view all the answers

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

    <p>Lower costs compared to physical stores</p> Signup and view all the answers

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

    <p>Inability to touch products before delivery</p> Signup and view all the answers

    Which company is the world's largest online retailer?

    <p>Amazon</p> Signup and view all the answers

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

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

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

    <p>C2C e-commerce</p> Signup and view all the answers

    What is the purpose of an e-commerce website?

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

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