5 Questions
What is a key factor that has changed the nature and structure of competition in traditional commerce and e-commerce?
Exponential growth of the internet
What is a characteristic of traditional commerce that contributes to its high-cost equation?
Requires location renting/purchasing, staff employment, advertising, inventory shipping and handling
What is a factor that differentiates traditional commerce from e-commerce in terms of information sharing?
No sharing of the information with the competitors in traditional commerce
What is a key requirement for traditional commerce that is emphasized in the text?
Operates at business hours within a certain period of time
What is a characteristic of e-commerce that has enabled business expansion into new products and markets?
Breaks geographical boundaries and allows for expansion into new products and markets
Test your knowledge on traditional commerce and e-commerce with this quiz. Explore the differences, challenges, and opportunities between the two methods of doing business.
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