Traditional Commerce vs
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Questions and Answers

What is a key factor that has changed the nature and structure of competition in traditional commerce and e-commerce?

  • Increased competition within specific geographical areas
  • Advancements in traditional marketing strategies
  • Introduction of new government regulations
  • Exponential growth of the internet (correct)

    • What is a characteristic of traditional commerce that contributes to its high-cost equation?

  • Relies solely on online sales and marketing
  • Involves minimal interaction with sales executives and managers
  • Requires location renting/purchasing, staff employment, advertising, inventory shipping and handling (correct)
  • Operates without a specific limited geographical area

    • What is a factor that differentiates traditional commerce from e-commerce in terms of information sharing?

  • Traditional commerce and e-commerce have equal levels of information confidentiality
  • E-commerce encourages open sharing of information with competitors
  • No sharing of the information with the competitors in traditional commerce (correct)
  • Both traditional commerce and e-commerce involve sharing information with competitors

    • What is a key requirement for traditional commerce that is emphasized in the text?

    <p>Operates at business hours within a certain period of time</p> Signup and view all the answers

    What is a characteristic of e-commerce that has enabled business expansion into new products and markets?

    <p>Breaks geographical boundaries and allows for expansion into new products and markets</p> Signup and view all the answers

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