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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?
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?
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?
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?
What is a key requirement for traditional commerce that is emphasized in the text?
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What is a characteristic of e-commerce that has enabled business expansion into new products and markets?
What is a characteristic of e-commerce that has enabled business expansion into new products and markets?
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