Podcast Beta
Questions and Answers
What is the primary reason for a buyer to return a product to a seller?
In e-commerce, what is the term used to refer to the place where companies exist virtually on the Web?
What is the common mode of payment used in most e-commerce transactions?
How can buyers inform a seller about their intention to purchase in e-commerce?
Signup and view all the answers
What is the role of buyers in commerce?
Signup and view all the answers
What is essential for a commercial transaction to occur?
Signup and view all the answers
Which element of commerce involves meeting the needs and wants of consumers?
Signup and view all the answers
What is the purpose of the ordering facility in commerce?
Signup and view all the answers
How can payments be made for products or services in commerce?
Signup and view all the answers
What is one benefit of e-commerce for sellers in terms of costs?
Signup and view all the answers
How does e-commerce contribute to better customer relations?
Signup and view all the answers
What allows sellers in e-commerce to display a wide range of products?
Signup and view all the answers
Why are transactions in e-commerce quicker compared to traditional businesses?
Signup and view all the answers
What is a key advantage of e-commerce for buyers in terms of convenience?
Signup and view all the answers
How does e-commerce contribute to cost savings for sellers and eventually lower prices for buyers?
Signup and view all the answers
