Podcast
Questions and Answers
What is the primary reason for a buyer to return a product to a seller?
What is the primary reason for a buyer to return a product to a seller?
- To receive a refund
- To upgrade to a newer version
- Because the product has a defect (correct)
- To exchange it for a different product
In e-commerce, what is the term used to refer to the place where companies exist virtually on the Web?
In e-commerce, what is the term used to refer to the place where companies exist virtually on the Web?
- Cyber Commerce
- Marketplace
- Market Space (correct)
- Virtual Market
What is the common mode of payment used in most e-commerce transactions?
What is the common mode of payment used in most e-commerce transactions?
- PayPal
- Cash on Delivery (COD)
- Credit Cards (correct)
- Bank Transfer
How can buyers inform a seller about their intention to purchase in e-commerce?
How can buyers inform a seller about their intention to purchase in e-commerce?
What is the role of buyers in commerce?
What is the role of buyers in commerce?
What is essential for a commercial transaction to occur?
What is essential for a commercial transaction to occur?
Which element of commerce involves meeting the needs and wants of consumers?
Which element of commerce involves meeting the needs and wants of consumers?
What is the purpose of the ordering facility in commerce?
What is the purpose of the ordering facility in commerce?
How can payments be made for products or services in commerce?
How can payments be made for products or services in commerce?
What is one benefit of e-commerce for sellers in terms of costs?
What is one benefit of e-commerce for sellers in terms of costs?
How does e-commerce contribute to better customer relations?
How does e-commerce contribute to better customer relations?
What allows sellers in e-commerce to display a wide range of products?
What allows sellers in e-commerce to display a wide range of products?
Why are transactions in e-commerce quicker compared to traditional businesses?
Why are transactions in e-commerce quicker compared to traditional businesses?
What is a key advantage of e-commerce for buyers in terms of convenience?
What is a key advantage of e-commerce for buyers in terms of convenience?
How does e-commerce contribute to cost savings for sellers and eventually lower prices for buyers?
How does e-commerce contribute to cost savings for sellers and eventually lower prices for buyers?
