E-Commerce: An IntroductionE-commerce or electronic commerce is a business model that allows an individual to sell and purchase goods and services using the internet. It is known that e-commerce is operated in four major segments of the market (Business to business, consumer to consumer, business to consumer, and consumer to business) and can be conducted using computers, smartphones, tablets, and other smart devices. In today’s digital world, nearly every product and service is available to consumers through e-commerce transactions. E-commerce involves more than one party when it comes to exchanging data or currency for further processing of a transaction. It is a part of the greater industry called electronic business or e-business which consists of all processes which are required to run an enterprise. Show MCQs on E-CommerceThe candidates need to solve maximum MCQs for electronic commerce or e-commerce for better preparation for the GATE exam. Here mentioned MCQs will help you gauge the pattern of electronic commerce MCQ questions for your competitive exam.
Answer with explanation: The correct answer is option c. The dimension of e-commerce that enables commerce beyond the boundaries of the country is known as global reach. It is defined as a business initiative to elevate the access between a company and customers through the internet.
Answer with explanation: The correct answer is option a. Consumer to Business is not a major type of electronic commerce. It is defined as a model when products and services are offered by customers to the businesses.
Answer with explanation: The correct answer is option b. Preservation is not one of the three phases of electronic commerce. It implies the act of keeping something or preventing it from being damaged.
Answer with explanation: The correct answer is option c. Electronic commerce is defined as selling and purchasing goods and services using the internet.
Answer with explanation: The correct answer is option b. Business to Consumer (B2C) is defined as the e-commerce model that involves the sale of goods or services from businesses to the general public.
Answer with explanation: The correct answer is option d. Business to Consumer (B2C) is an e-commerce transaction that provides the benefits of eliminating the requirement of a middleman because both goods and services are directly offered by businesses to the consumers using the internet.
Answer with explanation: The correct answer is option a. The idealistic market envisioned at the outset of electronic commerce’s development is referred to as the Bertrand market.
Answer with explanation: The correct answer is option b. Consumer to Consumer (C2C) is an e-commerce model which focuses on consumers dealing with one another in this model goods and services are sold and purchased by consumers among each other.
Answer with explanation: The correct answer is option a. Venture capital funds were primarily used for financing during the early years of e-commerce. Venture capital is defined as the money invested in small businesses.
Answer with explanation: The correct answer is option is d. Amazon.com, Rentalic.com, and e-bay, all three are considered the examples of Consumer to consumer (C2C) model.
Answer with explanation: The correct answer is option a. Anonymizer is the technology that is not used to collect information about you. It is a tool that attempts to make activity untraceable on the Internet.
Answer with explanation: The correct answer is option is b. The business model is referred to as the set of planned activities that are designed to result in a profit in the marketplace.
Answer with explanation: The correct answer is option c. Universal standards are not a key element of the business model.
Answer with explanation: The correct answer is option is b. it is in the year 1994 when WWW (World Wide Web) was introduced.
Answer with explanation: The correct answer is option a. EDI (Electronic Data Interchange) is known to be an early form of electronic commerce.
Answer with explanation: The correct answer is option d. The reason why digital products are best suited for Business to Consumer e-commerce is that they are commodities like products, can be mass-customized and personalized, and also, can be delivered at the time of purchase.
Answer with explanation: The correct answer is option a. Yahoo is an example of an Internet portal that incorporates a search engine and a directory of WWW sites organized in hierarchical order.
Answer with explanation: The correct answer is option c. Industry consortium is a major business-to-consumer (B2C) business model. It is a group involving representatives from numerous different companies.
Answer with explanation: The correct answer is option d. E-exchange is a business model consisting of an independently owned vertical digital marketplace that deals with direct inputs.
Answer with explanation: The correct answer is option a. Conversion rate is referred to as the percentage of customers, by whom a Web site is visited and something is purchased by them.
Answer with explanation: The correct answer is option b. Sailnet is not a horizontal portal.
Answer with explanation: The correct answer is option d. A strategy that is designed by businesses to compete in all markets around the world is referred to as a scope strategy. Which of the following is the type of electronic commerce that has consumers selling directly to consumers?Consumer-to-consumer (C2C) is a type of e-commerce in which consumers trade products, services and information with each other online. These transactions are generally conducted through a third party that provides an online platform on which the transactions are carried out.
Which of the following is an example of consumer to consumer type of eThe most prominent examples of C2C include eBay, an online auction site, and Amazon, which acts as both a B2C and a C2C marketplace. eBay has been successful since its launch in 1995, and it has always been a C2C.
What is consumer electronic commerce?What is Electronic Commerce? Electronic commerce includes all forms of business transactions, such as the purchase of goods or services, undertaken through electronic means, such as telephones, televisions, computers, and the Internet.
Which type of eBusiness to Consumer (B2C) is an e-commerce transaction that provides the benefits of eliminating the requirement of a middleman because both goods and services are directly offered by businesses to the consumers using the internet.
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