BUIS4501 TUTORIAL 4

What does the term electronic commerce (ecommerce) refer to?

• Buying and selling goods and services over the Internet

• Buying and selling goods and services in physical stores

• Buying and selling goods and services through mail orders

• Buying and selling goods and services through phone calls

Which business model involves selling products directly to a customer?

• Consumer to Consumer (C2C)

• Business to Consumer (B2C)

• Business to Business (B2B)

• Consumer to Business (C2B)

What are the six major eCommerce business models?

What is the most common B2C business model that involves consumers buying products from online retailers?

• Advertising-based

• Direct sellers

• Community-based

• Online intermediaries

In the C2C business model, what do consumers sell on the website?

• Services to other consumers

• Products to businesses

• Products to government

• Assets like residential property and cars

In the Consumer to Business (C2B) model, what does the consumer do?

• Sells products to other consumers

• Buys products from businesses

• Sells products to the government

• Approaches a website showing multiple business organizations for a particular service

What is the B2G model a variant of?

• B2C model

• C2C model

• B2B model

• C2B model

In B2B2C E-Business, a company sells products to another company which are then sold to whom?

• Intermediary

• Government

• Wholesaler

• Consumers

What is a good first step in choosing the right E-Business model?

• Understand your suppliers

• Understand your competition

• Understand your customer

• Understand government regulations

What is the B2B2C model comprised of?

• The first business, the supplier, and the end user

• The first business, an intermediary, and the end user

• The first business, the government, and the end user

• The first business, the consumer, and the end user