ITE2513-Chapter 1-1

Which term refers to the act of purchasing products or services directly from a seller over the Internet without intermediaries?

• A) E-business

• B) Mobile commerce

• C) Online shopping

• D) Social commerce

What is the significance of the Internet in e-commerce?

• A) It enables the exchange of value only within local markets.

• B) It is a worldwide network of computer networks that supports digital transactions.

• C) It restricts businesses to physical locations for transactions.

• D) It limits transactions to a specific time zone.

What is one of the main advantages of e-commerce for businesses?

• A) It limits the hours in which business transactions can occur.

• B) It restricts companies to physical stores only.

• C) It increases the need for intermediaries in transactions.

• D) It allows businesses to reach customers globally at any time.

What is the primary difference between e-commerce and e-business?

• A) E-commerce focuses on online transactions, while e-business involves internal processes like inventory management.

• B) E-commerce includes internal business activities, while e-business only focuses on transactions.

• C) E-commerce and e-business are the same, there is no difference.

• D) E-commerce deals with services, while e-business deals with products.

How has social networking contributed to the growth of e-commerce?

• A) By limiting advertising to physical stores only.

• B) By reducing online shopping to a specific category of products.

• C) By eliminating the need for websites and apps in e-commerce.

• D) By providing search, advertising, and payment services to vendors and customers.

How are smaller, local firms benefiting from the Internet?

• By avoiding taxes

• By selling physical stores

• By becoming service providers

• By using web services and tools

What strategy are traditional retail brands like Tesco and Carrefour using to retain dominance?

• Reducing store sizes

• Bricks and clicks strategies

• Abandoning online operations

• Focusing on in-store technology

What does information richness in e-commerce refer to?

• Interactivity with the user

• Information collection costs

• Complexity and content of a message

• Personalized messages delivery

What does the term universal standards in e-commerce refer to?

• A) A global set of laws that govern online transactions

• B) Internet technology standards shared worldwide

• C) The financial standards required to operate e-commerce businesses

• D) A uniform product catalog across all e-commerce websites

Which technology allows for interactivity and enables two-way communication between merchants and consumers?

• Interactivity

• Global reach

• Social technology

• Information density