CAEC - CH06

What is the main advantage of E-Commerce (EC)?

• Ability to have a physical store

• Ability to conduct business anytime, anywhere at a reasonable cost

• Ability to have in-person customer interaction

• Ability to minimize digital transactions

What is a Business Network?

• A network of computers

• A group of people with social relationships

• A group of people with commercial relationships

• A group of people connected by the internet

What is the primary objective of a Business Social Network?

• To share personal photos

• To play online games

• To facilitate business connections and activities

• To connect with family and friends

Which of the following is an opportunity for success in E-Commerce?

• Limiting customer interaction

• Building better customer relationships

• Reducing business opportunities

• Increasing trade show experiences

What is a significant barrier to global E-Commerce?

• Cultural issues and language translation

• Increased global collaboration

• Growing e-commerce market

• Reduced internet usage

Which strategy is important for breaking down barriers in global E-Commerce?

• Ignoring local customs

• Avoiding translation

• Localizing content and services

• Limiting product offerings

What does "Think Globally, Act Consistently" mean in E-Commerce?

• Ignoring global markets

• Maintaining consistent brand identity across all markets

• Limiting operations to local markets

• Changing brand identity for each market

Which web version is referred to as the "Read-Only Web"?

• Web 1.0

• Web 2.0

• Web 3.0

• Web 4.0

What is a key feature of Web 2.0?

• Static content

• User interaction and content creation

• Machine-based reasoning

• Symbiosis between humans and machines

What is Web 3.0 also known as?

• The Symbiotic Web

• The Semantic Web

• The Read-Only Web

• The Social Web