Understanding E Commerce Concepts

What is e-commerce?

• E-commerce is the buying and selling of goods and services over the internet.

• E-commerce is a type of social media platform.

• E-commerce refers to in-person shopping experiences.

• E-commerce is the exchange of physical currency for goods.

Name three types of e-commerce models.

• B2C, B2B, C2C

• C2B

• B2G

• D2C

What does B2C stand for in e-commerce?

• Business to Consumer

• Business to Company

• Business to Corporation

• Business to Client

How does e-commerce benefit consumers?

• E-commerce offers convenience, variety, competitive pricing, and easy product comparison for consumers.

• E-commerce limits consumer choices.

• E-commerce reduces product availability.

• E-commerce increases shipping costs.

What is a shopping cart in e-commerce?

• A shopping cart is a type of payment method for online transactions.

• A shopping cart is a software that tracks customer behavior on websites.

• A shopping cart is a tool that enables customers to select and manage products for purchase in an online store.

• A shopping cart is a physical cart used in grocery stores.

What role do payment gateways play in e-commerce?

• Payment gateways process and secure online transactions in e-commerce.

• Payment gateways are used for inventory management.

• Payment gateways provide customer support services.

• Payment gateways only store customer data.

What is the importance of SEO in e-commerce?

• SEO decreases website loading speed, which is detrimental to sales.

• SEO is important in e-commerce because it increases visibility, drives organic traffic, and boosts sales.

• SEO is primarily about social media marketing strategies.

• SEO is only relevant for blogs and not for e-commerce.

How can social media influence e-commerce sales?

• Social media decreases e-commerce sales by reducing brand visibility.

• Social media has no impact on customer purchasing decisions.

• Social media only serves as a platform for customer complaints.

• Social media enhances e-commerce sales through targeted advertising, customer engagement, user-generated content, and social proof.

What are some common security concerns in e-commerce?

• Limited product variety

• Slow website loading times

• High shipping costs

• Common security concerns in e-commerce include data breaches, payment fraud, phishing attacks, and insecure payment gateways.

What is the difference between dropshipping and traditional retail?

• Dropshipping requires a physical storefront, while traditional retail does not.

• Traditional retail allows for faster shipping than dropshipping.

• Dropshipping involves purchasing bulk inventory upfront, unlike traditional retail.

• Dropshipping does not require inventory management or upfront investment in stock, while traditional retail does.