Chapter 5 Electronic Commerce True/False Questions T F 1. E-commerce is commerce, but it is commerce accelerated and enhanced by IT, in particular the Internet. Answer: True Level: Easy Page: 170 T F 2. The B2C segment is where the dollar volume of e-commerce has always been widely expected to be concentrated. Answer: False Level: Medium Page: 172 T F 3. Demand aggregation combines purchase requests from multiple buyers into a single large order, which justifies a discount from the business. Answer: True Level: Easy Page: 181 T F 4. The B2B e-commerce segment is relatively small compared to the B2C e-commerce segment. Answer: False Level: Medium Page: 170 T F 5. Smart cards are plastic cards the size …show more content…
Rivalry among existing competitors is high when competition in the industry is fierce. Answer: True Level: Easy Page: 176 T F 27. The technology present in e-commerce has intensified competition in almost every industry. Answer: True Level: Medium Page: 176 T F 28. As a result of technology, buyer power has increased in most industries. Answer: True Level: Medium Page: 177 T F 29. Digital products are typically the best products to offer in a B2C environment Answer: True Level: Medium Page: 181 T F 30. For a consumer, a commoditylike product is the same no matter where it is purchased. Answer: True Level: Easy Page: 179 T F 31. Digital products are expensive to deliver. Answer: False Level: Medium Page: 181 92 Test Bank, Chapter 5 T F 32. Mass customization refers to designing products which appeal to as many people as possible. Answer: False Level: Medium Page: 181 T F 33. Maintenance, repair, and operations materials are also referred to as direct materials. Answer: False Level: Easy Page: 181 T F 34. A reverse auction occurs when a seller posts a list of items for sale and then accepts bids from interested buyers. Answer: False Level: Easy Page: 181 T F 35. An electronic marketplace or e-marketplace is an interactive business providing a centralized market where many buyers and suppliers can come together for e-commerce or commerce-related activities. Answer: True Level: Easy Page:
Once a decision is made to develop a business, whom the customer will be is the next decision to be made. Whom will the company target as a customer? Will it be a business? Or will it be a consumer? Business-to-business (B2B) marketing has differences from business-to-consumer (B2C) marketing practices. This paper will outline these differences between the two types of e-commerce business transactions.
The biggest advantage to start-ups and SMEs on B2B e-commerce portals is the ability to offer products and services at a low price which help them to increase the sales conversion rate. Today, finding new clients and an entry into the international market is no more a gargantuan task. B2B portals ushered many businesses into the
It has allowed access to limitless information and became a tool that made everyday communication in an instant. Among the many opportunities created by internet is the emergence of electronic commerce (e-Commerce). Online shopping is a development brought by the e-Commerce and progress of internet.
B2C stands for Business to Consumer as the name suggests, the basic concept of this model is to sell the product online to the consumers. B2C is the indirect trade between the company and consumers. It provides direct selling through online interaction.. Business to
e-commerce is all about using the Internet to do business better and faster. Most businesses
However, this definition seemed to be impartially narrow by some people, therefore, with the new term E-Business has emerged, that brings out wider definition of E-Commerce. It is important to note that E-commerce is not just restricted to selling and buying of goods and services, however it also service customers, cooperating with business partners and leading electronic transaction within the company (Song & Zahedi, 2001).
E-commerce is short for electronic commerce and refers to purchasing and selling items and services on the Internet via a website. Otherwise called an online store, an E-Commerce website has features that make it easy for customers to browse for items to purchase.
Electronic Commerce in short known as E-commerce. E-commerce is the business or commercial transaction which transforms information in internet. E-commerce which is buying or selling any products or services in Online using internet. It is Electronic mediator between the customer and the organization. The main aim of E-commerce is to provide secure transactions for the customer
Competition being one of the major issues that often must be addressed in the business world, it is important for a firm to learn on ways to reduce the impact of the competition. Competition is definitely an important factor in helping a business
The main difference between B2B and B2C is who the buyer of a product or service is.
• Rivalry among Competition – Competitors are always looking for new ways to outperform their rivals whether it be by offering a unique product or by making the prices for the product at lower prices than that of their
It also contains valuable information for readers who are seeking to understand an issue, solve a problem or make a decision.
Existing Competitors. Rivalry among competitors within an industry use price discounting, new products, marketing, and other techniques to be competitive. Profitability of an industry suffers from high rivalry. The intensity with which companies compete and the basis on which they compete determine to which degree rivalry brings down an industry’s profitability (Porter, 2008). Pure competition is considered by economists as a competition with a high
Buyers are increasingly price-sensitive and value conscious and are more likely to make purchasing decisions based upon perceived price\value.
This study will prove that e-commerce has grown because it adds value to people’s lives. It will show that e-commerce will not disappear but evolve into something even greater than what it is right now.