Exam Questions with 100%
Correct Answers | Latest Update
Business-to-business (B2B) e-commerce - 🧠ANSWER ✔✔Subset of e-
commerce in which all participants are organizations; often used to connect
partners in a virtual supply chain to minimize resupply times and reduce
costs.
Buy-side e-commerce - 🧠ANSWER ✔✔Use of online systems by an
organization to purchase goods and services from suppliers.
, Sell-side e-commerce - 🧠ANSWER ✔✔Use of online systems by an
organization to sell products and services to customers.
Business-to-consumer (B2C) e-commerce - 🧠ANSWER ✔✔E-commerce
involving transactions between individual consumers and businesses,
enabled by the internet for comparison shopping and personalization.
Benefits of B2C e-commerce - 🧠ANSWER ✔✔Lower prices, ability to
compare prices/features/value, access to other customers' opinions, and
product personalization.
Consumer-to-consumer (C2C) e-commerce - 🧠ANSWER ✔✔Electronic
transactions between consumers using a third party to facilitate the process
(e.g., eBay, Poshmark, Facebook Marketplace).
C2C platform services - 🧠ANSWER ✔✔Provide seller data (volume, prices,
frequency of sales) and handle payment and credit card processing.
E-government - 🧠ANSWER ✔✔Use of information systems and the internet
by governments to deliver information and services to citizens, businesses,
and other governments.