E COMMERCE ACTUAL TEST BANK TESTED QUESTIONS WITH VERIFIED SOLUTIONS

E COMMERCE ACTUAL TEST BANK TESTED
QUESTIONS WITH VERIFIED SOLUTIONS

●● E-commerce
Answer: Buying and selling goods and services over the Internet.


●● Value chain
Answer: Series of activities designed to meet business needs by adding
value (or cost) in each phase of the process.


●● Primary activities
Answer: Inbound logistics, Operations, Outbound logistics, Marketing
and sales, Service.


●● Internet
Answer: Increases the speed and accuracy of communication between
suppliers, distributors, and customers.


●● E-commerce advantages
Answer: Builds on traditional commerce by adding the flexibility that
networks offer and the availability of the Internet.


●● E-commerce activities

, Answer: Buying and selling products and services, collaborating with
other companies, communicating with business partners, gathering
business intelligence on customers and competitors, providing customer
service, supplying software updates and patches, offering vendor
support, publishing and disseminating information.


●● E-commerce enhancements
Answer: Offers new ways to reduce costs or improve operations, such as
e-mail instead of regular mail and selling online instead of in a physical
store.


●● Mobile-based e-commerce
Answer: E-commerce conducted through mobile devices.


●● Voice-based e-commerce
Answer: E-commerce conducted through voice commands and
interactions.


●● Social commerce
Answer: E-commerce that involves social media platforms to facilitate
buying and selling.


●● Hypersocial organizations