Chapter 10 - Activity#1
E-Commerce Insights Quiz
Test your knowledge about the fascinating world of e-commerce! This quiz consists of 6 multiple-choice questions that will challenge your understanding of essential concepts related to online business.
Key Topics Covered:
- Ubiquity in online transactions
- Information density and transparency
- The effects of disintermediation
Being able to surf the web from anywhere in the world
Richness
Ubiquity
Universal standards
The term information density in e-commerce refers to __________.
Interactivity
Greater price and cost transparency
Hidden costs
Information asymmetry (Information failure) is reduced in e-commerce activities
True
False
Costs that incurs as a result of changing brands, suppliers, or products can be identified as _____?
Switching costs
Hidden costs
Miscellaneous costs
Eliminating middle men reduces overall cost of a product. This can be coined used the term "____".
Dynamic pricing
Switching costs
Disintermediation
Namshi.com sells product directly to consumers across UAE. This type of business model can be called as __________.
Business-to-business (B2B)
Business-to-consumer (B2C)
Consumer-to-consumer (C2C)
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