CHAPTER 7
Mastering Electronic Commerce
Test your knowledge of electronic commerce concepts with this engaging quiz designed for students and professionals alike. Dive into the world of online transactions, business models, and digital marketplaces.
- 11 carefully crafted questions
- Multiple choice and open format
- Instant feedback on your answers
A competitive process in which either a seller solicits consecutive bids from buyers or a buyer solicits bids from sellers, and prices are determined dynamically by competitive bidding.
Banner
Auction
Cyberbanking
Business model
Registering domain names in the hope of selling them later at a higher price.
Cyberbanking
Permission marketing
Cybersquating
Group purchasing
Electronic commerce in which both the sellers and the buyers are business organizations.
Business-to-employee electronic commerce (B2E)
Business-to-consumer electronic commerce (B2C)
Business-to-business electronic commerce (B2B)
The process of buying, selling, transferring, or exchanging products, services, or information via computer networks, including the Internet.
Electronic marketplace
Electronic commerce (EC or e-commerce)
Electronic business (e-business)
A broader defi nition of electronic commerce, including buying and selling of goods and services, and servicing customers, collaborating with business partners, conducting e-learning, and conducting electronic transactions within an organization.
electronic marketplace
Electronic commerce (EC or e-commerce)
Electronic business (e-business)
The direct sale of products and services through storefronts or electronic malls, usually designed around an electronic catalog format and/or auctions.
Electronic retailing (e-tailing)
Electronic storefront
E-procurement
Auctions in which one buyer, usually an organization, seeks to buy a product or a service, and suppliers submit bids; the lowest bidder wins.
Auction
Reverse auction
Reserve auction
Electronic commerce in which both the buyer and the seller are individuals (not businesses).
electronic business (e-business)
Consumer-to-consumer electronic commerce (C2C)
Electronic commerce (EC or e-commerce)
A virtual market space on the Web where many buyers and many sellers conduct electronic business activities.
E-mall
E-tailing
Electronic marketplace
An organization using electronic commerce internally to provide information and services to its employees.
Business-to-consumer electronic commerce (B2C)
Business-to-business electronic commerce (B2B)
Business-to-employee electronic commerce (B2E)
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