Chapter 7: E-Business and E-Commerce UPDATED ACTUAL Questions And
Correct Answers
Terms in this set (45)
There are several reasons for employing Web sites (4) There are several reasons for employing Web sites (4)
- To sell goods and services
- To induce people to visit a physical location
- To reduce operational and transactional costs
- To enhance your reputation
Electronic Commerce (e-commerce) The process of buying, selling, transferring, or exchanging products, services, or
information via computer networks, including the Internet
Electronic Business (e-business) A broader definition of electronic commerce, including buying and selling of
goods and services as well as servicing customers, collaborating with business
partners, conducting e-learning, and conducting electronic transactions within an
organization
Degree of digitalization The extent to which the commerce has been transformed from physical to digital
Auction 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
Reverse Auction An auction in which one buyer, usually an organization, seeks to buy a product or
a service, and suppliers submit bids; the lowest bidder wins
Banners Electronic billboards, which typically contain a short text or graphical message to
promote a product or a vendor
Brick-and-Morter Organizations Organizations in which the product, the process, and the delivery agent are all
physical
Virtual Organizations Organizations in which the product, the process, and the delivery agent are all
digital; also called pure-play organizations
Clicks-and-Morter Organizations Organizations that do business in both the physical and digital dimensions
Partial EC Buying a book from Amazon.com is an example of:
a) Pure EC
because the merchandise (the book), although bought or
and paid digitally, is physically delivered by FedEx or b) Partial EC
UPS.
Pure EC Buying an e-book from Amazon.com is an example of:
a) Pure EC
because the product itself (the e-book)as well as its or
delivery, payment, and transfer are digital b) Partial EC
Correct Answers
Terms in this set (45)
There are several reasons for employing Web sites (4) There are several reasons for employing Web sites (4)
- To sell goods and services
- To induce people to visit a physical location
- To reduce operational and transactional costs
- To enhance your reputation
Electronic Commerce (e-commerce) The process of buying, selling, transferring, or exchanging products, services, or
information via computer networks, including the Internet
Electronic Business (e-business) A broader definition of electronic commerce, including buying and selling of
goods and services as well as servicing customers, collaborating with business
partners, conducting e-learning, and conducting electronic transactions within an
organization
Degree of digitalization The extent to which the commerce has been transformed from physical to digital
Auction 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
Reverse Auction An auction in which one buyer, usually an organization, seeks to buy a product or
a service, and suppliers submit bids; the lowest bidder wins
Banners Electronic billboards, which typically contain a short text or graphical message to
promote a product or a vendor
Brick-and-Morter Organizations Organizations in which the product, the process, and the delivery agent are all
physical
Virtual Organizations Organizations in which the product, the process, and the delivery agent are all
digital; also called pure-play organizations
Clicks-and-Morter Organizations Organizations that do business in both the physical and digital dimensions
Partial EC Buying a book from Amazon.com is an example of:
a) Pure EC
because the merchandise (the book), although bought or
and paid digitally, is physically delivered by FedEx or b) Partial EC
UPS.
Pure EC Buying an e-book from Amazon.com is an example of:
a) Pure EC
because the product itself (the e-book)as well as its or
delivery, payment, and transfer are digital b) Partial EC
