BUS 660 Midterm Exam Graded A+ (GCU) Real Exam
100%
we distinguish different types of e-commerce by the nature of the market
relationship—who is selling to whom. - ANSWER: we distinguish different types of e-
commerce by the nature of the market relationship—who is selling to whom.
The most commonly discussed type of e-commerce is business-to-consumer (B2C) e-
commerce - ANSWER: online businesses attempt to reach individual consumers.
B2B e-commerce includes purchases of: - ANSWER: retail goods, travel, financial, real
estate, and other types of services. has grown exponentially since 1995 and is the
most common e-commerce businesses will encounter
seven different B2C business models: - ANSWER: online retailers, service providers,
transaction brokers, content providers, community providers/social networks,
market creators, and portals.
he data suggests that, over the next five years, B2C e-commerce in the United States
will continue to grow by - ANSWER: more than 10% annually.
Overall US Retail Market: - ANSWER: $7 Trillion
US retail e-commerce: - ANSWER: $1.05 trillion
B2B e-commerce has how many transactions in the US projected for 2022? -
ANSWER: $8.5 trillion
Two Primary Business Models used within B2B arena: - ANSWER: 1) B2B e commerce
marketplaces
2) Private B2B networks
B2B e commerce marketplaces include: - ANSWER: e-distributors, e-procurement
companies, exchanges, and industry consortia.
consumer-to-consumer (C2C) e-commerce - ANSWER: consumers selling to other
consumers with the help of an online market maker
Original C2C platform provider pioneers: - ANSWER: Ebay, craigslist, and etsy.
Uber and Airbnb can also be considered what platform provider? - ANSWER: C2C --
consumer to consumer e-commerce
Estimation of size as of 2022 for C2C market: - ANSWER: $200 billion (not including
on demand services)
100%
we distinguish different types of e-commerce by the nature of the market
relationship—who is selling to whom. - ANSWER: we distinguish different types of e-
commerce by the nature of the market relationship—who is selling to whom.
The most commonly discussed type of e-commerce is business-to-consumer (B2C) e-
commerce - ANSWER: online businesses attempt to reach individual consumers.
B2B e-commerce includes purchases of: - ANSWER: retail goods, travel, financial, real
estate, and other types of services. has grown exponentially since 1995 and is the
most common e-commerce businesses will encounter
seven different B2C business models: - ANSWER: online retailers, service providers,
transaction brokers, content providers, community providers/social networks,
market creators, and portals.
he data suggests that, over the next five years, B2C e-commerce in the United States
will continue to grow by - ANSWER: more than 10% annually.
Overall US Retail Market: - ANSWER: $7 Trillion
US retail e-commerce: - ANSWER: $1.05 trillion
B2B e-commerce has how many transactions in the US projected for 2022? -
ANSWER: $8.5 trillion
Two Primary Business Models used within B2B arena: - ANSWER: 1) B2B e commerce
marketplaces
2) Private B2B networks
B2B e commerce marketplaces include: - ANSWER: e-distributors, e-procurement
companies, exchanges, and industry consortia.
consumer-to-consumer (C2C) e-commerce - ANSWER: consumers selling to other
consumers with the help of an online market maker
Original C2C platform provider pioneers: - ANSWER: Ebay, craigslist, and etsy.
Uber and Airbnb can also be considered what platform provider? - ANSWER: C2C --
consumer to consumer e-commerce
Estimation of size as of 2022 for C2C market: - ANSWER: $200 billion (not including
on demand services)
