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Chapter 10 - Activity#1

A visually engaging representation of e-commerce concepts, incorporating elements like online shopping, digital transactions, and interconnectedness of global markets.

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

6 Questions2 MinutesCreated by NavigatingMarket42

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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