CHAPTER 7

A visually appealing graphic illustrating electronic commerce concepts, including auctions, e-commerce, and digital marketplaces, with a futuristic and tech-savvy design.

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

11 Questions3 MinutesCreated by EngagingMarket101

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)

CHAPTER 7

Mastering Electronic Commerce

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