MIS 2020- Quiz - Ecommerce

Of the companies listed below, which three are the most influential global e-commerce organization(s) in 2019, according to a graphic provided by Statista?

-Alibaba -JD.com -Amazon

Describe how business-to-business (B2B) e-commerce transactions work. More than one answer may be correct.

-Business-to-business (B2B) e-commerce is the selling of good and services between businesses. -B2B transactions often involve orders placed on a recurring basis. -B2B purchases often occur in large quantities and are directly shipped from one business to another.

We Are Social surveyed internet users aged 16-64 around the world, to learn about their e-commerce activities. What did the survey reveal about this demographic? More than one answer may be correct.

-Eighty percent searched online for a product or service to buy online. -Ninety percent visited an online store on the world wide web. -Seventy-four percent reported they had purchased a good or service online.

Which statement defines or explains a characteristic of information density? More than one answer may be correct.

-Information density is the total amount of information as well as the quality of information available to all individuals in a market, including customers and stakeholders. -Information density in e-commerce allows consumers to more easily find retail prices for goods or services (price transparency) and the wholesale costs a seller paid (cost transparency). -Information density in e-commerce allows consumers to more easily find retail prices for goods or services (price transparency) and the wholesale costs a seller paid (cost transparency).

From the following list, select the companies that are leaders in the re-commerce market.

-Yerdle Re-commerce -thredUP -The RealReal

Which of the following are common issues experienced by e-commerce-oriented businesses?

-data theft -unethical practices -challenges with competitor analysis

What are characteristics of business-to-business (B2B) transactions? More than one answer may be correct.

-often transpire on a recurring basis -generally involve large quantities -often include direct shipment between businesses

What is an example of a business-to-business transaction? More than one answer may be correct.

-purchasing office supplies for a university -buying medical equipment for a pediatrician's office -purchasing food service items for a restaurant

The practice of trading used, old, or obsolete products via the internet in exchange for other used or similar products is called re-commerce.

False

The organizations likely to benefit the most from the global reach of e-commerce are those that

previously depended on foot traffic into one physical store to sell their products.