E-commerce ch.1
Analysts estimate that by 2026, consumers will be spending around ________ in digital transactions.
$1.7 trillion
The text identifies which of the following years as the year e-commerce began?
1995
All of the following were among the original platforms for C2C e-commerce except:
Amazon.
Which of the following is not an example of an on-demand service company?
M-commerce is the type of e-commerce that generates the most revenue.
False
Price dispersion has been eliminated in e-commerce.
False
The Internet has shown growth patterns that are similar to other electronic technologies of the past.
False
The emergence of mobile, social, and local e-commerce occurred during the Consolidation period of e-commerce.
False
The term e-commerce refers to the digital enabling of business processes both inside and outside the firm.
False
Universal standards make price discovery more costly, slower, and less accurate.
False
Which of the following statements about B2B e-commerce is not true?
In 2022, business-to-business exchanges of all kinds, online and offline, were estimated to be around $8.5 trillion.
Which of the following is not true regarding e-commerce today?
Intermediaries have disappeared.
Which of the following is not an element of friction-free commerce?
It enables extraordinary returns on invested capital.
Which of the following describes the basic web policy of large firms during the Invention period?
Maintain a basic, static website depicting the firm's brand.
Which of the following has not been the subject of concern about its increasing market dominance in 2022-2023?
Netflix
________ represents the total number of users or customers an e-commerce business can obtain.
Reach
Which of the following statements about the Internet is not true?
The Internet was created in the early 1990s.
Which of the following statements about the Web is not true?
The Web is the technology upon which the Internet is based.
Which of the following statements about the Consolidation phase of e-commerce is not true?
The development of the mobile platform fueled a surge in e-commerce revenues.
Which of the following best describes the early years of e-commerce?
They were a technological success but a mixed business success.
E-commerce and e-business systems blur together at the business firm boundary, where internal business systems link up with suppliers or customers.
True
E-commerce technologies provide a unique, many-to-many model of mass communication.
True
Which of the following can be considered synonymous with the term e-commerce?
digital commerce
Which of the following best defines e-commerce?
digitally enabled commercial transactions between and among organizations and individuals
Which of the following refers to the displacement of market middlemen and the creation of a new direct relationship between producers and consumers?
disintermediation
Business-to-consumer (B2C) e-commerce in the United States:
has grown at double-digit rates since 2010.
Unfair competitive advantages occur when:
one competitor has an advantage that others cannot purchase.
All of the following are examples of Web 2.0 except
online social networks.
Above all, e-commerce is a ________ phenomenon.
technology driven
Which of the following is the best definition of transaction costs?
the costs of participating in a market
Interactivity in the context of e-commerce provides which of the following functionalities?
the enabling of two-way communication between consumer and merchant
