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Emerging Modes of Business Test - 3

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Emerging Modes of Business Test - 3
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Weekly Quiz Competition
  • Question 1
    1 / -0

    Which method is very popular for making online transactions?

    Solution

    Debit Card, Credit Card and Net banking are very popular method for making online transactions.

  • Question 2
    1 / -0

    Complaint lodged by a customer at the company's call centre is _______ type of e-business transaction.

    Solution

    Customer to Business (C2B), sometimes known as Consumer to Business, is the most recent E-Commerce business model. In this model, individual customers offer to sell products and services to companies who are prepared to purchase them. 

  • Question 3
    1 / -0

    Both Sellers and buyers are business firms, under ___type of e-commere transaction

    Solution

    B2B (business-to-business), is the exchange of products, services or information between businesses, rather than between businesses and consumers.

  • Question 4
    1 / -0

    ____transactions have business firms at one end and its customers on the other end.

    Solution

    Business to consumer (B2C) is business or transactions conducted directly between a company and consumers who are the end-users of its products or services.

  • Question 5
    1 / -0

    Here, parties involved in the electronic transactions are from within a given business firm, hence the name is ________.

    Solution

    This refers to transactions between the parties or persons who are the part of one firm only.It is transactions within the firm that is why it is called intrafirm.Generally, a firm has to deal with its suppliers, cutomers, employees etc. These are called intra B-commerce interactions.

  • Question 6
    1 / -0

    Historically, the term E-Commerce originally meant facilitation of __________ transactions using Electronic Data Interchange (EDI) technology to send and received commercial documents like purchase orders or invoices.

    Solution

    Business to Business Commerce also called B to B or B2B, is a type of transaction that exists between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and a retailer.

  • Question 7
    1 / -0

    _________ greatly facilitates and speeds up the entire B2C process.

    Solution

    E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.

  • Question 8
    1 / -0

    B2C variant of e-commerce enables a business to be in touch with its_______.

    Solution

    Business to consumer (B2C) is business or transactions conducted directly between a company and consumers who are the end-users of its products or services. The business-to-consumer as a business model differs significantly from the business-to-business model, which refers to commerce between two or more businesses.

  • Question 9
    1 / -0

    ________ is very much reality which provides the consumers with the freedom of shopping at-will.

    Solution

    Consumer-to-business (C2B) is a business model in which consumers (individuals) create value and businesses consume that value.

  • Question 10
    1 / -0

    A firm's interactions with its employees, sometimes referred to as _______

    Solution

    Business-to-employee (B2E) electronic commerce uses an intrabusiness network which allows companies to provide products and/or services to their employees. Typically, companies use B2E networks to automate employee-related corporate processes.

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