Emerging Modes of Business Test

Result

Emerging Modes of Business Test - 2

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Weekly Quiz Competition

Question 1
1 / -0

_________ greatly facilitates and speeds up the entire B2C process.

A
B-Commerce

B
E-Banking

C
E-Commerce

D
None of these

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 2
1 / -0

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

A
B2B Commerce

B
B2C Commerce

C
C2C Commerce

D
C2B Commerce

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

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.

A
B2B Commerce

B
B2C Commerce

C
C2C Commerce

D
C2B Commerce

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 4
1 / -0

What is the method payment chosen by the customer at the time of physical delivery of goods?

A
Prepaid amount

B
(COD) - Cash on delivery

C
Debit card payment

D
Credit card payment

Solution

Cash on delivery (COD), sometimes called collect on delivery, is the sale of goods by mail order where payment is made on delivery rather than in advance.
Question 5
1 / -0

The payment mechanism typical to e-business

A
Cheques

B
Credit and Debit Cards

C
Cash on Delivery (CoD)

D
e-Cash

Solution

Credit cards – The easiest form of electronic money that is available and most widely used today.

Debit card – The second largest e-commerce payment medium in India Debit Cards and Netbanking. Very often, for customers who want to stay within their spending capacity, paying for things online using a debit card proves to be a preferred choice. With the debit card, one can only pay for purchased goods with the money that already exists in the current or savings accounts as opposed to the credit card where the amounts that the buyer spends are accumulated and have to be paid for as a bill at the end of the billing period.
Question 6
1 / -0

Which method is very popular for making online transactions?

A
Net banking

B
Debit Card

C
Credit Card

D
All of these

Solution

Debit Card, Credit Card and Net banking are very popular method for making online transactions.
Question 7
1 / -0

____________ refers to contracting out some of its activities to a third party which was earlier performed by the organization.

A
BPO

B
E-Banking

C
Outsourcing

D
E-Commerce

Solution

Outsourcing is a practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally. Outsourcing is an effective cost-saving strategy when used properly.
Question 8
1 / -0

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

A
C2C Commerce

B
B2B Commerce

C
B2C Commerce

D
C2B Commerce

Solution

B2B (business-to-business), is the exchange of products, services or information between businesses, rather than between businesses and consumers.
Question 9
1 / -0

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

A
Intra-A Commerce

B
Intra-C Commerce

C
Intra-D Commerce

D
Intra-B Commerce

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 intrafirmGenerally, a firm has to deal with its suppliers, customers, employees etc. These are called intra B-commerce interactions.
Question 10
1 / -0

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

A
B2B Commerce

B
C2B Commerce

C
C2C Commerce

D
B2C Commerce

Solution

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

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Re-Attempt Weekly Quiz Competition

Emerging Modes of Business Test - 2

Result

Emerging Modes of Business Test - 2

Score

-

Rank

-

SHARING IS CARING

Question 1

B-Commerce

E-Banking

E-Commerce

None of these

Solution

Question 2

B2B Commerce

B2C Commerce

C2C Commerce

C2B Commerce

Solution

Question 3

B2B Commerce

B2C Commerce

C2C Commerce

C2B Commerce

Solution

Question 4

Prepaid amount

(COD) - Cash on delivery

Debit card payment

Credit card payment

Solution

Question 5

Cheques

Credit and Debit Cards

Cash on Delivery (CoD)

e-Cash

Solution

Question 6

Net banking

Debit Card

Credit Card

All of these

Solution

Question 7

BPO

E-Banking

Outsourcing

E-Commerce

Solution

Question 8

C2C Commerce

B2B Commerce

B2C Commerce

C2B Commerce

Solution

Question 9

Intra-A Commerce

Intra-C Commerce

Intra-D Commerce

Intra-B Commerce

Solution

Question 10

B2B Commerce

C2B Commerce

C2C Commerce

B2C Commerce

Solution

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