E-Commerce Objective Type Questions and Answers for competitive exams. Unfortunately, the amount of merchants reaping B2B eCommerce opportunities still lags behind what we’ve seen in the B2C space. A. of equal size. Registering with search engines Page 3 E-Commerce BCom III Sem Multiple Choice Questions 1. B2B is an acronym for business-to-business. Compared with B2C models, types of businesses have a limited market base because it relates to transactions between companies. It means that you market your business service or product to other businesses. A) Mobile e-commerce generates more revenue than social e-commerce. A business-to-consumer, or B2C, business model is one in which a company sells a service or product directly to a consumer.. Compared to B2C e-commerce, B2B e-commerce is _____. there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production 38. After receiving the order, goods are dispatched to the customer. ______________ is a program that you can run from the DOS prompt in the Windows operating system in order to check the connection between your client and the server. Main Types of E Commerce. Advantages of B2C commerce are (i) Business gets a wide reach to customers (ii) Payment for services easy (iii) Shop can be open 24 hours a day seven days a week The virtual store also offers the option of e-commerce directed at businesses of any size, whether small, medium or large business (Carvalho, 2006, p.41). B2C business is easier to start than its B2B counterpart and offers some advantages to the online retailers. B2B eCommerce is predicted to reach $1.8 trillion and account for 17% of all B2B sales in the U.S. by 2023. B2C (Business to Consumer) B2C is the first term and connection between business and consumer. When a customer shops in person, she can take the product home right away. Since the prevalence of eCommerce concepts across the world, the B2C model has remained the most successful. Support or good customer care service. D) Growth rates for B2C e-commerce are higher in the United States than in Europe This makes little effort eCommerce risky for small and medium businesses. Advantages of e-commerce Disadvantages of e-commerce; Attract customers across the globe: More competitors from across the globe, making it harder for the business to get noticed Catalog browsing behavior - monitoring of buying process, with possibility to optimize sales funnel to increase sales. As long as an individual owns a mobile device and a cellular or internet connection, they are a potential customer for any e-commerce platform. B2B2C. Page 3 Following are the steps used in B2C e-commerce − A consumer − We have provided Emerging Modes of Business Class 11 Business Studies MCQs Questions with Answers to help students understand the … The acronym B2C stands for business-to-consumer. E-Commerce Multiple Choice Questions. Like most markets, B2C is subject to a number of influences, some of them to personal and emotional, some practical and rational. Disadvantages of implementing B2C . Business-to-consumer (B2C) is a sales model in which products and services are sold directly between a company and a consumer, or between two consumers in a digital marketplace. Difference with B2C and B2C Significant issue with business-to-consumer e-commerce is trust. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Familiar examples of B2C companies include Amazon, Walmart, and other companies where individual customers are the end-users of a product or service. B) Approximately 155 million Americans are expected to make at least one purchase online. M-commerce (mobile commerce) is the buying and selling of goods and services through wireless handheld devices such as cellular telephone and personal digital assistants (PDAs). Advantages:-1. Size of B2B eCommerce. B2C, the acronym for "business-to-consumer", is a business model based on transactions between a company, that sells products or services, and individual customers who are the end-users of these products. What is B2C eCommerce? 1. Customers want to know website is legitimate, orders will be filled correctly, personal info will be safeguarded, etc. Business to Consumer (B2C or B to C) is the method of doing commerce where businesses trade and transact with directly with end customers who buy the product for consumption. Here how the eCommerce helps the customer to avail the specific product easily and speedily. eCommerce MCQ Questions and answers with easy and logical explanations. CA TEST1 REVISION MCQ's(TOPIC 1).docx - CHAPTER 1 THE ENVIRONMENT OF E COMMERCE LEGAL ETHICAL AND TAX ISSUES EASY QUESTIONS.1 By Electronic Commerce we ... (C )ii and iv Advantages of B2C commerce are I. Business gets a wide reach to customers II. There are four major types of E-commerce that are easy to understand. Advantages of B2C Ecommerce Website. Speed up the buying process and save time for customers. These short objective type questions with answers are very important for Board exams as well as competitive exams. Advantages of E-Commerce to Consumers. E Commerce multiple choice questions and answers on E-Commerce MCQ questions quiz on E Commerce objectives questions. Consumer Shopping Procedure. Page-5 section-1 Payment for services easy III. E Commerce multiple choice questions and answers on E-Commerce MCQ questions quiz on E Commerce objectives questions. People are able to shop from wherever they happen to be with m-commerce in place. Every person that is going to start their new business on the internet must read the major types of e-business that take place between the buyer and seller. Targets customers who have browsed certain parts of … E-Commerce offers the following advantages to consumers. Among the alternate models of B2B e-commerce,……is the best means to obtain a competitive advantage in the Market place. 1. Historically, the term e-commerce originally meant facilitation of __________ transactions using Electronic Data interchange (EDI) technology to send and received … 13.1.6 B2C commerce (a) includes services such as legal advice (b) means only shopping for physical goods (c) means only customers should approach customers to sell (d) means only customers should approach business to buy 13.1.7 Advantages of B2C commerce to customers are (i) wide variety of goods can be accessed and comparative prices can be found MCQ Questions for Class 11 Business Studies: Ch 5 Emerging Modes of Business 1. It creates a global customer base. eCommerce MCQ is important for exams like Campus interview, IT department exam. With Sana Commerce, our customers (on average) have reported a 21% jump in e-commerce conversion rates and an 8% jump in revenue as a result of their ERP-integrated B2B web store. Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 5 Emerging Modes of Business with Answers Pdf free download. IBM WEBSPHERE COMMERCE B2C ADVANTAGES - DATA AND ANALYTICS 13. The B2C e-commerce definition suggests the commerce transaction through a company website featured with online catalog. Your primary target with B2C is the general public. 1. Following are the key features of the B2C model − Heavy advertising required to attract customers. Wide range of products and services. B. slightly smaller. The industry is twice as big as B2C. 1. List of the Advantages of M Commerce 1. Traditionally, the term referred to the process of selling products directly to consumers, including shopping in-store or eating in a restaurant. That’s why today, we’re taking a data-driven, detailed look into the many advantages of B2B eCommerce strategy. ... C. there are no competitive advantages or asymmetries because all firms have equal access to all the. Electronic commerce through internet enables the customers to choose a product or service of their choice from any vendor anywhere in the world. Here's an overview of five common types of B2B ecommerce. C) The amount of data that the average American consumes continues to increase. All of the following are techniques B2C e-commerce companies use to attract customers, except: a. Check out our factsheet for more findings from our customer research survey. Although Amazon offers same-day shipping, it wasn’t a profitable model until they created Amazon Prime. The solution for all business needs is a. EDI b. ERP c. SCM d. None of the above Answer: B 13. Did you know that the online opportunity for B2B sellers dwarfs that of B2C? As the B2B industry undergoes a digital transformation, look at the top 10 advantages of eCommerce. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. High investments in terms of hardware/software. E-commerce business is done in 4 ways: Business to customer (B2C), Business to business (B2B), Customer to customer (C2C) & Customer to business (C2B). These short solved questions or quizzes are provided by Gkseries. It literally speeds up the buying process because when someone thinks of buying one specific product from the physical store which is very far and not easily available. The B2B2C model can best be described by looking at how a wholesaler or manufacturer interacts … Business Studies: Ch 5 Emerging Modes of business with Answers were prepared based on the latest exam pattern website... 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