What is electronic commerce? List and describe the electronic commerce models
What will be an ideal response?
Using the Internet to support day-to-day business activities is broadly referred to as electronic commerce (EC). There are three general classes of Internet EC applications: business-to-consumer (B2C), business-to-business (B2B), and business to- employee (B2E). B2C refers to business transactions between individual consumers and businesses. B2B refers to business transactions between business partners, such as suppliers and intermediaries. B2E refers to the use of the Internet within the same business to support employee development and internal.
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All of the following statements are true about inflation except:
a. The U.S. and Germany adjust their financial statements for inflation. b. In recent years, inflation has been more rampant in Latin America and South America than the rest of the world. c. The FASB developed rules for companies in the United States to use to adjust for inflation. d. U.S. companies no longer present financial information adjusted for the effects of inflation.
A useful technique that can be used for gathering external information is known as
A. invoicing. B. benchmarking. C. outsourcing. D. in-sourcing.
A hike in prices of petroleum by the Gulf countries results in a drop in sales of a certain
petroleum-based skin care product. The influence of which of the following market forces is most evident in this case? A) threat of entry B) bargaining power of suppliers C) intensity of rivalry D) pressure from substitute products
What are the two types of intellectual properties?
What will be an ideal response?