Match the correct pairs:
Group A
a. e-business
b. B to C
c. ATM
d. Payment gateway
C. HTTP
Group B
1. cost reduction
2. Hyper Text Transfer Protocol
3. encryption
4. electronic business
5. point of sale
6. Business to Consumer
7. Business to Business
8. authorizes payments made online
9. outsourcing
10. Automated Teller Machine
Answers
b - 6
c - 10
d- 8
C - 2
Answer:
(a) E-Business - (4) Electronic business
In e-business, the business transaction takes place by the use of the internet. The term "e-business" was coined by IBM in 1996.
(b) B to C - (6) Business to consumer
B to C means Business to consumer. Any kind of transactions that take place directly between the consumers and the sellers is called Business to Consumer process.
(c) ATM - (10) Automated teller Machine
ATM, also known as an automated teller machine is an electronic device that is used to perform financial transactions like withdrawals, deposits, etc.
(d) Payment gateway - (8) Authorizes payments made online
A payment gateway is a service that authorizes any payments made in e-business.
(e) HTTP - (2) Hyper Text Transfer Protocol
HTTP is a protocol of the World Wide Web which shows the formation and transmission of messages and the responses that should be taken by web servers to different commands.