Which of the following describes e‐commerce?
(a) Doing business electronically
(b) Doing business
(c)Sale of goods
(d) All of the above
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Answer:
The correct answer is point (a)
Doing business electronically
Explanation:
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(a) Doing business electronically describes e-commerce.
Definition of E-commerce;
E-commerce- is a form where selling and buying take place over internet.
Features of E-commerce;
- E-commerce is a business platform where goods and services are operated through internet or electronically.
- E-commerce are characterized in four markets specially;
- Computers
- Tablets
- Smartphones
- Smart Devices
- The transactions while buying the products occur through funds or data online.
- The handling of services is powered by the internet where people can make the use of devices such as smartphones.
Types of E-commerce;
- There are three types of E-commerce;
- Business to Business- where services are made through one business through another.
- Consumer to Consumer- where private business take place.
- Business to Consumer- people can save time while buying the products online.
Hence, E-Commerce take place through online mode of buying and selling of goods and services.
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