Question

Which of the following statements is true regarding the benefits of e-commerce to the business organization: *

1 point

Small firms are not able to co-exist with big firms

Poor time management

Expands the marketplace to national and international markets

Does not support business processes

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Answer 1

Answer:

What are the Benefits of E-commerce over Traditional Commerce?

1) No geographical limitation.

2) Easy way to gain customer by search engine visibility.

3) Lower cost/investment.

4) Locate product quickly.

5) Save travel time and cost.

6) Enables deal, bargain, coupons and group buying.

7) Abundance of information.

Answer 2

Answer:

Expands the marketplace to national and international markets statements is true regarding the benefits of e-commerce to the business organization.

Explanation:

• E-commerce is an activity of buying and selling of goods and services electronically without the use of a physical market.
• the transmitting of funds over an electronic network, primarily by the internet.
• or we can say that buying and selling of goods and services through the use of the internet.
• E-commerce business transactions occur as

1. business-to-business (B2B),
2. business-to-consumer (B2C),
3. consumer-to-consumer
4. consumer-to-business

electronic commerce helps to expand the marketplace to domestic as well as an international marketplace because we can see that small business owner nowadays get orders overseas.

thus, Expanding the marketplace to national and international markets statements is true regarding the benefits of e-commerce to the business organization.

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