← e-Commerce I Test
5 Written Questions
5 Matching Questions
- Real-Time Marketing
- Payment Gateways
- Just-in-Time Inventory--JIT
- a A company that serves as an intermediary for businesses to provide online payment options to customers. Payment gateways handle the technical steps involved in allowing customers to pay for purchases online. Cybercash and ExciteStores are examples.
- b The amount of output for each hour of work. Productivity has a direct effect on the profitability of a business. Increased productivity results in a stronger economy because it deters inflation of prices and wages. Economists attribute the strong growth of productivity in the US to the speed of technological advances such as the Internet. (Oelkers, E-Commerce, p. 13.)
- c Products are ordered and then manufactured on an as-needed basis to reduce warehousing costs.
- d the act of becoming worldwide in scope or application
- e A term that refers to immediate processing of an online purchase.
5 Multiple Choice Questions
- The process of using a financial formula (incorporating current exchange rates) to convert a given amount of one currency to its equivalent value in another currency.
- A payment that is transmitted electronically either over the telephone line, or between Web sites on the Internet. Four types of electronic payments are:
- physical location of an organization or business for taxation purposes.
- The process of becoming global or world wide. In e-Commerce this refers to the removal of the geographic boundaries that traditionally exist between the seller and the customer.
- An encrypted number is a number coded in a way that cannot be understood by anyone who is not supposed to use it. In electronic payments, the online seller does not actually receive your credit card information. Instead your encrypted number is sent to the payment gateway. There the number is decoded and sent to your credit card financial institution for approval of your purchase.
5 True/False Questions
Continuous Inventory Control → The process of managing product inventory where the information is updated instantaneously each time there is an increase or decrease to the stock-in-hand. This is the type of inventory management that is necessary to e-Commerce businesses as it enables the seller to provide customers with product availability information that is current.
Shopping Carts → A common feature of an electronic commerce site that keeps track of the items a customer has selected to purchase and that lets the customer view and update the contents of the cart, add new items to it, or remove items from it.
Profitability → The conditions which determine a company's ability to make a profit after their expenses are deducted from their income from sales. Variables include overhead such expenses as facility, equipment, inventory, distribution and wages. E-Commerce businesses have improved their overall profitability through the increased productivity achieved through the speed of the internet and the ability to eliminate intermediary costs.
E-Cash → An encrypted representation of a paper check. Checks are written and sent electronically.
Internet Infrastructure → the computers and software connected to the Internet and the communications networks over which the message packets travel.