5 Written questions
5 Matching questions
- Order Fulfillment
- Domain Name
- Manual Inventory Controls
- a Activities including selecting the merchandise, checking to make sure the order has been filled correctly, packing, shipping, and billing for the merchandise. This is one of the strengths of e-Commerce as it has significantly decreased the amount of time in which this process occurs.
- b a schedule of duties (taxes) imposed by a government on imported goods or in some countries exported goods
- c The process of counting and collecting information on current inventory manually. This is done on a periodic basis, unlike Continuous Inventory Control. Therefore, it is not well-suited to online selling as the current inventory status is not regularly updated.
- d 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.
- e a web address; locates an organization or other entity on the Internet. Domain names are used in URLs to identify particular Web pages. For example, in the URL-- http://www.stewsnews.com/actors/bradpitt.html, the domain name is stewsnews.com.
5 Multiple choice questions
- the ability of a government to exert control over a person or corporation
- 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.
- The process of losing distribution channels when they are no longer needed. The growth of e-commerce has effected the need for retail intermediaries or "middlemen" that exist between the producer and the consumer. One example would be the effect that Online Ticket Purchases has had on Travel Agencies. Consumers are learning that the ability to buy directly from the producer saves money as the cost markup that occurs with the "middleman" has been eliminated.
- A company produces goods or services and then delivers those goods and services to the consumer without using an intermediary. This is a primary benefit to online shopping as consumers prefer immediate delivery.
- A payment that is transmitted electronically either over the telephone line, or between Web sites on the Internet. Four types of electronic payments are:
5 True/False questions
Indirect Distribution Channels → A company produces goods or services and then delivers those goods and services to the consumer without using an intermediary. This is a primary benefit to online shopping as consumers prefer immediate delivery.
Permanent Establishment (PE) → physical location of an organization or business for taxation purposes.
Video-conferencing → The use of sophisticated phone systems to conduct meetings with multiple persons at remote locations.
International business → an organization or business which conducts electronic commerce with nations around the globe; any business that has a storefront on the Web and has the mechanisms in place to sell and ship to countries other than its own.
Encryption → 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.