The dimension of e-commerce that enables commerce across national boundaries is called global reach. Global Reach refers to a business initiative to increase the access between a company and their current and potential customers through the use of the Internet.
Doing business electronically describes e‐commerce. E-commerce (EC), an abbreviation for electronic commerce, is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.
Which one of the following is not one of the major types of e-commerce?
eBay, Amazon.com belong to B2Cs segments. The term business-to-consumer (B2C) refers to the process of selling products and services directly between consumers who are the end-users of its products or services.
The idealistic market envisioned at the outset of the development of e-commerce is called a ______.
C2C type of e‐commerce focuses on consumers dealing with each other. Consumer to consumer, or C2C, is the business model that facilitates commerce between private individuals. Whether it's for goods or services, this category of e-commerce connects people to do business with one another.
The primary source of financing during the early years of e-commerce was _______.
The primary source of financing during the early years of e-commerce was venture capital funds. Venture Capital is money invested in businesses that are small; or exist only as an initiative, but have huge potential to grow. The people who invest this money are called venture capitalists (VCs). The venture capital investment is made when a venture capitalist buys shares of such a company and becomes a financial partner in the business.
Ebay Stores allows you to set up an online store that sells products at a set price, instead of allowing people to bid in auction format. This business model is preferred by many eBay entrepreneurs because they can determine how much profit each product they sell will make.