eCommerce MCQ Questions and Solutions with Explanations | Commerce

Social networking sites primarily earn their revenue through advertising. The most common way for websites to generate revenue is to allow companies to advertise on the site. Web advertising is still an emerging market.

Patent applies to the implementation of an idea.

The type of social network described as a community built around a common interest such as games, sports, music, and so on is called interest-based social network. An interest-based network is exactly what it sounds like: a social network built around interests, using common threads to bring members of an audience together. Whether for travel, food, fashion or cats, interest-based networks are taking over the social media scene, and brands that get it stand to reap the benefits.

When we purchase copyrighted software, we are actually paying for The cost of the CDs, manuals, and development of the software, The cost of the CDs, manuals, and a share of the cost of the software development and A share of the cost of software development.

Auction sites like eBay tend to use dynamic pricing. Dynamic pricing is the latest pricing trend that has taken the ecommerce industry by storm.

Need for personal space, Need to feel in control of our possessions and Need to feel in control of our personal information all are dimension of privacy.

Market inefficiency is not considered to be a drawback of Internet auctions. A market anomaly (or market inefficiency) in a financial market is a price and/or rate of return distortion that seems to contradict the efficient-market hypothesis.

Screen capture software captures screen images. Screen recording software lets you capture your screen to share with others, in support tickets, product videos, onboarding training, and more.

The marketplace for auction sites is best described as dominated by a handful of sites with established networks.

Packet sniffer examines information passing through switches, hubs and routers. Packet sniffing is the act of capturing packets of data flowing across a computer network. The software or device used to do this is called a packet sniffer.