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Test: Planning Online Business - B Com MCQ


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10 Questions MCQ Test E-Commerce - Test: Planning Online Business

Test: Planning Online Business for B Com 2024 is part of E-Commerce preparation. The Test: Planning Online Business questions and answers have been prepared according to the B Com exam syllabus.The Test: Planning Online Business MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Planning Online Business below.
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Test: Planning Online Business - Question 1

What is the acronym SWOT short for in SWOT analysis?

Detailed Solution for Test: Planning Online Business - Question 1
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats in a SWOT analysis. This analysis is used to evaluate the internal and external factors of a business unit and identify its strengths, weaknesses, opportunities, and threats.
Test: Planning Online Business - Question 2

What is the purpose of conducting a SWOT analysis?

Detailed Solution for Test: Planning Online Business - Question 2
The purpose of conducting a SWOT analysis is to assess electronic commerce opportunities. By evaluating the strengths, weaknesses, opportunities, and threats of a business unit, strategies can be formulated to take advantage of opportunities presented by the environment and compensate for weaknesses.
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Test: Planning Online Business - Question 3

Which of the following is NOT a question an analyst would ask when conducting a SWOT analysis?

Detailed Solution for Test: Planning Online Business - Question 3
The question "Are there new technologies that the company can exploit?" is not typically asked in a SWOT analysis. Instead, the focus is on evaluating the company's strengths, weaknesses, opportunities, and threats in relation to its business unit and environment.
Test: Planning Online Business - Question 4
What did Dell identify as its strengths in their SWOT analysis?
Detailed Solution for Test: Planning Online Business - Question 4
Dell identified the customization of computers built to order as one of its strengths in their SWOT analysis. This allowed them to capitalize on customers becoming more knowledgeable about computers and specify exactly what they wanted without relying on salespersons.
Test: Planning Online Business - Question 5
Which characteristic of the Internet allows communication across networks without limiting access to proprietary sites?
Detailed Solution for Test: Planning Online Business - Question 5
The characteristic of the Internet that allows communication across networks without limiting access to proprietary sites is interoperable. This means that the standards of the Internet enable communication regardless of location, machine, or brand name.
Test: Planning Online Business - Question 6
What is the main defining characteristic of a packet switched network?
Detailed Solution for Test: Planning Online Business - Question 6
The main defining characteristic of a packet switched network is the transmission of small parts of data at a time. This allows for verification of correctness before sending more information toward the destination and does not require all information to be delivered through the same path.
Test: Planning Online Business - Question 7
What type of economy does the Internet support that allows buyers and sellers to compare prices and reduce transaction costs?
Detailed Solution for Test: Planning Online Business - Question 7
The Internet supports a nude economy, where buyers and sellers can compare prices, cut out middlemen, and reduce transaction costs. It provides a more transparent and exposed economic environment for conducting business.
Test: Planning Online Business - Question 8
What are the steps for assessing and planning an online business?
Detailed Solution for Test: Planning Online Business - Question 8
The steps for assessing and planning an online business include identifying and transforming key value constellations, developing a portfolio of initiatives, and monitoring the overall plan. This process ensures alignment with business strategy and effective implementation of Internet initiatives.
Test: Planning Online Business - Question 9
What is the purpose of gaining competitive intelligence over the Internet?
Detailed Solution for Test: Planning Online Business - Question 9
The purpose of gaining competitive intelligence over the Internet is to analyze competitor strategies and assess market trends. This can be done by reviewing competitor's websites, analyzing related newsgroups, examining financial documents, and using research companies.
Test: Planning Online Business - Question 10
What is the main characteristic of a dedicated web hosting service?
Detailed Solution for Test: Planning Online Business - Question 10
The main characteristic of a dedicated web hosting service is having full control over a web server. This allows for customization and flexibility in managing the server and hosting the website.
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