Test: Emerging Modes Of Business - 2


20 Questions MCQ Test Business Studies (BST) Class 11 | Test: Emerging Modes Of Business - 2


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This mock test of Test: Emerging Modes Of Business - 2 for Commerce helps you for every Commerce entrance exam. This contains 20 Multiple Choice Questions for Commerce Test: Emerging Modes Of Business - 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Emerging Modes Of Business - 2 quiz give you a good mix of easy questions and tough questions. Commerce students definitely take this Test: Emerging Modes Of Business - 2 exercise for a better result in the exam. You can find other Test: Emerging Modes Of Business - 2 extra questions, long questions & short questions for Commerce on EduRev as well by searching above.
QUESTION: 1

Which method is very popular for making online transactions?

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QUESTION: 2

Complaint lodged by a customer at the company?s call centre is _______ type of e-business transaction.

Solution:

C2B provides businesses with something they need or want from consumers, whether it's a press release written by an expert or valuable feedback on a new product.
A feedback or a complaint comes under C2B commerce where the consumer is providing to the business.

QUESTION: 3

Both Sellers and buyers are business firms, under ___type of e-commere transaction

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QUESTION: 4

____ transactions have business firms at one end and its customers on the other end.

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QUESTION: 5

Here, parties involved in the electronic transactions are from within a given business firm, hence, the name is ________

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QUESTION: 6

Historically, the term e-commerce originally meant facilitation of __________ transactions using Electronic Data interchange (EDI) technology to send and received commercial documents like purchase orders or invoices.

Solution:

Originally, electronic commerce meant the facilitation of commercial transactions electronically, using technology such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT). Commercial transaction means a transaction in which the goods or services are intended by the borrower for use primarily for other than personal, family or household purposes. B2B deals with commercial Transactions.

QUESTION: 7

_________ greatly facilitates and speeds up the entire B2C process.

Solution:

B2C marketing is best defined as the approach to selling goods, products, or services to consumers for use in their everyday lives.
It is definitely true that E-commerce facilitates the B2C marketing into speeding up the process as the customers can get their essentials and other products delivered at their doorsteps. It saves customers’ time and energy.

QUESTION: 8

B2C variant of e-commerce enables a business to be in touch with its_______

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QUESTION: 9

________ is very much reality which provides the consumers with the freedom of shopping ?at-will.

Solution:

C2B or Consumer- to- Business is a business model where the end consumers create products and services which are consumed by businesses and organizations. It is diametrically opposite to the popular concept of B2C or Business- to- Consumer where the companies make goods and services available to the end consumers

QUESTION: 10

A firm's interactions with its employees, sometimes referred to as _______

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QUESTION: 11

Expand VPN

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QUESTION: 12

PayPal is a good example of ____________

Solution:

PayPal is an electronic commerce (e-commerce) company that facilitates payments between parties through online funds transfers. PayPal allows customers to establish an account on its website, which is connected to a user's credit card or checking account. Once identification and proof of funds have been confirmed, a user may begin sending or receiving payments to and from other PayPal accounts. PayPal attempts to make online purchases safer by providing a form of payment that does not require the payor or payee to disclose credit card or bank account numbers.

QUESTION: 13

An important C2C area of interactive commerce can be the formation of _______

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QUESTION: 14

Most shopping websites provide an option for ?Quote your price? which is also known as _____

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QUESTION: 15

Online buying and selling shares and other financial intruments is known as ____

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QUESTION: 16

Which of the following is a limitation of e-business?

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QUESTION: 17

Inventory and cash management of an organisation is ______ type of e-business transaction

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QUESTION: 18

Selling electronic goods through Flipkart or eBay.com is ___ type of e-business transaction

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QUESTION: 19

Which of the following is not Correct?

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QUESTION: 20

Money withdrawn through ATM is ___ type of e-business transaction

Solution:

B2C is a business model based on transactions between a company, that sells products or services, and individual customers who are the end-users of these products.
In this case a bank is company providing services which is being availed by the customer by withdrawing money from his bank through an ATM.

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