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- 1. Multiple Choice
Common features of e-commerce include:
Global reach
Product development
24/7 accessibility
Economies of scale
- 2. Multiple Choice
Disadvantages of e-commerce include:
No need of physical company set-ups
Customers can easily select products from different providers without moving around physically
Any one, good or bad, can easily start a business. And there are many bad sites which eat up customers’ money
There are many hackers who look for opportunities, and thus an ecommerce site, service, payment gateways, all are always prone to attack
- 3. Multiple Choice
Advantages of e-commerce include:
There is no guarantee of product quality
More reach to customers, there is no theoretical geographic limitations
Mechanical failures can cause unpredictable effects on the total processes.
Easy to start and manage a business
- 4. Multiple Choice
Which products may not be suitable for e-commerce?
Automobiles
Diamonds
Toys
Clothes
- 5. Multiple Choice
e-commerce business conducted directly for the end-user
B2B
B2C
C2C
- 6. Multiple Choice
e-commerce conducted directly for business customers
B2B
B2C
C2C
- 7. Multiple Choice
Businesses that predominantly operate online without physical stores
E-tailers
Retailers
Distributors
Agents
- 8. Multiple Choice
Multiple Answers Possible: Select all the options below that are characteristics of the Common Market stage of economic integration:
No internal trade barriers
Common External Tariff/CET
Free movement of labour and capital
Common currency and economic policies
Political, social and cultural integration
- 9. Multiple Choice
Multiple Answers Possible: Select all the options below that are characteristics of the Custom Union stage of economic integration:
No internal trade barriers
Common External Tariff/CET
Free movement of labour and capital
Common currency and economic policies
Political, social and cultural integration
- 10. Multiple Choice
Caricom is an example of a/an:
Free Trade Area
Custom Union
Common Market
Economic Union
- 11. Multiple Choice
NAFTA is an example of a/an:
Free Trade Area
Custom Union
Common Market
Economic Union
- 12. Multiple Choice
The coming together of national economies to operate as one economy
Economic Integration
Globalization
Teamwork
CARICOM
- 13. Multiple Choice
Groups of nations that come together to trade under a trading agreement
Economic Integration
Globalization
Trading bloc
CARICOM
- 14. Multiple Choice
An agreement between two groups or countries
Bi-lateral agreement
Multi-lateral agreement
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