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E- BUSINESS INTERVIEW QUESTIONS QUESTIONS & ANSWERS - LEARNING MODE
E- Business Interview Questions & Answers - Learning Mode
E-Business, or Electronic Business,is the administration of conducting business via the Internet. This would include the buying and selling of goods and services,along with providing technical or customer support through the Internet.The electronic business processes include buying and selling products, supplies and services; servicing customers; processing payments; managing production control; collaborating with business partners; sharing information; running automated employee services; recruiting; and more.
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Question: Name the E-Commerce Business models.
Answer: Following are the various e-commerce business models:
5) Source: CoolInterview.com
Question: What do you mean by E-commerce from service perspective?
Answer: E-commerce is defined as a tool that addresses the desire of firms,consumers and management to cut service cost while improving the quality of goods/services and increasing the speed of service delivery. Source: CoolInterview.com
Question: Name the leading items in B2B e-commerce.
Answer: Following are the leading items in B2B e-commerce:
b)Shipping and Warehousing
g)Agriculture Source: CoolInterview.com
Question: What are the advantages and disadvantages of online auction?
Answer: Various advantages of online auction are as follows:
2)Plenty of choice
3)No physical location
Following are the disadvantages of online auction:
1)False Auto bidding bots
3)Prolonged time Source: CoolInterview.com
Question: What are the features of a C2C model?
Answer: 1)The buyer can purchase products from multiple sellers.
2)The same customer can act as both buyer as well as seller.
3)The social media linking functionalities include, community or forum discussion and blog and other social media website link interface.
4)C2C sites make money by charging fees to sellers.
5)Consumers interact directly with other consumers. Source: CoolInterview.com
Question: State the benefits of virtual community.
Answer: 1. Gains your business worldwide exposure.
2. Gain knowledge from other online community members.
3. Form a forbidable partnership.
4. Maximize your presence in your online community.
5. Builds relationships. Source: CoolInterview.com
Question: Why are online auctions widely accepted business models?
Answer: Online auctions are a widely accepted business model for the following reasons:
a)No fixed time constraint.
b)Flexible time limits.
c)No geographical limits.
d)Offers highly intensive social interactions.
e)Includes a large number of sellers and bidders, which encourages a high-volume online business. Source: CoolInterview.com
Question: What is e-commerce?
Answer: Electronic commerce or e-commerce is a term for any type of businesses,or commercial transaction that involves the transfer of information across the internet.It allows customers to electronically exchange goods and services with no barriers of time or distance.Electronic commerce is where business transactions take place through telecommunication network. Source: CoolInterview.com
Question: Explain the various E-commerce Business models.
Answer: 1)B2B model:Business to business (B2B) is a type of commerce transaction that exists between businesses, such as those involving a manufacturer and wholesaler, or a wholesaler and a retailer.Business to business refers to business that is conducted between companies, rather than between a company and individual consumers.
2)B2C: Website following B2C business model sells its product directly to a customer. A customer can view products shown on the website of business organization.The customer Source: CoolInterview.com
Question: Explain the types of e-business revenue models.
Answer: a)Advertising revenue model: In the advertising revenue model,a web site that offers its users content, services,and/or products also provides a forum for advertisements and receives fee from advertisers.
b)Subscription revenue model: In the subscription revenue model,a Web site that offers its users content or services charges a subscription fee for access to some or all of its offerings.
c)Transaction fee revenue model: In the transaction fee revenue model, a company receives a fee for e Source: CoolInterview.com
Question: What is the impact of B2B markets on the economy?
Answer: 1)Search Costs
4)Transparency in Pricing Source: CoolInterview.com
Question: Explain the types of virtual communities.
Answer: 1)Internet Message Boards: An online message board is a forum where people can discuss thoughts or ideas on various topics.
2)Online Chat Rooms: The development of online chat rooms allowed people to talk to whoever was online at the same time they were. This way, messages were sent and online users could immediately respond back.
3)Virtual Words: These are the most interactive of all virtual community forms. In this type of virtual community, people are connected by living as an avatar in Source: CoolInterview.com
Question: What do you mean by e-commerce from the business process perspective?
Answer: According to this perspective,E-commerce is the application of technology towards the automation of business transactions and work flow.E-Commerce means activities that support commerce electronically by networked connections.For Example business processes like manufacturing and inventory etc. Source: CoolInterview.com
Question: State the benefits of e-commerce.
Answer: 1)Offer Product Datasheets
2)Offer Product Datasheets
3)Selling Products Across the World
4)Offer Huge Information
5)Stay open 24*7/365
6)Decreasing cost of inventory Management Source: CoolInterview.com
Question: What is web/online auction?
Answer: Online/web auctions are places that people can go in order to buy or sell goods or services online for a small fee. Anyone can sell an item and anyone can bid on an item. The highest bidder wins the auction and pay for the good or service and then expects for receiving their in the next couple of days through the mail or some other way of delivery. The largest online auction website is eBay followed by other sites such as Yahoo and Amazon. Source: CoolInterview.com
Question: List out the advantages and disadvantages of B2B model.
Answer: Following are the advantages of B2B model:
1)Creates new sales opportunities.
2)Reduces marketing and sales costs.
3)Provides for efficient customer service.
4)Increases opportunities for collaboration.
Following are the various disadvantages of B2B model:
1)Fraudulent websites and scams.
2)Unable to experience the product before purchasing.
3)Security issues. Source: CoolInterview.com
Question: Explain the meaning of e-commerce from online perspective.
Answer: E-commerce provides the capability of buying and selling products and information on the internet and other online services.E commerce is an electronic environment that allows sellers to buy and sell products, services, and information on the internet.The Products may be physical like Cars, Computers, Books or services like news or consulting. Source: CoolInterview.com
Question: What are the disadvantages of virtual community?
Answer: 1.Possibility of losing touch with reality.
2.Media is not "fixed".
4.Provides a sense of anonymity.
5.Requires knowledge of reading and writing and typing. Source: CoolInterview.com
Question: What is Business-to-Business model?
Answer: Business-to-Business is a transaction that occurs between two companies, as opposed to a transaction involving a consumer. The term may also describe a company that provides goods or services for another company.Business to business (B2B) is a type of commerce transaction that exists between businesses, such as those involving a manufacturer and wholesaler, or a wholesaler and a retailer. Source: CoolInterview.com
Question: State the advantages and disadvantages of P2P model.
Answer: Various advantages of P2P model are:
1)The over-all cost of building and maintaining this type of network is comparatively very less.
2)All the resources and contents are shared by all the peers, unlike server-client architecture where Server shares all the contents and resources.
3)There is no need for full-time System Administrator. Every user is the administrator of his machine. User can control their shared resources.
Following are the disadvantages of P2P model:
1)Security i Source: CoolInterview.com
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Latest 20 Questions
Payment of time- barred debt is:
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal