IT In Business E-Commerce Past / Likely Questions And Answers Part 2

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1. What is another name for?

2. What is the process in which a buyer posts its interest in buying a certain quantity of items, and sellers compete for the business by submitting successively lower bids until there is only one seller left?

3. What are plastic cards the size of a credit card that contains an embedded chip on which digital information can be stored?

4. Most individuals are familiar with which form of e-commerce?

5. Which form of e-commerce currently accounts for about 97% of all e-commerce revenues?

6. Which of the following are advantages normally associated with B2B e-commerce?

7. If the threat of substitute products or services is low it is a(n):

8. The threat of new entrants is high when it is:

9. If it is easy for competitors to enter the market, the threat of new entrants is considered:

10. An industry is less attractive for suppliers when the rivalry among existing competitors is:

11. Unique value auction is mainly applies to?

12. Paisapay is facilitated in

13. Which of the following is a useful security mechanism when considering business strategy and IT?

14. Which of the following is not related to security mechanism

15. A product or service that customers have come to expect from an industry, which must be offered by new entrants if they wish to compete and survive, is known as a(n)?

16. Which of the following statements accurately reflect the impact of technology?

17. A business cannot be all things to all people. Instead, a business must:

18. How the transactions occur in e-commerce?

19. Which type of products is lesser purchased using e-commerce?

20. A business competing in a commodity like environment must focus on which of the following?

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