E-Commerce Can Be Defined As

question 35

Multiple Choice

E-commerce can be defined as:

• A) digitally enabled commercial transactions between and among organizations and individuals.
• B) the use of digital technologies in a firm's daily activities.
• C) the digital enablement of transactions and processes within an organization.
• D) any electronically based organizational activity that supports a firm's market exchanges.

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Definitions:

Value Capture

The process of retaining a portion of the value provided in every transaction, often seen in business and economic models.

Large Purchases

Transactions involving the acquisition of a substantial volume of goods or services, often resulting in economies of scale or bulk discounts.

Innovative

Relating to the introduction of new ideas, methods, or products.

Demand Elasticity

An indicator of the extent to which the demand for a product or service shifts as a result of variations in its price.