Electronic Commerce Refers to

question 72

Multiple Choice

Electronic commerce refers to

• A) an information- and communication-based electronic exchange environment mostly occupied by sophisticated computer and telecommunications technologies and digitized offerings.
• B) any activity that uses electronic communication in the inventory, promotion, distribution, purchase, and exchange of products and services.
• C) two-way buyer-seller electronic communication in a computer-mediated environment in which the buyer controls the kind and amount of information received from the seller.
• D) electronic storefronts that focus on converting an online browser into an online, catalog, or in-store buyer.
• E) electronic storefronts that advertise and promote a company's products and services and provide information on how items can be used and where they can be purchased.

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Definitions:

Collective Agreement Negotiations

The process in which representatives of employers and employees negotiate over terms of employment, such as wages, hours, and working conditions, leading to a collective agreement.

Bargain

To negotiate terms, especially in the context of prices or conditions of an agreement, with the aim of reaching a mutually acceptable deal.

Face-to-face Negotiations

Direct negotiations between parties who are physically present in the same location, allowing for immediate interaction and feedback.

Industrial Relations Department

A division within a company focused on managing relationships and negotiating labor contracts with employees and unions.