BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Buying goods and services online from vendors
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Placing orders on the phones
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Getting 30 days credit period for payment
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Payment has to be made in advance before goods/services are delivered
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Detailed explanation-1: -E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.
Detailed explanation-2: -E-commerce also known as electronic commerce or internet commerce is the process of buying and selling of goods and services by electronic means such as by mobile applications and the Internet. E-commerce talks of both online retail as well as electronic transactions.
Detailed explanation-3: -E-commerce websites can be a way to improve visibility and create a buzz in the industry. The digital world knows no geographical boundaries, and the possibilities of worldwide recognition, brand recall and sales is enormous.
Detailed explanation-4: -Low Cost. Another important factor responsible for the growth of eCommerce is the low cost of running an eCommerce business. Unlike brick-and-mortar stores, it is relatively cheaper to establish an online store than a physical one. E-commerce eliminates the need to build physical stores in which products are cataloged.