ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IBX
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SITC
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Either A or B
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None of the above
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Detailed explanation-1: -At its simplest form, ecommerce software enables a business to sell products and services online.
Detailed explanation-2: -There are three main types of e-commerce: business-to-business (websites such as Shopify), business-to-consumer (websites such as Amazon), and consumer-to-consumer (websites such as eBay).
Detailed explanation-3: -Global ecommerce is the process of selling products or services online across geopolitical borders to customers in foreign countries. Compared to local ecommerce, in which a retailer only sells within its country of origin, global ecommerce allows merchants to expand into non-native markets and reach new customers.
Detailed explanation-4: -B2C (Business-to-consumer). B2C businesses sell directly to their end-users. B2B (Business-to-business). B2B2C (Business-to-business-to-consumer). B2G (Business-to-government). C2B (Consumer-to-business). D2C (Direct-to-consumer). C2C (Consumer-to-consumer).