Multiple Choice: Choose the best answer $(502=100$ points$)$

Which of the following best defines e$-$commerce?

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.

e$.$ an information system running on Internet to provides access webpages.

"Word of mouth" or "brand advocacy" can be more effective than regular advertising as;

a$.$ the message is more professionally designed.

b$.$ the source of the message is perceived to be more objective and credible.

c$.$ the noise in the medium is low.

d$.$ the core message is more effective.

e$.$ word of mouth uses digital and social media.

Which of the following is not a unique feature of e$-$commerce technology?

a$.$ interactivity

b$.$ social technology

c$.$ information asymmetry

d$.$ richness

e$.$ universal standards

What of following is correct for e$-$commerce and e$-$business?

a$.$ E$-$business infrastructure provides support for online e$-$commerce exchanges.

b$.$ E$-$business includes all digitally enabled commercial transactions

c$.$ E$-$commerce is anything that a firm does digitally.

d$.$ E commerce digitally enables transactions and processes within a firm.

e$.$ Company's online inventory control mechanisms are a component of e$-$commerce.

Which of the following is the best measure that summarizes the degree of a "threat of substitute products" of Porter $5$ forces model?

a$.$ industry growth rate

b$.$ cross elasticity of demand

C$.$ relative market share

d$.$ profit level

e$.$ economies of scale