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What is meant by M Commerce
M-commerce (mobile commerce) is the buying and selling of goods and services through wireless handheld devices such as smartphones and tablets.
M-commerce is a form of e-commerce that enables users to access online shopping platforms without the use of a desktop computer.
What is an example of a digital business
Examples of Digital Business Uber cements its place as a digital business because it is, at its core, a platform that connects people and drivers at a massive scale through the internet, while creating an experience that improves on what was previously available to people.
How many EU directives are there
Nowadays, the EU approves on average 80 directives, 1200 regulations and 700 decisions per year.
What is the meaning of F commerce
Facebook commerce (F-commerce) is the retail transaction capability offered within the Facebook social network platform.
Which of the following is a limitation of EC
Which of the following is a technological limitation of EC? people do not yet sufficiently trust paperless, faceless transactions. lack of trust in EC and in unknown sellers hinders buying.
What is EDI in e-commerce
Electronic Data Interchange (EDI) is the electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper.
What does EC mean in regulation
EC Regulations means Commission Regulation (EC) No. 1019/2002 of 13 June 2002 as amended by Commission Regulation (EC) No.
What is an example of an EU directive
One example is the EU consumer rights directive, which strengthens rights for consumers across the EU, for example by eliminating hidden charges and costs on the internet, and extending the period under which consumers can withdraw from a sales contract.
What are the 4 types of business models?
- Business -To- Business Models (B2B): When the dealings or the transactions take place between two companies or the business then this type of business model is known as business to business models
- Business -To-Consumer Models (B2C):
- Subscription Based Models:
What is the difference between the applications of B2B and C2B applications on the internet
The main difference between B2B and B2C businesses is their intended customers. B2B sells to businesses that resell the products while B2C sells directly to the end consumer.
What are the 3 types of European Union law?
- Treaties are the fundamental laws of the EU
- The European Charter of Fundamental Rights has the same legal value as the treaties
- Regulations are laws that apply to all member states
- Directives are laws that set goals for member states to implement
- Decisions are only relevant to specified bodies
How are EU directives implemented
Directives first have to be enacted into national law by member states before their laws are ruling on individuals residing in their countries.
Directives normally leave member states with a certain amount of leeway as to the exact rules to be adopted.
What are the EU AML directives
In the European Union, the first AML directive was adopted in 1990 in order to prevent the misuse of the financial system to conduct money laundering.
It implied obligations for entities to apply customer due diligence (CDD) requirements when entering into a business relationship.
What are the benefit of EC
Saving time is one of the major benefits of e-commerce. Customers can order anything you need online, even groceries to cook.
E-shops are open 24/7/365, so you can shop at any time.
How are EU directives adopted
Directives form part of the EU’s secondary law. They are therefore adopted by the EU institutions in accordance with the treaties.
Once adopted at EU level, they are then transposed by EU Member States so they become law in the Member States.
How are EU directives implemented in the UK
Directives are the most common form of EU legal act. In contrast to a regulation, a directive does not apply directly at the national level.
Instead, an EU directive sets out an objective to be achieved, and it is then left to the individual countries to achieve this objective however they see fit.
What does GDPR mean in simple terms
GDPR stands for General Data Protection Legislation. It is a European Union (EU) law that came into effect on 25th May 2018.
GDPR governs the way in which we can use, process, and store personal data (information about an identifiable, living person).
What is the EC directive
The Electronic Commerce (EC Directive) Regulations 2002 establishes legal rules that online retailers and service providers must comply with when dealing with consumers in the 27 member countries of the European Union (EU).
Do EU directives still apply in the UK
All EU law, across all policy areas, will still be applicable to and in the United Kingdom, with the exception of provisions of the Treaties and acts, which were not binding upon and in the United Kingdom before the entry into force of the Withdrawal Agreement.
What is the difference between EU regulations and directives
Regulations have binding legal force throughout every Member State and enter into force on a set date in all the Member States.
Directives lay down certain results that must be achieved but each Member State is free to decide how to transpose directives into national laws.
Who is in the EEA
The EEA includes EU countries and also Iceland, Liechtenstein and Norway. It allows them to be part of the EU ‘s single market.
Switzerland is not an EU or EEA member but is part of the single market.
This means Swiss nationals have the same rights to live and work in the UK as other EEA nationals.
What does GMV mean in business
Gross merchandises value (GMV) is the total value of merchandise sold over a given period of time through a customer-to-customer (C2C) exchange site.
It is a measure of the growth of the business or use of the site to sell merchandise owned by others.
Does Jeff Bezos still own Amazon
On July 5, 2021, Bezos stepped down as the CEO and President of Amazon and transferred to the role of executive chairman; Andy Jassy, the chief of Amazon’s cloud computing division, replaced Bezos as the CEO and President of Amazon.
On July 20, 2021, he flew to space alongside his half-brother, Mark.
Which among the following is an example of C2C
The most prominent examples of C2C include eBay, an online auction site, and Amazon, which acts as both a B2C and a C2C marketplace. eBay has been successful since its launch in 1995, and it has always been a C2C.
How is CRM different from e CRM
The main difference between CRM and e-CRM are that in CRM customer contact is initiated through traditional mean of telephone, retail store or fax where e-CRM in addition to telephone customer contact can initiated through internet, email, wireless and latest technologies.
Is dropshipping a B2B or B2C
Dropshipping is, by far, the newest popular eCommerce business model. This model is a form of B2C wherein the online store sells products to customers, but the supplier fulfils the order.
What is mCommerce app
Types of m-commerce Mobile shopping enables customers to buy a product using a mobile device with an application such as Amazon or a web app.
A subcategory of mobile shopping is app commerce, which is a transaction that takes place over a native app.
What is the difference between B2B and B2C
B2B stands for ‘business to business’ while B2C is ‘business to consumer’. B2B ecommerce utilises online platforms to sell products or services to other businesses.
B2C ecommerce targets personal consumers.
How do I increase my GMV
Giving consumers the option to bundle their products can help you boost your company’s GMV by increasing the number of goods sold.
Typically, bundles come with a discount, which will make your customers happy and help you get rid of more inventory.
Bundling can also increase your AOV.
Sources
https://aofund.org/resource/e-commerce-advantages-and-disadvantages/
https://www.indeed.com/career-advice/career-development/what-is-mcommerce
https://www.x-cart.com/blog/mobile-commerce-101.html
https://www.fundera.com/blog/brick-and-click
https://www.usda-eu.org/eu-basics-questions/difference-between-a-regulation-directive-and-decision/
