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Mr. Mohan wants to buy a new sofa set fo...

Mr. Mohan wants to buy a new sofa set for his house, but he did not have enough space to keep it. He planned to sell the old sofa through OLX, so that he could get some surplus money and space for new sofa set. He got a very good response and out of many buyers, he chose the buyer who gave him the best price.
Identify and explain the type of e-commerce referred to in the above case.

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Verified by Experts

C2C Commerce
Here, the business originates from the consumer and the utimate destination is also consumer.
This type of commerce is best suited for dealing in goods for which there is no established market, e.g, selling used books over the internet.
Another important C2C area of application is the formation of consumer's forum and pressure groups (e.g., Yahoo groups). An aggrieved customer can share his experience with a product/service/vendor and warn others by just writing a message.
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POONAM GANDHI-EMERGING MODES OF BUSINESS-OBJECTIVE TYPE QUESTIONS/MULTIPLE CHOICE QUESTIONS (MCQ)
  1. Mr. Mohan wants to buy a new sofa set for his house, but he did not ha...

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  2. e-commerce does not include

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  3. A Call Centre handles

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  4. It is not an application of e-commerce

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  5. Use of ATM to withdraw money is an example of

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  6. Formation of consumers' forum and pressure groups (e.g, Yahoo group) i...

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  7. This is not a benefit of e-Business

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  8. Match the columns: {:((i), " Withdrawal of money from ATM.", (a), " ...

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  9. e-Business only includes buying and selling products and services over...

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  10. Intra-B commerce involves a firm's interactions with its employees. Tr...

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  11. C2C commerce is best suited for dealing in goods for which there is no...

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  12. e-Business provides customer's wider choice. True/False? Give reason.

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  13. By what name digitisation of business is known?

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  14. What is the relationship between e-business and e-commerce?

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  15. Outsourcing:

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  16. A captive BPO unit provides services to a wide base of clients, cuttin...

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  17. Verticals are the firms which provide their services to a wide base of...

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  18. Outsourcing comprises four segments. True/False? Give reason.

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  19. Outsourcing means-'do it all by yoursel'. True/False?Give reason.

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  20. Why do firms choose to outsourcing?

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  21. Name the service in which a firm gets its task done by another firm.

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