Study Guide With Complete Solutions

What is EDI and how is EID helpful in doing on-line business? {Ans: enables the exchange of business documents between trading partners in a standardized electronic format.}Advantages to E-commerce {Ans: Reduced overhead costs No need for a physical storefront Ability to reach a broader audience Scalability Track logistics}What are e-tailers? {Ans: E-tailing is short for electronic retailing and refers to the specific activities related to selling retail products and services via the internet.}ECommerce {Ans: the buying and selling of goods and services over the internet}Disadvantages to E-commerce {Ans: Potential security threats Competition IT issues Shipping logistics Limited connection with customers}What are click and mortar companies {Ans: a type of business model that has both online and offline operations, which typically include a website and a physical store.}