______is also referred to as e-website. It allows the customers to purchase goods from various sellers using Internet.Its aim is to provide a global, reliable, 24 x 7 web based effective sales management system.
e-shop
Understanding E-shop and E-website
The question asks us to identify the term that is also known as an e-website and allows customers to buy goods from various sellers using the internet. It aims to provide a global, reliable, 24/7 web-based effective sales management system.
Let's look at the options provided:
- e-visibility: This term generally refers to how easily a website or business can be found online, usually through search engines or directories. It doesn't directly describe the platform for purchasing goods.
- e-mall: This refers to an online platform that hosts multiple different sellers or stores, much like a physical shopping mall. Customers can browse and buy from various shops within the e-mall.
- e-store: Similar to an e-shop, this term refers to a single online retail outlet where a business sells its products or services directly to customers over the internet.
- e-shop: This is another common term for an online store or web store where a business sells goods or services over the internet. It functions as a digital storefront accessible from anywhere with internet access, around the clock.
The description highlights several key features:
- Referred to as e-website.
- Allows customers to purchase goods.
- Uses the Internet.
- Aims for global reach.
- Reliable and available 24 x 7.
- Provides an effective sales management system.
Both 'e-shop' and 'e-store' are often used interchangeably to mean a single business's online retail presence. While 'e-mall' specifically suggests multiple sellers, the term 'e-shop' or 'e-store' is also commonly used as a general term for any online place where commerce happens, accessible as an 'e-website'. Given the options, 'e-shop' fits the description of a platform facilitating online purchases, available globally 24/7, and acting as a sales management system, which aligns with the function of an e-website designed for sales.
Therefore, based on the provided definition and options, e-shop is the term that fits the description.
Important Questions from Cost accounting
Which of the following business would most likely use job order costing:
The following are the two statements regarding concept of profit. Indicate the correct code of the statements being correct or incorrect. Statement (I) : Accounting profit is a surplus of total revenue over and above all paid-out costs, including both manufacturing and overhead expenses.
Statement (II) : Economic or pure profit is a residual left after all contractual costs have been met, including the transfer costs of management, insurable risks, depreciation and payments to shareholders sufficient to maintain investment at its current level.
Highest in price first out method of valuation is used:
A Biscuit manufacturing concern employs:
Which of the following items is not included in cost accounting?
