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Question

______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.

The correct answer is

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.

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Important Questions from Cost accounting

  1. Which of the following is not a method of costing ?

  2. Abnormal loss is equal to

  3. Which of the following items is included in cost Accounts:

  4. What will be the impact of normal loss on the overall per unit cost?

  5. Job costing is also termed as ___________.

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