______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 is not a method of costing ?
Which is not a direct or indirect cost?
- Cost volume profit (CVP) Analysis is an analytical tool for studying the relationship between __________.
- What are the records that a food service manager should look at to bring about cost control ?
(i) Invoice
(ii) Job specification
(iii) Requisitions
(iv) Perpetual inventory
(v) Process chart
(vi) Forecast and tallies
Choose the correct answer from the code given below :
Code : 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.
