Question Type: General Knowledge/E-commerce Business Model
Step-by-step Solution:
- Understanding E-commerce Segments: E-commerce is broadly categorized into different segments based on the entities involved in the transaction. The primary segments are:
- B2B (Business-to-Business): Transactions between businesses.
- B2C (Business-to-Consumer): Transactions between businesses and individual consumers.
- C2C (Consumer-to-Consumer): Transactions between individual consumers.
- Analyzing OLX: OLX is an online classifieds platform. Users primarily list and sell goods or services directly to other users without the involvement of a business entity acting as an intermediary. This clearly points towards a consumer-to-consumer (C2C) model.
- Eliminating Incorrect Options:
- Option 1 (C2C, B2C, and B2B): Incorrect because OLX's core functionality is C2C. While some B2C elements might exist peripherally, it’s not the primary model, and B2B is largely absent.
- Option 2 (B2B): Incorrect as OLX does not primarily facilitate transactions between businesses.
- Option 4 (B2C): Incorrect as OLX does not operate as a direct seller of goods to consumers; rather, consumers sell to other consumers.
- Conclusion: Therefore, the correct answer is C2C.
Core Logic/Pattern: Identifying the core business model of an online platform by analyzing its functionality and user interactions.
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Important Questions from E Commerce
The deliveries of goods or services ordered on an e-shop do NOT depend upon which of the following?
Which of the following statement(s) is/are correct regarding the strategies required to
increase the visibility of e-commerce website?I. The website name should be sensible that it can be guessed.
II. Uploading contents like special offers or eye catching information for the regular followers can increase traffic on the website.
III. Icons of social networks on the website have no major influence on e-visibility.
- The term "B 2 B" has been referred to which one of the following ?
- _________ primarily deals with buying and selling, particularly on a large scale.
- A fixed sum that is paid by customers for a service, typically on a monthly, quarterly or annual basis, is called _________ in electronic commerce.
