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Question: Advantages of B2C commerce to customers are (i) wide variety of goods can be accessed and comparative prices can be found (ii) shopping can be done at any time (iii) privacy of transactions can be guaranteed (iv) security of transactions can be guaranteed

Answer:

All of the provided options are advantages of B2C (business-to-consumer) commerce to customers. Let's go through each one:

(i) Wide variety of goods can be accessed and comparative prices can be found: B2C commerce provides customers with access to a wide range of goods and products from various sellers and retailers. Online platforms allow customers to explore different options, compare prices, read reviews, and make informed purchasing decisions.

(ii) Shopping can be done at any time: B2C commerce operates 24/7, allowing customers to shop at their convenience. Online stores are accessible anytime, allowing customers to browse and make purchases whenever it suits them, without being restricted by traditional brick-and-mortar store hours.

(iii) Privacy of transactions can be guaranteed: B2C commerce platforms prioritize the security and privacy of customer transactions. Encryption techniques and secure protocols are implemented to protect sensitive customer information and ensure that privacy is maintained during the transaction process.

(iv) Security of transactions can be guaranteed: B2C commerce platforms often incorporate secure payment gateways and robust security measures to ensure the safety of customer transactions. Secure sockets layer (SSL) encryption and other security technologies help protect customer data and provide a secure environment for financial transactions.

Therefore, all of the mentioned options, (i) wide variety of goods can be accessed and comparative prices can be found, (ii) shopping can be done at any time, (iii) privacy of transactions can be guaranteed, and (iv) security of transactions can be guaranteed, are advantages of B2C commerce to customers.

MCQ: Advantages of B2C commerce to customers are (i) wide variety of goods can be accessed and comparative prices can be found (ii) shopping can be done at any time (iii) privacy of transactions can be guaranteed (iv) security of transactions can be guaranteed

Correct Answer: A. i and ii

Explanation:

All of the provided options are advantages of B2C (business-to-consumer) commerce to customers. Let's go through each one:

(i) Wide variety of goods can be accessed and comparative prices can be found: B2C commerce provides customers with access to a wide range of goods and products from various sellers and retailers. Online platforms allow customers to explore different options, compare prices, read reviews, and make informed purchasing decisions.

(ii) Shopping can be done at any time: B2C commerce operates 24/7, allowing customers to shop at their convenience. Online stores are accessible anytime, allowing customers to browse and make purchases whenever it suits them, without being restricted by traditional brick-and-mortar store hours.

(iii) Privacy of transactions can be guaranteed: B2C commerce platforms prioritize the security and privacy of customer transactions. Encryption techniques and secure protocols are implemented to protect sensitive customer information and ensure that privacy is maintained during the transaction process.

(iv) Security of transactions can be guaranteed: B2C commerce platforms often incorporate secure payment gateways and robust security measures to ensure the safety of customer transactions. Secure sockets layer (SSL) encryption and other security technologies help protect customer data and provide a secure environment for financial transactions.

Therefore, all of the mentioned options, (i) wide variety of goods can be accessed and comparative prices can be found, (ii) shopping can be done at any time, (iii) privacy of transactions can be guaranteed, and (iv) security of transactions can be guaranteed, are advantages of B2C commerce to customers.

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