FBLA Entrepreneurship Practice Test 2025 – Complete Exam Prep

Question: 1 / 400

How is e-commerce defined?

The trading of goods at physical stores

A method of organizing logistics for delivery services

The buying and selling of goods and services over the internet

E-commerce is defined as the buying and selling of goods and services over the internet, which encompasses a wide range of online transactions including retail, wholesale, auctions, and marketplaces. This definition highlights the core functionality of e-commerce, which relies on digital platforms to connect buyers and sellers, facilitating financial transactions and often incorporating various aspects of online marketing, customer service, and logistics.

In contrast to options that describe logistical aspects or physical retail, e-commerce specifically emphasizes the digital transaction process. The ability to conduct transactions entirely online makes e-commerce distinct, allowing for a broader reach and often lower operational costs compared to traditional brick-and-mortar stores. This definition captures the transformative nature of e-commerce in the modern economy, illustrating how technology has reshaped the way commerce occurs.

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A system for managing customer relationships

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