E-commerce
A) accounts for less than 1% of all retail sales
B) only relates to transactions between a company and a consumer
C) can improve the speed and efficiency of transactions
D) increases paperwork

Question

Quizplus · Accepted Answer

E-commerce can improve the speed and efficiency of transactions by eliminating the need for physical stores and allowing customers to purchase products online. It also streamlines the ordering and payment process for both the consumer and the company. Therefore, option C is the correct answer. Option A is incorrect as E-commerce now accounts for a significant proportion of retail sales. Option B is incorrect as E-commerce can also involve transactions between businesses. Option D is incorrect as E-commerce reduces paperwork by automating processes.

E-Commerce