1.
Reading the following passage and choose the best sentence (A-H) to fill each of the gaps.
(1) 1 If so, then you’ll be joining the millions of entrepreneurs who have carved out a niche in the world of e-commerce.
At its core, e-commerce refers to the purchase and sale of goods and/or services via electronic channels such as the internet. (2) 2 The medium grew with the increased availability of internet access and the advent of popular online sellers in the 1990s and the early 2000s.
Like any digital technology or consumer-based purchasing market, e-commerce has evolved over the years. (3) 3 With the rise of such sites as Facebook and Pinterest, social media has become an important driver of e-commerce.
The changing market represents a vast opportunity for businesses to improve their relevance and expand their market in the online world. (4) 4 These figures will continue to climb as mobile and internet use expand both in the U.S. and in developing markets around the world.
(5) 5
B2B (business to business) —(6) 6 One example is manufacturers selling to distributors and wholesalers selling to retailers.
B2C (business to consumer) — B2C consists of businesses selling to the public through shopping cart software, without needing any human interaction. This is what most people think of when they hear “e-commerce.”
C2B (consumer to business) — In C2B e-commerce, consumers post a project with a set budget online, and companies bid on the project. (7) 7
C2C (consumer to consumer) — This takes place within online classified ads, forums or marketplaces where individuals can buy and sell their goods.
A This involves companies doing business with each other.
B Researchers predict e-commerce will be 17 percent of U.S. retail sales by 2022. The U.S. spent about $460 billion online in 2017.
C The consumer reviews the bids and selects the company.
D E-commerce was first introduced in the 1960s via an electronic data interchange (EDI) on value-added networks (VANs).
E As in any new venture, the first step in succeeding in e-commerce is to set goals.
F Are you thinking about starting a business where you sell your products online?
G As with traditional commerce, there are four principal categories of e-commerce: B2B, B2C, C2B and C2C.
H As mobile devices became more popular, mobile commerce has become its own market.
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2.Match each vocabulary word on the left with the correct definition on the right.
relevance
distributor
taxation