It refers to a particular family of standards for expressing the structured data that represent electronic commerce transactions; and ‘electronic auctions for a particular set of mechanisms for setting prices.

Related MCQs

• It is an electronic commerce in digital goods and services, intended for consumption by the human senses. It encompasses a range of formats, including text, structured data, image, raster/bit-map and vector, moving image (animation and video), sound, and combinations of the above (multi- medi(A).
• It is an electronic commerce in services, i.e. the provision of services with the assistance of telecommunications and telecommunica- tions-based tools. It excludes traffic in physical goods, and hence is concerned with applications of electronic business where, at least in principle, the entire activity can be performed electronically.
• Electronic Commerce referred to
• Electronic Business referred to
• Electronic catalogues referred to
• The computers communicate by sending each other small ————of data