E-Business Systems - Lunsford
Terms in this set (25)
Which commerce is only through the Web?
What are transactions conducted between Web businesses?
What is a task performed by working in the course of doing his or her job?
What is an exchange of value?
What is a purchase, sale, or conversion of raw materials into finished products?
What has to have at least one activity to function?
What is a group of logical, related, sequential activities and transactions?
What are the five key steps in the business processes?
quotes and orders
What is it called when individuals buy and sell among themselves
C2C - customer to customer
What is it called with the government is your partner?
G2B - government to business
T/F You do not need to work with the government; it is okay to work against them when you have to.
false - always work with the government
What has changed the way people buy, sell, hire, and organize business activities?
What has, more than anything else, changed the way of life people have?
electronic funds transfer
What is a private communications network?
EFT - electronic funds transfer
electronic data interchange
What is the format used for EDI?
What are the benefits of standard formatting?
avoids printing and mailing costs
eliminates need to reenter data
What is it called when businesses engage in EDI with each other?
What is an independent firm offering EDI connection and transaction-forwarding services?
VAN - value-added network
When did 12,000 internet-related businesses start?
When was $200 billion invested?
When was $100 billion of investor's money?
When was the fueled online business activity growth rebirth?