Chapter 14 E-business
Terms in this set (27)
One of the biggest benefits of the Internet is
How it enables organizations to perform business with anyone, anywhere, anytime.
Is the buying and selling of goods and services over the internet. Refers only to online transactions.
Derived from the term E-commerce, is the conducting of business on the internet, not only buying and selling, but also serving customers and collaborating with business partners.
What is the primary difference between E-commerce and E-business?
The primary difference between e-commerce and e-business is that e-business also refers to online exchanges of information, for example, a manufacturer allowing its suppliers to monitor production schedules or a financial institution allowing its customers to review their banking, credit card, and mortgage accounts.
What's an ebusiness model?
Is an approach to conducting electronic business on the internet.
Business-To-Business applies to businesses buying from and selling to each other over the internet. Online access to data, including expected shipping date, delivery date and shipping status, provided either by the seller or a third-party provider.
or Emarketplaces, are interactive business communities providing a central market space where multiple buyers and sellers can engage in ebusiness activities.
E-marketplaces' main gola is..
is to increase market efficiency by tightening and automating the relationships between buyers and sellers.
Business to Consumers, applies to any business that sells its products or services to consumers over the internet.
Sometimes referred to as an estore or etailer, is a version of retail store where customers can shop at any hour of the day without leaving their home or office.
Pure-plays (virtual) business
The online businesses channeling their goods and services via the internet only without a physical store, such as Amazon.com
A business that operates in a physical store without an internet presence.
A business that operates in a physical store and on the internet. For example Barnes and Noble.
Consists of a number of eshops; it serves as a gateway through which a visitor can access other eshops.
Consumer to business applies to any consumer that sells a product or service to a business over the internet.
Consumer to Consumer applies to sites primarily offering goods and services to assist consumers interacting with each other over the internet.
Electronic Auction (eauction)
sellers and buyers solicit consecutive bids from each other and prices are determined dynamically.
An auction that sellers us as a selling channel to many buyers and the highest bid wins.
An auction that buyers use to purchase a product or service, selecting the seller with the lowest bid
Communities of interest
People interact with each other on specific topics, such as golfing and stamp collecting.
Communities of relations
People come together to share certain life experiences such as cancer patients, senior citizens, and car enthusiasts.
Communities of fantasy
People participate in imaginary environments, such as fantasy football teams and playing one-on-one with Michael Jordan.
-Increased Customer Loyalty.
-Improved Information Content.
-increased Global reach.
-Leveraging existing systems.
-Adhering to taxation rules.
Is a website or web application that uses content from more than one source to create a completely new service.
Application Programming Interface, which is a set of routines, protocols, and tools for building software applications.
-Fees for value-added services
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