Podcast
Questions and Answers
What essential function does e-business primarily focus on compared to e-commerce?
What essential function does e-business primarily focus on compared to e-commerce?
Which statement accurately describes buy-side e-commerce?
Which statement accurately describes buy-side e-commerce?
What technological innovation significantly contributed to the growth of e-business in the 1990s?
What technological innovation significantly contributed to the growth of e-business in the 1990s?
Which of the following is NOT considered a key component of e-business?
Which of the following is NOT considered a key component of e-business?
Signup and view all the answers
The term e-commerce specifically refers to which of the following?
The term e-commerce specifically refers to which of the following?
Signup and view all the answers
Which of the following accurately describes a characteristic of business-to-business (B2B) activities?
Which of the following accurately describes a characteristic of business-to-business (B2B) activities?
Signup and view all the answers
What is one of the key technological factors relevant to e-business?
What is one of the key technological factors relevant to e-business?
Signup and view all the answers
Which of the following correctly defines a brokerage model in e-business?
Which of the following correctly defines a brokerage model in e-business?
Signup and view all the answers
What has been significantly enhanced by the introduction of hypertext on the internet?
What has been significantly enhanced by the introduction of hypertext on the internet?
Signup and view all the answers
Which of the following statements about the business-to-consumer (B2C) sector is true?
Which of the following statements about the business-to-consumer (B2C) sector is true?
Signup and view all the answers
Study Notes
E-Business and E-Commerce
- E-business utilizes the internet to improve business processes including networks, communication, collaboration with other stakeholders.
- E-commerce is focused on the buying and selling of products/services via computer networks. It involves marketing, selling and servicing.
- E-business and E-commerce are often confused, but the difference is that E-business encompasses broader business processes and E-commerce is a subset focused on transactions.
Growth of E-Business
- A key factor in the development of E-business is the emergence of the World Wide Web (WWW) in the early 1990s.
- Internet accessibility has revolutionized communication, allowing businesses to connect globally at a low cost.
- Opportunities for businesses to reach new markets, develop products, and provide better service have been developed.
Types of E-Business and Related Industries
- Several types of e-business exist to suit different functionalities. -Business-to-Business (B2B): Services offered include e-procurement, logistics, and stock control. This type also includes information collaborations between companies, assisting each to operate more effectively by sharing knowledge. -Business-to-Consumer (B2C): Direct selling to consumers via websites and e-commerce platforms. This is a common example of successful e-businesses.
Key Technological Factors
- The internet and the World Wide Web have been crucial in expanding e-business.
- Other key factors include robust and efficient information infrastructure, industry standards, wireless technologies and interactive television.
- Payment systems are fundamental, enabling secure transactions online.
E-Business Models
- Brokerages: Intermediaries connect buyers and sellers on various e-business platforms, like marketplaces or auctions.
- E-shops: Online stores offering product information to customers to facilitate interaction and purchases.
- E-malls: Collections of online stores, creating a virtual shopping center to drive commerce.
- E-auctions: Facilitates sales through competitive bidding process online, allowing buyers and sellers to meet for purchases.
- Trading Communities: Online forums and platforms allowing businesses/consumers in a specific industry to connect and develop.
- Buyer Aggregator Models: Services bringing together many buyers to increase economic power in order to gain cost advantages with sellers.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Explore the fundamentals of e-business and e-commerce in this quiz. Understand the differences between these concepts, their growth due to the internet, and the various types of e-business models. Enhance your knowledge on how these processes revolutionize business operations.
