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?
- Facilitating external customer service interactions
- Internal organizational processes and collaboration (correct)
- Buying and selling products directly online
- Marketing strategies for online visibility
Which statement accurately describes buy-side e-commerce?
Which statement accurately describes buy-side e-commerce?
- It refers to transactions conducted by purchasing organizations with their suppliers. (correct)
- It involves transactions between suppliers and customers.
- It focuses on how businesses sell products online.
- It encompasses all online marketing activities.
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?
- The arrival of the World Wide Web (WWW) (correct)
- The introduction of secure transaction protocols
- Advancements in intranet infrastructures
- The development of electronic marketing tools
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?
The term e-commerce specifically refers to which of the following?
The term e-commerce specifically refers to which of the following?
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?
What is one of the key technological factors relevant to e-business?
What is one of the key technological factors relevant to e-business?
Which of the following correctly defines a brokerage model in e-business?
Which of the following correctly defines a brokerage model in e-business?
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?
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?
Flashcards
What is e-business?
What is e-business?
The use of the internet to network and empower business processes, electronic commerce, organizational communication and collaboration within a company and with its customers, suppliers, and other stakeholders.
What is e-commerce?
What is e-commerce?
The buying and selling, marketing and servicing of products and services via computer networks.
What is the relationship between e-business and e-commerce?
What is the relationship between e-business and e-commerce?
E-commerce focuses on the buying and selling process, while e-business encompasses a wider range of activities, including internal processes within an organization.
What is buy-side e-commerce?
What is buy-side e-commerce?
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What is sell-side e-commerce?
What is sell-side e-commerce?
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Business-to-Consumer (B2C)
Business-to-Consumer (B2C)
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Business-to-Business (B2B)
Business-to-Business (B2B)
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World Wide Web (WWW)
World Wide Web (WWW)
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Brokerage
Brokerage
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Wireless Technology
Wireless Technology
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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.
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