30 Questions
What are revenue models in electronic commerce?
Approaches to generate income from selling products or services online
Which revenue model is adapted from the mail-order (catalogue) model?
Web catalogue revenue model
In which revenue model are payments typically made through mail or in person?
Fee-for-Transaction revenue model
What is a characteristic of the digital content revenue model?
It involves selling online access to digital content such as music or videos
Which revenue model involves creating an additional sales outlet for existing companies?
Web catalogue revenue model
What is the main goal of some electronic commerce initiatives?
To generate revenue by selling products or services online
Which revenue model allows multiple marketing channels to be used to reach more customers at a relatively lower cost?
Web catalogue revenue model
Which type of products are most commonly sold using the web catalogue revenue model?
Books, music, and videos
Which company is an example of a business using the digital content revenue model?
LexisNexis
What is the primary source of revenue for online businesses using the advertising-supported revenue model?
Displaying advertisements on their websites
Which type of items are considered difficult to sell online due to customers' desire to see the product first?
Luxury items
What is the main characteristic of the luxury items revenue model mentioned in the text?
It requires buyers to purchase at physical stores.
Which type of company provides business news and financial information from all over the world using a digital content revenue model?
DowJones
What does the digital content revenue model primarily deal with according to the text?
Providing access to paid journals and research papers
What is an example of an online company that provides academic research content using a digital content revenue model?
Association for Computer Machinery (ACM)
What is an example of an online company that uses the web catalogue revenue model?
Amazon.com
Which revenue model involves creating an additional sales outlet for existing companies?
Web catalogue revenue model
What is the primary source of revenue for online businesses using the advertising-supported revenue model?
Income from online advertisements
In which revenue model are payments typically made through mail or in person?
Digital content revenue model
Which type of products are most commonly sold using the digital content revenue model?
Online courses and e-books
What is the main characteristic of the luxury items revenue model mentioned in the text?
Emphasis on brand image and customer experience
What is the main goal of some electronic commerce initiatives according to the text?
To reduce operational costs and improve customer service
What type of products are most commonly sold using the web catalogue revenue model?
Books, music, and videos
Which revenue model involves creating an additional sales outlet for existing companies?
Web catalogue revenue model
What is the main characteristic of the luxury items revenue model mentioned in the text?
Customers prefer to see the product first
Which company is an example of a business using the digital content revenue model?
LexisNexis
What is the primary source of revenue for online businesses using the advertising-supported revenue model?
Displaying advertisements on their websites
What is a characteristic of the digital content revenue model?
Charging a fee for access to information
In which revenue model are payments typically made through mail or in person?
Web catalogue revenue model
What does the digital content revenue model primarily deal with according to the text?
Written information or information rights
Study Notes
Revenue Models in Electronic Commerce
- Revenue models in e-commerce are the ways in which businesses generate revenue through online transactions.
- The mail-order (catalogue) model is adapted into the web catalogue revenue model.
Web Catalogue Revenue Model
- Payments are typically made through mail or in person in this model.
- This model is commonly used for selling physical products.
Digital Content Revenue Model
- This model primarily deals with digital products such as e-books, online courses, and software.
- Digital content is typically sold through subscription-based models.
- Examples of companies using this model include academic research content providers and Bloomberg, which provides business news and financial information.
- Characteristic of this model is that customers pay for access to digital content.
Advertising-Supported Revenue Model
- The primary source of revenue for online businesses using this model is advertisements.
- This model allows multiple marketing channels to be used to reach more customers at a relatively lower cost.
Luxury Items Revenue Model
- The main characteristic of this model is that customers are willing to pay a premium for high-end products.
- Luxury items are considered difficult to sell online due to customers' desire to see the product first.
Other Revenue Models
- The main goal of some electronic commerce initiatives is to create an additional sales outlet for existing companies.
- Online companies such as Amazon use the web catalogue revenue model to sell physical products.
Explore revenue models and strategies for selling products or services online in the context of electronic commerce applications development. Learn about different approaches to generating revenue and the goals of electronic commerce initiatives.
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