E-Commerce Fundamentals
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Questions and Answers

What is the main reason to study e-commerce?

  • To analyze e-commerce ideas, models, and issues (correct)
  • To understand the evolution of e-commerce from its early years to today
  • To describe the major types of e-commerce
  • To identify the major academic disciplines contributing to e-commerce

    • What is e-commerce, in formal terms?

  • The evolution of e-commerce from its early years to today
  • The use of Internet to sell products
  • The use of mobile browsers and apps to transact business
  • Digitally enabled commercial transactions between and among organizations and individuals (correct)

    • What is a characteristic of the first 20 years of e-commerce?

  • Rapid growth and change (correct)
  • No disruptions to traditional business models
  • No opportunities for business
  • Slow growth and change

    • What is a theme underlying the study of e-commerce?

    <p>The importance of understanding e-commerce opportunities and risks</p> Signup and view all the answers

    What is an example of an on-demand service company?

    <p>Uber</p> Signup and view all the answers

    What is the primary focus of e-business?

    <p>Digital enabling of transactions and processes within a firm, involving information systems under firm's control</p> Signup and view all the answers

    Which of the following is NOT a unique feature of e-commerce technology?

    <p>Information symmetry</p> Signup and view all the answers

    What is the term for e-commerce that takes place using mobile devices?

    <p>M-commerce</p> Signup and view all the answers

    What is the primary difference between e-commerce and e-business?

    <p>E-commerce involves commercial transactions, while e-business involves digital enabling of transactions within a firm</p> Signup and view all the answers

    What is the term for e-commerce that involves transactions between businesses?

    <p>B2B e-commerce</p> Signup and view all the answers

    Study Notes

    Introduction to E-Commerce

    • E-commerce refers to the use of the internet to transact business, including web, mobile browsers, and apps.
    • It involves digitally enabled commercial transactions between and among organizations and individuals.

    The Difference between E-Commerce and E-Business

    • E-business refers to the digital enabling of transactions and processes within a firm, involving information systems under the firm's control.
    • E-business does not include commercial transactions involving an exchange of value across organizational boundaries.

    Technological Building Blocks Underlying E-Commerce

    • Internet
    • World Wide Web (including HTML)
    • Deep Web versus "surface" Web
    • Mobile platform (including mobile apps)
    • All forms of e-commerce show very strong growth
    • Mobile platform has made mobile e-commerce a reality
    • Increased online social interaction and sharing

    Unique Features of E-Commerce Technology

    • Ubiquity
    • Global reach
    • Universal standards
    • Information richness
    • Interactivity
    • Information density
    • Personalization/customization
    • Social technology

    Types of E-Commerce

    • Business-to-Consumer (B2C)
    • Business-to-Business (B2B)
    • Consumer-to-Consumer (C2C)
    • Mobile e-commerce (M-commerce)
    • Social e-commerce
    • Local e-commerce

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    Description

    Learn about the basics of e-commerce, including its definition, and how it differs from e-business. Understand the role of digital transactions in modern business practices.

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