Podcast
Questions and Answers
What is one reason for the rapid expansion of electronic commerce technology?
What is one reason for the rapid expansion of electronic commerce technology?
Electronic commerce is restricted to specific geographic locations.
Electronic commerce is restricted to specific geographic locations.
False (B)
What term describes the ability of Internet technology to provide shopping anytime and anywhere?
What term describes the ability of Internet technology to provide shopping anytime and anywhere?
Ubiquity
Electronic commerce allows for ______________ messages to be tailored to individual consumers.
Electronic commerce allows for ______________ messages to be tailored to individual consumers.
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Match the following characteristics of electronic commerce with their descriptions:
Match the following characteristics of electronic commerce with their descriptions:
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Which of the following is NOT a benefit of electronic commerce for merchants?
Which of the following is NOT a benefit of electronic commerce for merchants?
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The term 'Marketspace' refers to a location where traditional shopping occurs.
The term 'Marketspace' refers to a location where traditional shopping occurs.
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What is one key feature of interactivity in electronic commerce?
What is one key feature of interactivity in electronic commerce?
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What is one of the primary advantages of ecommerce for consumers?
What is one of the primary advantages of ecommerce for consumers?
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Ecommerce eliminates all disadvantages associated with traditional retail shopping.
Ecommerce eliminates all disadvantages associated with traditional retail shopping.
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Name two disadvantages of ecommerce.
Name two disadvantages of ecommerce.
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One of the major types of ecommerce is __________, which focuses on transactions between businesses and individual consumers.
One of the major types of ecommerce is __________, which focuses on transactions between businesses and individual consumers.
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Match the ecommerce disadvantages with their explanations:
Match the ecommerce disadvantages with their explanations:
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Which of the following is NOT a benefit of ecommerce?
Which of the following is NOT a benefit of ecommerce?
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Ecommerce can lead to improved customer service.
Ecommerce can lead to improved customer service.
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What is a reason customers may resist switching to ecommerce?
What is a reason customers may resist switching to ecommerce?
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Which of the following is a benefit of B2C to businesses?
Which of the following is a benefit of B2C to businesses?
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B2B typically involves purchasing processes that include complex negotiations and high monetary values.
B2B typically involves purchasing processes that include complex negotiations and high monetary values.
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What is an example of a service within B2B electronic commerce?
What is an example of a service within B2B electronic commerce?
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C2C e-commerce often involves consumers selling products directly to _____ .
C2C e-commerce often involves consumers selling products directly to _____ .
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What is a primary benefit of C2C e-commerce?
What is a primary benefit of C2C e-commerce?
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Match the type of e-commerce with its description:
Match the type of e-commerce with its description:
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Peer-to-Peer (P2P) e-commerce relies on centralized servers to link users.
Peer-to-Peer (P2P) e-commerce relies on centralized servers to link users.
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Name one key technology used in Mobile Commerce.
Name one key technology used in Mobile Commerce.
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Who conceived the term 'hypertext'?
Who conceived the term 'hypertext'?
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HTTP stands for Hypertext Transfer Protocol.
HTTP stands for Hypertext Transfer Protocol.
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What does URL stand for?
What does URL stand for?
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The web page is stored as an HTML ______.
The web page is stored as an HTML ______.
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Which of the following is an example of a URL?
Which of the following is an example of a URL?
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Match the following components with their descriptions:
Match the following components with their descriptions:
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A hyperlink is a type of URL.
A hyperlink is a type of URL.
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What is the primary function of a web browser?
What is the primary function of a web browser?
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What is the main purpose of instant messaging?
What is the main purpose of instant messaging?
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Voice over IP requires a low-speed Internet connection to function effectively.
Voice over IP requires a low-speed Internet connection to function effectively.
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Name one type of website that provides newsworthy material on current events.
Name one type of website that provides newsworthy material on current events.
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______ are websites that offer various services such as email, shopping, and news.
______ are websites that offer various services such as email, shopping, and news.
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Which type of website is primarily focused on selling and promoting products and services?
Which type of website is primarily focused on selling and promoting products and services?
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Educational websites only provide formal courses.
Educational websites only provide formal courses.
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Match the following types of websites with their primary focus:
Match the following types of websites with their primary focus:
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What is one requirement for using Voice over IP effectively?
What is one requirement for using Voice over IP effectively?
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What is the primary purpose of advocacy websites?
What is the primary purpose of advocacy websites?
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Blog is short for 'web log'.
Blog is short for 'web log'.
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What is the function of a search engine?
What is the function of a search engine?
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Google uses an algorithm called ______ to rank web pages.
Google uses an algorithm called ______ to rank web pages.
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Match the following website types to their descriptions:
Match the following website types to their descriptions:
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Which of the following is NOT a type of file that Google can search?
Which of the following is NOT a type of file that Google can search?
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Google receives several hundred million queries each day.
Google receives several hundred million queries each day.
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What can you enter into a search text box?
What can you enter into a search text box?
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Flashcards
Ubiquity in e-commerce
Ubiquity in e-commerce
The availability of internet/web technology everywhere, anytime, using any device.
Global Reach of e-commerce
Global Reach of e-commerce
E-commerce transcends national borders, connecting businesses and consumers worldwide.
Universal Standards in e-commerce
Universal Standards in e-commerce
E-commerce uses the same internet standards and technologies globally.
Richness in e-commerce
Richness in e-commerce
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Interactivity in e-commerce
Interactivity in e-commerce
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Information Density in e-commerce
Information Density in e-commerce
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Personalization in e-commerce
Personalization in e-commerce
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E-commerce Marketplace Expansion
E-commerce Marketplace Expansion
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Hypertext
Hypertext
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URL
URL
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Hyperlink
Hyperlink
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HTML
HTML
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HTTP
HTTP
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Web Server
Web Server
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Web Browser
Web Browser
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Internet Service
Internet Service
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Ecommerce Cost Savings
Ecommerce Cost Savings
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Ecommerce Speed
Ecommerce Speed
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Ecommerce Consumer Benefits
Ecommerce Consumer Benefits
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Ecommerce Development Cost
Ecommerce Development Cost
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Ecommerce Security Concerns
Ecommerce Security Concerns
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Ecommerce Customer Trust Issue
Ecommerce Customer Trust Issue
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B2C Ecommerce
B2C Ecommerce
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Ecommerce Limiting Factor
Ecommerce Limiting Factor
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B2C Benefits to Businesses
B2C Benefits to Businesses
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B2C Benefits to Consumers
B2C Benefits to Consumers
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B2B Purchasing
B2B Purchasing
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B2B Advantages
B2B Advantages
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C2C Benefits
C2C Benefits
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Mobile Commerce
Mobile Commerce
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Instant Messaging (IM)
Instant Messaging (IM)
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Internet Telephony (VoIP)
Internet Telephony (VoIP)
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Web Portal
Web Portal
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News Website
News Website
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Informational Website
Informational Website
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Business/Marketing Website
Business/Marketing Website
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Educational Website
Educational Website
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Entertainment Website
Entertainment Website
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Advocacy Website
Advocacy Website
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Personal Website
Personal Website
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Search Engine
Search Engine
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What is a search text box used for?
What is a search text box used for?
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Google's PageRank
Google's PageRank
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What are some file types Google can search?
What are some file types Google can search?
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What are the purposes of weblogs (blogs)?
What are the purposes of weblogs (blogs)?
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What are some examples of web sites that integrate with other networks for polls?
What are some examples of web sites that integrate with other networks for polls?
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Study Notes
E-Commerce Trends and Issues
- E-commerce (EC) is a new model for selling and merchandising.
- Buyers participate in all stages of a purchase electronically, not in person or by phone.
- The process includes enabling customers to access product info, select items, purchase them securely, and settle purchases financially.
- Kalakota and Whinston (1997) define EC from various perspectives:
- Communications: Delivery of info, products, services, or payments through phone lines, computer networks, or other electronic means.
- Business: Applying technology to automate business transactions and workflows.
- Service: A tool to reduce service costs while improving quality and speed of delivery.
- Online: The capability to buy and sell products and info over the internet.
- E-commerce applications started in the early 1970s with electronic fund transfers (EFT).
- EDI expanded financial transactions to other areas and involved more companies, moving beyond financial institutions.
- Internet commercialization and growth led to the term "electronic commerce."
- Network, protocol, software, and specification development, as well as increasing competition.
IT Trends and Issues
- Ubiquity: Internet/web technology is always available via devices (work, home, etc).
- Global Reach: Technology surpasses national borders.
- Universal Standards: Standardized technology across the globe.
- Richness: Video, audio, and text messages integrated into single marketing messages.
- Interactivity: Dynamically adjusting user experience.
- Information Density: Reduced info costs, increased quality, accuracy, and timeliness.
Major Types of E-Commerce
- Business-to-Consumer (B2C): Businesses sell directly to consumers. Typical example of online shopper on Amazon.com.
- Benefits to businesses: Lower distribution costs, new business opportunities, more accurate customer data, better customer support, and lower operating costs.
- Benefits to consumers: Convenience, information, ability to compare prices/offers, and personal service.
- Business-to-Business (B2B): Businesses sell to other businesses.
- Focus on purchasing.
- Advantages: Lower purchasing, selling, and marketing costs; reduced inventory; logistics efficiency; lower cycle times; and improved customer support.
- Consumer-to-Consumer (C2C): Consumers sell directly to other consumers.
- Benefits: Increased liquidity, reduced search costs.
- Peer-to-Peer (P2P): Users share files with no central server.
Web Technology
- Internet: Network of computers and cables, facilitating communication.
- Web: System of interconnected web pages, allowing a user to view content, such as email, videoconferences, and instant messages.
Web Sites
- Portals: A collection of various internet services such as search engines, news, sports, weather, and communication.
- News: Up-to-date stories and articles on current events, life, money, sports.
- Informational: Factual info on topics that range from government taxes to public transportation schedules.
- Business/Marketing: Factual info about businesses and promotion of products and services.
- Educational: Online courses, materials, or information for various purposes.
- Entertainment: Interactive content like music, videos, games, or ongoing web episodes.
- Advocacy: Describe a cause, opinion, or idea to convince viewers of the idea's validity.
- Blogs: Similar to journals, containing thoughts, ideas, and perspectives.
- Search Engine: Program that locates web pages relevant to user queries.
Web Services
- Email: Original internet service for sending/receiving messages.
- File Transfer Protocol (FTP): Allows users to upload and download files.
- Newsgroups/Message Boards: Place for topical discussions.
- Mailing Lists: Organized email distribution lists.
- Chat Rooms: Real-time communication spaces.
- Instant Messaging (IM): Direct communication with specific users.
- Internet Telephony: Use of Internet to make phone calls.
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Description
Explore the key trends and issues in e-commerce, a modern model for buying and selling goods online. Discover how technology transforms communication, business processes, and customer service from past to present. This quiz covers the perspectives of e-commerce as defined by Kalakota and Whinston.