Podcast
Questions and Answers
Which period led to a period of retrenchment and reevaluation in e-commerce?
Which period led to a period of retrenchment and reevaluation in e-commerce?
What has transformed consumer behavior and given birth to on-demand services in e-commerce?
What has transformed consumer behavior and given birth to on-demand services in e-commerce?
Which driving forces are transforming e-commerce?
Which driving forces are transforming e-commerce?
What has had a serious societal impact over the past quarter-century?
What has had a serious societal impact over the past quarter-century?
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What is providing extraordinary growth in the business world?
What is providing extraordinary growth in the business world?
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Which of the following best describes e-commerce?
Which of the following best describes e-commerce?
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What is the difference between e-business and e-commerce?
What is the difference between e-business and e-commerce?
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What is the Internet?
What is the Internet?
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What are the components of e-commerce?
What are the components of e-commerce?
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How do e-business and e-commerce systems relate to each other?
How do e-business and e-commerce systems relate to each other?
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Study Notes
E-commerce Overview
- The post-dot-com bubble period led to a period of retrenchment and reevaluation in e-commerce.
Driving Forces of E-commerce
- The widespread adoption of smartphones has transformed consumer behavior and given birth to on-demand services in e-commerce.
- The primary driving forces transforming e-commerce are social media, mobile devices, big data analytics, and the Internet of Things (IoT).
Impact of E-commerce
- E-commerce has had a serious societal impact over the past quarter-century, changing the way people shop, work, and live.
E-commerce Definition
- E-commerce, also known as electronic commerce, refers to the buying and selling of goods and services over the Internet.
E-business vs. E-commerce
- E-business is a broader concept that encompasses e-commerce and involves the use of digital technology to manage and facilitate all aspects of business operations.
- E-commerce, on the other hand, is a subset of e-business and specifically involves the buying and selling of goods and services over the Internet.
The Internet
- The Internet is a global system of interconnected computer networks that use the Internet Protocol (IP) to link devices worldwide.
Components of E-commerce
- The primary components of e-commerce include people, public policy, marketing and sales, revenue models, infrastructure, software, and services.
E-business and E-commerce Systems
- E-business and e-commerce systems are interconnected, with e-commerce being a key aspect of e-business that enables online transactions and sales.
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Description
Test your knowledge on the evolution of e-commerce and the impact of mobile devices with this quiz. Explore the changes in business models, surviving firms, and the rise of on-demand services.
