...DEFINE E-BUSINESS. Is the application of networks including the internet to exchange information and link business processes among organizations and/or individuals. These processes include the interaction between the back-office and the front-office processes. DESCRIBE HOW TECHNOLOGY HAS SUPPORTED AMAZON.COM’S GROWTH. Amazon.com has grown because it has used technology to enhance the company’s value chain and to satisfy customers’ needs. It had innovated technology that allows a customer to shop at one location for many different items without burdening the amazon.com with the inventory-carrying expenses of traditional retailers. It has also innovated the collection and analysis of customer purchase data. By offering a wide variety of books online and having the procurement and delivery system in place satisfy orders in a timely manner; it has been able to grow substantially. These provided amazon.com a competitive advantage in the online retailers’ marketplace. DESCRIBE THE ACTIVITIES ASSOCIATED WITH THE MANUAL ACCOUNTING SYSTEM. The following activities are associated with the manual accounting system. First is to journalize the business event in a book of original entry. The second activity is to post the business event from the journal to the subsidiary ledger. Third, is to post the total from the journal to the general ledger. Finally, is to summarize the business events by preparing a trial...
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...Instructor Moiz Lalani Electronic Medical Records from a Business Perspective In this paper we shall analyze how Electronic Medical Records (EMR) impacts health care organizations from a business perspective, as well as how it may impact profit organizations (versus non-profit organizations) differently. In addition we shall discuss perspectives and responsibilities of the financial management staff, and the basic rules and regulations involved with EMR in which the health care financial management of the organization must address. Starting around 1991 the Institute of Medicine (IOM), known to be the leading innovators concerning medical advances, started encouraging those in the health care delivery system to see the future and accept it, by beginning preparation for instituting electronic medical records. Expounding on the many advantages EMRs would allow facilities and physicians alike; such as, providing for more efficiency, through instant access of a patient’s health history (including all labs, tests and meds prescribed by all doctors for the patient) that is stored on the computer and can be accessed throughout the country, and eventually the world. In turn this would also provide for more effective and less redundant care, and with certain software installed for guiding diagnosis and medicine interactions, could also promote error free treatment and care, avoiding life-threatening episodes in this regard (Haupt, 2011). From a business point of view this would...
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...INTERNET MARKETING By Name Course Instructor Institution Location Date E-business Model Introduction E-business also referred to electronic business emanates from the words 'e-mail' and 'e-commerce' (Ryan & Jones 2012). Simply it can refer to managing the company on the Internet. It involves buying, selling of goods and services, customer service, marketing and communicating with other stakeholders (Amit & Zott 2000). Through this, the company is able to improve on viral internet marketing and advertising, enhance customer experience, improve revenue and encourage customer power to give them a voice in the value chain and quality of products (Chaffey & Smith 2013). Intermediary Model Businesses have opted to integrate the intermediaries in the e-business to increase cash flow, boost marketing strategies, and slow competition (Teece 1986). Intermediaries in e-business generate online markets by convening market forces, that is, buyers and sellers together and assisting them make online transactions (Alter 2001). The apparent achievements of intermediary organization that have adopted e-business or example Amazon, eBay, and Yahoo is a proof of the persistent role and value addition brought about by the intermediation role they play in business transactions (Chaffey & Smith 2013). Social Media Model In social media, there exists a social network, this network can refer to a social graph comprising of entities or individuals bound together...
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...Ecommerce Electronic commerce, commonly known as E-commerce or eCommerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange Chaman (EDI), inventory management systems, and automated data collectionsystems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices, social media, and telephones as well. Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices, social media, and telephones as well. Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of business transactions. This is an effective and efficient way of communicating within an organization and one of the most effective and useful ways of conducting business. It is a Market entry strategy where the company may or may not have a physical presence. E-commerce can be divided into 7 subsections: * E-tailing or "virtual storefronts" on websites with online catalogs...
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...HNC Business Management Assignment 1 Introduction Ebay Task 1 Assessment criteria: 1.1 a) Distinguish between the terms E-Business and E-Commerce E -business and e-commerce are terms that are sometimes used interchangeably, and sometimes they're used to differentiate one vendor's product from another. But the terms are different, and that difference matters to today's companies. E-business “firm which, in contrast to an electronic commerce firm, conducts its day-to-day business functions over the internet and/or other electronic networks such as electronic data interchange (EDI). Electronic business includes collaborating with distributors on sales promotions, interacting with and servicing the customers, and conducting joint research with business partners.” E-Commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet. b) Define: the Internet, the worldwide web (www), Intranets and Extranets Internet - a global computer network providing a variety of information and communication facilities, consisting of interconnected networks using standardized communication protocols. World Wide Web - an information system on the Internet which allows documents to be connected to other documents by hypertext links, enabling the user to search for information by moving from one document to another. Intranets - a local or restricted communications network...
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...development of these areas. This study aims at identifying the problems that are caused by ICT in the application of electronic commerce and electronic business in rural Nigeria. The paper will point out these limitations and give solutions to each, thereby ensuring a smooth development process. The following limitations were found: System scalability and available customers, fraud and identity theft, delivery time and uncertainty, trust and customer satisfaction. Key words: Electronic commerce, Electronic business Methodology: The method used in this research is Internet research and personal observation. Solutions To The limitations Of E-commerce And E-business According to Wikipedia: “Electronic commerce consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. It is more than just buying and selling products online. It also includes the entire online process of developing, marketing, selling, delivering, servicing and paying for products and service”. Wikipedia also stated: “Electronic business may be defined as the application of information and communication technologies (ICT) in support of all the activities of a particular business” This type of business has many disadvantages that deprive people of its advantages especially those in the rural areas” E-commerce and E-business are very important ICT tools that can help businesses and organizations...
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...ISSUES IN E-COMMERCE Electronic commerce or ecommerce is a term for any type of business, or commercial transaction that includes the transmit of information across the Internet. Electronic commerce has expanded quickly over the past years and is anticipated to continue at this rate, or even step-up. The innovatory development of network technologies began electronic commerce as a global trend. E – Commerce utilizes electronic systems for not only buying and selling of the goods and services but also in marketing, supply management, fund transfer. Today most of the businesses rely on electronic systems at least at some points. World Wide Web, the resultant of Internetworking is the main contributor where telephone, mobile phone, fax also serve the purpose. Even though e-commerce technologies provide great benefits, any kind of online transaction give potential for immense misuse of these technologies. Several organizations become the target of e-commerce related crimes ranging from virus assault to business frauds, including e-mail theft, stealing sensitive data of person and credit card information. U.S government’s new internet fraud center does a survey that gathers and studies consumer complaints. Online auctions make nearly 50% of the complaints obtained by the center. Other major types of complaints are security and commodities complaints 16.7%, credit card complaints 4.8%, identity thefts generate 2.9% of the complaints, loss of business chances 2.5% and professional...
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...English For Business Assignment : Argumentative Essay Weightage : 15% Title of Essay : In your opinion, will e-commerce replace the traditional business transaction within the next ten years? Justify your stand and support your arguments with reasons and examples. You should write between 600 and 650 words. Instructor : Ms Jane Chai En-Huey E-commerce (Electronic commerce) is refer to all business transaction happened through electronic platform such as internet. Recent years, e-commerce has expanded rapidly and is believed to continue at this rate of expansion or even accelerate. As the Internet continues to grow exponentially, e-commerce becomes more general in our lifestyle unlike the traditional business transaction. Traditional business transaction can only be conducted in the form of face-to-face which may confront a lot of difficulties like communication and transportation problems. Due to the advancement of technology, business transaction has become easier and faster, thus, speed up the transaction between sellers and buyers. Therefore, it is strongly believed that e-commerce will replace the traditional business transaction within the next ten years. There are some reasons that prove traditional business transaction is replaceable such as lower cost and improvement in customer service. E-commerce can play an important role in future economy because lower cost is needed to conduct a business through internet than traditional business transaction...
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...Citi's eBusiness Model By commercialprintin Citibank differentiate its e-business product 1. How does Citibank differentiate its e-business product offering from that of its competitors? How could Citibank create its own competitive advantages in the market place? Citibank differentiated itself from competitors by using their customer service effectively. They offered several services to their clients. Citibank offered telephone hotlines, customer relations managers to give individual attention to their customers, and service experts. Citibank also continued their investment in technology for the front and back end of the banking systems. Citibank committed to an “e-business strategy-Connect, Transform and Extend-was to web enable its core services, develop integrated solutions and reach new markets.” (McCauley & Khan, 2002, p.1). Citibank was also committed to its customers. According to the case study, ‘Citibank’s vision was to become the world’s leading e-business enabler". Citibank had over 268,000 employees located in over 100 countries and their focus was to embed their services into the everyday lives of the local population. “A bank that had roots in the country as deep as any local indigenous bank, building a broad customer base, offering diverse products, actively participating in the community and recruiting staff and senior management from the local population”. In addition to being committed to employees and customers around the world, Citibank has strong brand...
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...number confirms that e-commerce and e-business must be taken into consideration now by firms in order to be competitive. Even if e-commerce and e-business seem to be rather new phenomena for customers, that is to say clients have not been used to buy online for a long time; the Internet has already a long history. In the late sixties[2] (1969), the American department of defence created ARPANET (Advanced Research Projects Agency Network) group in order to install secure networks among computers. In 1973, Great Britain is connected to ARPANET. Then in 1984, JANET: joint academic network, is installed in United Kingdom. But the big step is the introduction in 1990 of the World Wide Web, which is considered to be one of the most significant contributions to business activity. By the end of 1992, the Internet and the World Wide Web have already more than one million users over the world. In 1995, many elaborated browsers are being developed and created. Today, one can say we belong to the Internet generation, for in 2000; more than twenty million websites were registered in over one hundred fifty countries. Thus, this quick historic shows that the Internet is not new and has known a long evolution within fifty years. From an internal military network it has become a revolutionary means of communication. The airlines and transport industries are really concerned by the Internet revolution. Indeed, most of their bricks and mortar business is being challenged by the e-commerce...
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...Kudler like other business want to produce quality products at a lower price than their competitors in order to maximize their profit. Kudler Fine Foods wants to move into the e-commerce business in order to expand their business and in turn attract more online business and increase their profit margin. This is why they established a Frequent Shopper Program. This paper will describe the Kudler Frequent Shopper Program. Frequent shopper programs are getting introduced more and more in to the retail industry so they can reward their loyal customers. Some business such as Kudler also introduces this type of program so they can spark up their e-commerce retail as well. The frequent shopper has several steps involved in the program. It includes the in store shopper as well as the e-commerce shopper. The company needs to make a history of online shopping, point of sale system, provide discount on frequent shoppers, and modify the communication between POS systems. The frequent shopper program also has several considerations so it is important to consider the ethical, legal, and security concerns. There are many ethical considerations of a frequent shopper program. For example, customer safety is the important ethical consideration in e-commerce (Merryweather, 2000). The personal data of the customer is very important to consider as well. Any e-commerce business will have to take the individuals credit card so it is important that the business uses this information...
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...E-commerce Name: Institution: Date: E-commerce Electronic commerce refers to a form of industry where entrepreneurs and customers buy and sell their products through electronic systems such as the internet and computer networks. Some of the technologies involved in this line of business include internet marketing, mobile commerce as well as transfer of funds electronically. In this new world generation, electronic commerce technically uses World Wide Web (www) on most occasions (May, 2000). This form of business covers different types of business ventures such as online auctioning, online exchanging of goods and services among corporations. E-commerce grants the consumers the go ahead to exchange products electronically with setbacks of distance or time. As a result, more businesses are operating online since online market is expanding at a faster rate. Businesses opt to indulge in online businesses since transacting electronically provides a huge competitive edge over the traditional methods of transacting. When the conditions of implementation are favorable, electronic commerce is more often than not cheaper, faster and to a larger extent convenient. This is contrary to traditional methods of trade that are tough to execute (Fazlollahi, 2002) With all the good packages that come by with the use of electronic commerce, the pathway to establishing a very successful online business store can be very bumpy. This especially affects those individuals that are unaware...
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...Even though Gold Peak Industries has made technology and e-business work to their advantage in regards to sales, the industry has been faced with several issues along the way in the development of e-business such as shortage of competent manpower. In order to ensure the company's success in achieving their goals, Gold Peak Industries will need to recruit an IT literate programmer with an extensive knowledge of the industry. The issue with this is that it is often very difficult to find an individual that possess these qualities and that compromises the effectiveness of the system (Smith, Robert). The company's territory is lagging behind due to an inadequate infrastructure and missing out on the benefits technology has to offer. The company is not able to reach its full potential while overcoming barriers and being able to successfully connect with each other to conform to specific needs. Another challenge is coming up with a proper infrastructure in Hong Kong for finance and technology to bring the company's region up to date with the United States and Europe in e-business adoption together with gaining a competitive advantage. Dealing with technology and software issues such as being able to integrate an existing systems into a new online business system can be both demanding and expensive. Gold Peak Industries will need to improve the use of maximum liability for credit card transactions that are not authorized in Hong Kong such as in the United States and in the United...
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...has been appointed as the examiner at the Council Meeting of the Faculty of Business and Technology Management on January 9th, 2013. ABSTRACT TAMPERE UNIVERSITY OF TECHNOLOGY Master’s Degree Programme in Business and Technology Management DOAN NGOC, HA: Demand creation of online services for B2B and consumer market – Food delivery in Vietnam Master of Science Thesis, 75 pages, 4 appendices (4 pages) January 2013 Major: Industrial management Examiner(s): Professor Olavi Uusitalo Keywords: online service, customer demand, B2B and consumer market, online marketing, food delivery The evolution of the Internet and the dynamic of the economy nowadays have created opportunities for young companies to enter the online market. The source of these opportunities comes from the changes of customer behavior as they get used to the digital world. New Internet-based products and services are created to offer more and more benefits to customers. Interestingly, the dynamic of the market does not only come from the changes of customer behavior but also from the fast development of technology and innovative ideas. Successful products and services even shape the behavior of customer in using Internet. It can listed here the famous examples of Amazon in changing online purchasing behavior of customer or Facebook in changing the way people communicate and connect with each other. This research studies a new business model in online market, a multi-restaurants site which enables customers to...
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...Introduction Electronic Business which is commonly referred to as e-business, which is the utilization of information and communication technology (ICT) in conduct business on the internet, not only buying and selling but also servicing customers and collaborating with business partner. Electronic business methods enable companies to link their internal and external data processing systems more efficiently and flexibly, to work more closely with suppliers and partners, and to better satisfy the needs and expectations of their customers. Trust is the key to the success of e-business and lack of trust is the significant problem on the way to e-business success. During every business transaction, the parties involved should feel trust with the people and the companies. It must be established and managed continuously in business transaction activities. Security services offering protection from security threats are: identification, authentication, confidentiality, integrity, access control, and non-reputation. Today, e-business applications are doing more than ever to increase efficiency and improve relationships with partners and customers. In relation to trust and internet technologies, consumers are concerns about two main things which are privacy and security. This study is focusing on the issues relating to e-business, such as its importance, issues and the solutions in order to overcome related to the security and trust in e-business. Importance of Trust regarding e-business Traditionally...
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