...considerable time after the so called ‘Internet revolution’, electronic commerce, commonly known as e-commerce or eCommerce, remains a relatively new, emerging and constantly changing area of business management and information technology. There has been and continues to be, much publicity and discussion about e-commerce. According to the editor-in-chief of the International Journal of Electronic Commerce, Vladimir Zwass, ‘Electronic commerce is sharing business information, maintaining business relationships and conducting business transactions by means of telecommunications networks’ (Zwass, 1996). However, the term may refer to 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 services. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage and is predicted to continue at this rate, or even accelerate. Electronic commerce covers a range of different types of businesses, from consumer based retail sites, through auction or music sites to business exchanges trading goods and services between corporations (Beyon-Davies, 2009). It is currently one of the most important aspects of the Internet to emerge (Curtis and Cobham, 2005). Although "conventional" commerce is still used by many companies, there is a growing tend to use electronic commerce, as more and more businesses move sections of their operations...
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...CHAPTER 1 1. How do you define Electronic Commerce EC involves conducting transactions electronically. Major categories of EC are pure versus partial EC, Internet versus non-Internet, and electronic markets versus company based systems. 2. Major types of EC transactions - B2C,B2B, C2C, c-commerce, e-government, social commercing 3. What are elements of digital world? - Digital economy, digital enterprises and digital society CHAPTER 2 1. What does E-marketplace prepresents and what are its components. e-marketplace or marketspae, is a virtual market that does not suffer from limitations of space, time or borders. Its major components are customers, sellers, products, infrastructure, front-end processes, back-end activities, electronic intermediaries, other business partners, and support services. 2. What are characteristics of Web 3.0 - Web 3.0 is definedas connective intelligence; connecting data, concepts, applications and ultimately people. 3. What are main benefits and limitations of auctions - Major benefits for sellers are the ability to reach many buyers, sell quicklly, and safe on intermediary commissions. CHAPTER 3 1. E-tailing as a business models? It can be classified by distrubution channel – a manufacturer or mail.order company selling directly to consumers, virtual e-tailing, a click and mortar strategy with both online and traditional channels, and online malls that provide...
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...The Evolution and Development of E-Commerce Market and E-Cash Azamat Nogoev1 Faculty of Business Management and Globalization LimkokwingUniversity of Creative Technology, Cyberjaya, Malaysia Azamat_nogoev@yahoo.co.uk Rashad Yazdanifard2 Faculty of Management,Multimedia University Cyberjaya, Malaysia rashadyazdanifard@yahoo.com Shahriar Mohseni3 Faculty of Management,Multimedia University Cyberjaya, Malaysia shahriar_mohseni@yahoo.com Behrang Samadi4 Faculty of Management,Multimedia University Cyberjaya, Malaysia behrang_samadi@yahoo.com Meera Menon5 Faculty of Design Inovation, LimkokwingUniversity of Creative Technology, Cyberjaya, Malaysia meera@limkokwing.edu.my ABSTRACT Given the impact of the Internet on all aspects of economic life, it can be regarded as a source of emergence of new electronic economy with an extremely rapid growth, creating new opportunities for Industrial and business activity, increase employment opportunities.Robust economic activity on the Internet or by using its capabilities led to the emergence of a new concept- electronic commerce. KEY WORDS Internet, electronic commerce, electronic payment systems. 1. INTRODUCTION Advances in communication technologies within the last decade of the twentieth century paved the way for innovations, promoting rapid globalization. The convergence of telecommunications and computer technology has given birth to a new business organizational system called the internet, presenting a revelation...
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...The following report will seek to explain the difference between E-Business and E-Commerce providing examples where applicable to support the answer. Most if not all companies nowadays have realized that the Internet is not only here to stay but that its influence in the way business is conducted will increase with the passage of time. We have all heard the terms e-business and e-commerce being used quite frequently but what do these terms really mean and what are the differences between the two terms that are being used. E -business and e-commerce are terms that are used to differentiate one vendors' product from another. Both terms are different, and that difference matters for today's companies. The ‘e’ stands for electronic networks and...
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...COURSE MODULE ABI 204 / ECOMM INTRODUCTION TO E-COMMERCE Unit 1) Introduction to E-Commerce Objectives In this chapter, you will learn about: • The basic elements of electronic commerce • Differences between electronic commerce and traditional commerce • Advantages and Disadvantages of E-Commerce • Business Process Suitability for E-Commerce • Economic forces that have created a business environment that fosters electronic commerce • The ways in which businesses use value chains to identify electronic commerce opportunities Traditional Commerce and Electronic Commerce To many people, the term electronic commerce means shopping on the part of the Internet called the World Wide Web. But it is much broader and encompasses many more business activities than just Web shopping. Electronic commerce refers to business activities conducted using electronic data transmission via the Internet and the World Wide Web. The three main elements of e-commerce are: • Business-to-consumer • Business-to-business • The transactions and business processes that support selling and purchasing activities on the Web Other categories include: consumer-to-consumer and consumer-to-government. Electronic Commerce Electronic Funds Transfers (EFTs) have been used by banks for many years. Electronic Data Interchange (EDI) occurs when one business transmits computer-readable data in a standard format to another business. Businesses who engage in EDI with each other are called trading...
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...What is Electronic Commerce? Commerce * The exchange of commodities, buying and selling, of products and services requiring transportation, from location to location is known as commerce. E-Commerce * From a communications perspective, e-commerce is the delivery of information, products/services or payments via telephone lines, Fax, computer networks or any other means. What is Electronic Commerce? * From an online perspective, e-commerce provides the capability of buying and selling * It refers to a wide range of online business activities for products and services. * Any form of business transaction in which the parties interact electronically rather than by physical exchanges or direct physical contact. Difference between E-Commerce & E-Business * Electronic commerce or "e-Commerce" * E-commerce covers online processes that touch customers, suppliers and external partners, including sales, marketing, order taking, delivery, customer service, purchasing of raw materials and supplies for production. * More sophisticated system such as flight and hotel reservation system. Difference between E-Commerce & E-Business e-Commerce breaks into two components: Online Shopping - the scope of information and activities that provides the customer with the information they need to conduct business with you and make an informed buying decision. Online Purchasing - the technology infrastructure for the exchange of data and the...
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...SG C1 True/False Indicate whether the statement is true or false. __T_ 1. IBM defines electronic business as "the transformation of key business processes through the use of Internet technologies." ___T_ 2. A transaction is an exchange of value. ___F_ 3. A transaction always has one or more activities associated with it, and an activity will always be related to a transaction. __T__ 4. Transferring funds, placing orders, sending invoices, and shipping goods to customers are all types of activities or transactions. __F__ 5. Business-to-consumer electronic commerce occurs when a person sells an item through a Web auction site to another person. __T__ 6. The U.S. government is one of the largest EDI trading partners in the world. __T__ 7. Firms such as Walmart and General Electric have been pioneers in using EDI to improve their purchasing processes and their relationships with suppliers. __T__ 8. A value added network (VAN) is an independent firm that offers connection and transaction-forwarding services to buyers and sellers engaged in EDI. __T__ 9. The increase in broadband connections in homes is a key element in the B2C component of the second wave. __T__ 10. In some cases, business processes use traditional commerce activities very effectively, and technology cannot improve upon them. __F__ 11. The skills of merchandising and personal selling can be easy to practice remotely. __F__ 12. A small-denomination item...
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...NFL e-commerce activities and these factors have far-reaching influence to the brand growth. The major trends of e-commerce applications are inclined to from web storefront and e-catalog through interactive marketing, web store, self-service web sales, B2C portal to the e-business empowerment by B2C model. According to B2B model, the operations automation through Customer self-service to procurement automation, extranets and exchanges, B2B portal until e-business empowerment. Overall, NFL e-commerce activities have benefits on facilitate delivery of public services at the aspects of reducing cost, increasing effectiveness, and improving quality of products. 2. Assessment of Current NFL's Adoption and Usage of Electronic Commerce NFL is currently using several significant types of e-commerce platforms and applications. The most obvious type is B2C, which means e-commerce transactions between business and consumer. NFL business cannot without B2B, which is E-commerce between companies. For the online store, NFL provides online shoppers physically shopping experience because they trend to rely on the descriptions, pictures, videos, even commons of the products for their purchases. B2C, C2C, and C2B these platforms have been reflected through online shopping. As for inside the stadium or online games, NFL adopts banners as publicity. Banners and advertisements about appear during games time. The impact of current platforms facilitates competition in electronic commerce field...
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...Improved decision making 4. Attain consumer and supplier intimacy. 5. Promote competitive advantages. 6. Ensure survival of organization. Data: Raw facts that represent objects and events occurring in an organization. Data > -Input devices- > Process > Information What is the difference between Data & Information? Information is processed data, it is data that has been shaped into a meaningful form. Information technology: consists of all hardware and software that a firm needs to use in order to achieve its goals and objectives. Information system: A set of components that collect data, store it and then distribute it as information to support decision making and control in an organization which is an application. What are the 4 activities in an information system? 1. Input data. 2. Process data. 3. Output information. 4. Feedback. List and describe the 3 dimensions of an information system. Organization: Structure, history, and culture of the organization affect how information system is used and built. People: Information system needs skilled people to build them, maintain them, and understand how to use them in achieving business goals. Technology: 1. Computer hardware. 2. Software. 3. Data management technology. 4. Networking 5. Internet and world wide web www. List the 4 steps for solving a business problem. 1. Problem identification. 2. Solution design 3. Choice. 4. Implementation. IT Infrastructure: Hardware (motherboard, monitor,..etc) - Software (Operating...
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...CHAPTER 1 Introduction to Electronic Commerce © 2017 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part, except for use as permitted in a . license distributed with a certain product or service or otherwise on a password-protected website or school-approved learning management system for classroom use. INYM 225 Study Unit 1 Introduction to Electronic commerce Ms Tumelo Nthutang Learning Objectives In this chapter, you will learn: • What electronic commerce is and how it has evolved in three waves of development • Why companies concentrate on revenue models and the analysis of business processes instead of business models when they undertake electronic commerce initiatives • How to identify opportunities for and barriers to electronic commerce initiatives • How economic forces have led to the development and continued growth of electronic commerce • How businesses use value chains and SWOT analysis to identify electronic commerce opportunities • How the international nature of electronic commerce affects its growth and development 3 3 Introduction Introduction • Electronic commerce began in the United States – China the leader in online retail sales since 2013 – More and more sales being made on smartphones • China is the world’s largest potential online market – Active Internet users and upward economic growth – Buyers use U.S. and domestic sites and are influenced by online reviews and discussions...
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...1) Which of the following statements best describes "e-commerce"? a. E-commerce is the fastest growing sector of the economy. b. E-commerce includes the delivery of products by computer. c. E-commerce is the use of computer networks to facilitate transactions. d. Until 1995, e-commerce was almost non-existent. e. all of the above Answer: e Diff: 1 Type: MC Topic: E-commerce Skill: Recall/Applied 2) Use this fact situation to answer the related questions that follow. A and B have decided to go into the business of selling goods, but wish to use the Internet to reach potential customers all over Canada who can both buy from them and pay using the Internet. As prudent businesspersons, A and B will a. register a domain name. b. negotiate an Internet access agreement. c. negotiate a website development agreement. d. negotiate a website-hosting agreement. e. all of the above Answer: e Diff: 2 Type: MC Topic: E-commerce Skill: Applied 3) Use the fact situation in Q2 to answer the related question that follows. The type of business that A and B are setting up is called a. wholesale sales. b. electronic retailing. c. retail sales. d. e-commerce. e. digital retailing. Answer: b Diff: 1 Type: MC Topic: E-commerce Skill: Recall/Applied 4) Use the fact situation in Q2 to answer the related question that follows. The type of payment that the business will most likely use is ...
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...There are a lot of literature materials which discuss basically all the aspects of e-commerce. A lot of reviews, studies, analysis, and surveys were already formulated by market research firms and organisations with direct interests in the e-commerce business. In this research however, related literature materials which were included were those that mostly concern the business processes and methodologies employed in the use of e-commerce. This section is structured accordingly. First, there is a brief discussion about the definition of e-commerce. Then a justification of e-commerce as a business methodology and its benefits is presented. Different e-commerce applications, issues, and legal concerns were discussed next. Definitions of E-commerce There are many confusing definitions of e-commerce. Some see e-commerce as Internet-based activities only while others include any kinds of exchanges of resources (electronic information, applications, methodologies, and strategies). There is one thing common to all of these sets of general definitions however: e-commerce is a process where electronic connections make it possible to exchange resources. E-commerce is a very broad term used to describe modern ways of doing business today. If we take a much broader view, we define e-commerce as the use of the computer to facilitate all of the firm's operations, many of which are internal. These operations are performed within the firm by the functional areas of finance, human resources,...
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...|ELECTRONIC BUSINESS | | | |STUDY GUIDE FOR | |INYM 225 MEC | |*INYM225MEC* | |FACULTY OF COMMERCE AND ADMINISTRATION | |MAFIKENG CAMPUS | Study guide compiled by: Ms S.T. Nthutang Instructional Design by Mrs Annelize Cronje,Senior Academic Development Advisor, ADC Page layout by Roxanne Bremner, Academic Development Centre Printing arrangements and distribution by Department Logistics (Distribution Centre). Printed by Nashua Digidoc Centre (018) 299 2827 Copyright ( 2014 edition. Date of revision 2016. North-West University, Mafikeng Campus. No part of this book may be reproduced in any form or by any means without written permission from the publisher TABLE OF CONTENTS Module information vii Study guide title: Electronic Business vii Module qualification:...
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...How E-commerce Affects Business Transactions Published: 15, June 2016 Literature Review There are a lot of literature materials which discuss basically all the aspects of e-commerce. A lot of reviews, studies, analysis, and surveys were already formulated by market research firms and organisations with direct interests in the e-commerce business. In this research however, related literature materials which were included were those that mostly concern the business processes and methodologies employed in the use of e-commerce. This section is structured accordingly. First, there is a brief discussion about the definition of e-commerce. Then a justification of e-commerce as a business methodology and its benefits is presented. Different e-commerce applications, issues, and legal concerns were discussed next. Definitions of E-commerce There are many confusing definitions of e-commerce. Some see e-commerce as Internet-based activities only while others include any kinds of exchanges of resources (electronic information, applications, methodologies, and strategies). There is one thing common to all of these sets of general definitions however: e-commerce is a process where electronic connections make it possible to exchange resources. E-commerce is a very broad term used to describe modern ways of doing business today. If we take a much broader view, we define e-commerce as the use of the computer to facilitate all of the firm's operations, many of which are internal. These...
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...As the time changes ,things urbanized and thoughts modernized. Everything from wrist watches to refrigrators are turning smart. Every trade or exchange from banking to bookings are turning electronic. This is an era of electronics where everything is just a click way or rather a touch away. With internet gaining popularity in every field and almost equipping our lives in everything , E-commerce or the electronic commerce has emerged out to be the best benefit of internet for the mankind. E-commerce refers to the economic activity that occur online. It includes all types of business activity such as retail shopping , banking, investing and rentals. In general term ‘trading electronically is called e-commerce’. It is one of the most important aspects of the internet to emerge. E-commerce has used digital technology as the medium for transmitting information between organizations. Digital technology replaces papers based processes,resulting in lower costs , greater accuracy , higher speed and do not have time and distance barriers. You can order anything on any odd hour of the day on these virtual malls and that product will be delivered at your doorsteps. E-commerce have increased the sales and profits of the companies and curtailed down the intermediate cost of the product. Mobile applications development by which application software is developed for handheld devices such as mobile phones , tablets etc. . These applications can be pre-installed on phones during manufacturing...
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