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Chapter 14 E-business

One of the biggest benefits of the Internet is
How it enables organizations to perform business with anyone, anywhere, anytime.
E-commerce
Is the buying and selling of goods and services over the internet. Refers only to online transactions.
E-business
Derived from the term E-commerce, is the conducting of business on the internet, not only buying and selling, but also serving customers and collaborating with business partners.
What is the primary difference between E-commerce and E-business?
The primary difference between e-commerce and e-business is that e-business also refers to online exchanges of information, for example, a manufacturer allowing its suppliers to monitor production schedules or a financial institution allowing its customers to review their banking, credit card, and mortgage accounts.
What’s an ebusiness model?
Is an approach to conducting electronic business on the internet.
B2B
Business-To-Business applies to businesses buying from and selling to each other over the internet. Online access to data, including expected shipping date, delivery date and shipping status, provided either by the seller or a third-party provider.
Electronic Marketplaces
or Emarketplaces, are interactive business communities providing a central market space where multiple buyers and sellers can engage in ebusiness activities.
E-marketplaces’ main gola is..
is to increase market efficiency by tightening and automating the relationships between buyers and sellers.
B2C
Business to Consumers, applies to any business that sells its products or services to consumers over the internet.
Eshop
Sometimes referred to as an estore or etailer, is a version of retail store where customers can shop at any hour of the day without leaving their home or office.
Pure-plays (virtual) business
The online businesses channeling their goods and services via the internet only without a physical store, such as Amazon.com
Brick-and-mortar business
A business that operates in a physical store without an internet presence.
Click-and-mortar business
A business that operates in a physical store and on the internet. For example Barnes and Noble.
Emall
Consists of a number of eshops; it serves as a gateway through which a visitor can access other eshops.
C2B
Consumer to business applies to any consumer that sells a product or service to a business over the internet.
C2C
Consumer to Consumer applies to sites primarily offering goods and services to assist consumers interacting with each other over the internet.
Electronic Auction (eauction)
sellers and buyers solicit consecutive bids from each other and prices are determined dynamically.
Forward Auction
An auction that sellers us as a selling channel to many buyers and the highest bid wins.
Reverse Auction
An auction that buyers use to purchase a product or service, selecting the seller with the lowest bid
Communities of interest
People interact with each other on specific topics, such as golfing and stamp collecting.
Communities of relations
People come together to share certain life experiences such as cancer patients, senior citizens, and car enthusiasts.
Communities of fantasy
People participate in imaginary environments, such as fantasy football teams and playing one-on-one with Michael Jordan.
E-business benefits:
-Highly accessible.
-Increased Customer Loyalty.
-Improved Information Content.
-Increased convenience.
-increased Global reach.
-Decreased cost.
E-business Challenges
-Protecting Consumers.
-Leveraging existing systems.
-Increasing Liability.
-Providing Security.
-Adhering to taxation rules.
Web mashup
Is a website or web application that uses content from more than one source to create a completely new service.
API
Application Programming Interface, which is a set of routines, protocols, and tools for building software applications.
Revenue Models
-Transaction fees.
-License fees
-Subscription fees
-Fees for value-added services
-Advertising fees.

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