10.5 How does E-commerce improve Processes in an Industry

Question 1

What is E-Commerce?

Answer 1

Multi-firm process of buying/selling g/s using internet technologies

Question 2

What type of network uses B2C?

Answer 2

the web

Question 3

What type of network uses B2B?

Answer 3

Private networks

Question 4

What is interorganizational IS?

Answer 4

IS used by 1+ firm

Question 5

What are merchant companies?

Answer 5

Those that own the goods they sells

Question 6

What are the 3 types of merchant companie?

Answer 6

1)B2C
2)B2B
3)B2G

Question 7

What are nonmerchant companies?

Answer 7

Companies that arrange purchase/sale of goods without ever owning

Question 8

What are the 3 types of nonmerchant companies?

Answer 8

1)Auctions (match buyer/seller using IS version standard auction)
2)Clearing houses (provide g/s and arrange delivery)
3)Exchanges (match buyer/seller)

Question 9

What are the 3 ways E-commerce improve market efficiency?

Answer 9

1)Data flow
2)Disintermediation
3)Software (improve sharing of customer marketing data)

Question 10

What is data flow?

Answer 10

Allow more data to be available to buyers/sellers

Question 11

Why is disintermediation efficient?

Answer 11

E-commerce removes inefficient middle layers