chapter 2

Question 1

What is e-marketplace?

Answer 1

the online platform where the exchange of goods and services take place.

Question 2

What are the participants of EC?

Answer 2

1. customers
2. sellers

Question 3

What are the components of EC?

Answer 3

1. products & services
2. infrastructure
   3.front end - interface where customers can interact with seller’s business portal. Eg. catalog
3. backend - activities that support online order fulfillment. Eg. packaging
4. intermediaries

Question 4

What are the types of e-marketplace?

Answer 4

1. private sell-side - company sell to other company standard or customized products
2. private buy-side - company buy products from invited supplier
3. public e-marketplace

Question 5

What are the types of portals?

Answer 5

1. commercial - shopee
2. corporate - sharepoint
3. publishing - ScienceDirect
4. personal - Blogger
5. mobile - Google Map
6. voice - WhatsApp
7. knowledge - ilearn

Question 6

What are the types of intermediaries?

Answer 6

1. brokers - facilitates transaction between sellers & buyers - insurance agent
   2.informediaries - gather information on behalf of commercial organizations & customers
2. e-distributor - distribute electronic catalogs products from various companies

Question 7

What are the types of auction?

Answer 7

1. 1 seller, 1 buyer
2. 1 seller, many buyers (forward auction)
3. 1 buyer, many sellers (reverse auction)
4. name-your-own-price
5. many sellers, many buyers

Question 8

What are the limitations of auction?

Answer 8

1. security
2. fraudulent
3. limited participation

Question 9

What are the impacts of auction?

Answer 9

1. a form of social mechanism to determine price
2. part of e-commerce component
3. individual profits.