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E-Business > E-Business > Flashcards

E-Business Flashcards

1
Q

What is the difference between ebusiness and ecommerce?

A

Ebusiness describes the actual business and ecommerce describes the transactions associated with the business

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2
Q

What are some of the domains in which ebusiness operates? (7 Domains)

A 
B2C
B2B
C2B
C2C
B2E
G2B
G2C
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3
Q

What is buy side?

A

Buy side is procurement from suppliers

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4
Q

What is sell side?

A

Sell side is selling to customers and CRM

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5
Q

What are some of the postive impacts of e-business

A 
Speed
Convenience
Customization
Redefinition of product value
media flexibility
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6
Q

What are some of the negative impacts of e-business?

A

Disintermediation & reintermediation

Channel Conflict

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7
Q

What are some ebusiness models

A 
Brokerage
Advertising
Infomediary
Merchant
Manufacturer
Affiliate
Community
Subscription
Utility
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8
Q

Describe the following E-Business Model: Brokerage

A

A brokerage connects buyers and sellers: Example is Kijiji

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9
Q

Describe the following E-Business Model: Advertising

A

An advertising model seeks to earn ad revenue by increasing traffic and clicks

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10
Q

Describe the following E-Business Model: Infomediary

A

An infomediary is in the business of selling information

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11
Q

Describe the following E-Business Model: Merchant

A

The merchant model is a business that sells goods online: Example would be chapters.ca

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12
Q

Describe the following E-Business Model: Manufacturer

A

Manufacturers that sell direct to consumers online. Example would be levis.com

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13
Q

Describe the following E-Business Model: Affiliate

A

Websites that earn revenue by driving traffic to other websites for a commission

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14
Q

Describe the following E-Business Model: Community

A

Websites who derive their content from the community: Example would be Wikipedia

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15
Q

Describe the following E-Business Model: Subscription

A

Websites that charge users a subscription fee in exchange for content: Example is Netflix

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16
Q

Describe the following E-Business Model: Utility

A

Websites that have a pay as you go format. Example would be Skype charging for long distance calls

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17
Q

What is disintermediation?

A

Cutting out the middle man (intermediary) Example would be a travel agent

18
Q

What is reintermediation?

A

Going back to the use of a middle man

19
Q

What is channel conflict?

A

When traditional channels are upset when they get cut out. Example would be Levi’s selling online and walmart getting upset

20
Q

What are the 4 main stages of developing an e-strategy?

A

Evaluation Stage
Strategy Development
Implementation Stage
Strategy Assessment

21
Q

What are the 2 main e-strategies?

A

First Mover

Market Follower

22
Q

What are some mistakes made by early ebusinesses?

A

Focus on price

Selling below cost

23
Q

What are some funding sources for an ebusiness startup?

A 
Self Funding
Incubators
Angel Funding
Venture Capital
Investment Banker
24
Q

What are some opportunities presented by ebusiness to SME’s?

A

Reach a wider market at a lower cost

25
Q

What are some challenges that SME’s face in eBusiness?

A

Pace of change
Lack of expertise
Website costs

26
Q

What are some professionals whose services are useful in E business?

A 
IT Consultants
IT Lawyers
Management Consultants
Business Analysts
Accountants
Auditors
27
Q

Breifly describe auditing and E-Business

A

Essentially checking to see how the firm is performing and if there are proper checks and balances and that they are working

28
Q

What is Cryptography?

A

The science of transforming data in order to hide its content.

Modern day encryption uses mathmatics to scramble data.

29
Q

What is Encryption?

A

The process of converting plain text into crypto text

30
Q

What is Decryption?

A

Converting crypto text back to plain text

31
Q

What are the two main types of encryption technology?

A

Private Key Encryption

Public Key Encryption

32
Q

What is Private Key Encryption?

A

Using a single secret key or algorithm to encrypt and decrypt a given message

33
Q

What is Public Key Encryption?

A

Using pairs of secret keys designed to work together. Combines a private key with a public key.

34
Q

What is a digital signature?

A

A cryptographic transformation of data which, when associated with an electronic file provides the services of authentication.

35
Q

What is a digital certificate?

A

Electronic ID that verifies the legitimacy of a website

36
Q

What is a certification authority?

A

A trusted third party that issues digital certificates?

37
Q

What is public key infrastructure?

A

PKI comprises the various policies and standards that make up the processes for public key encryption, digital signatures and digital certificates.

38
Q

what was the original idea that drove the creation if the internet?

A

Provide the US military with a de-centralized command and control capability in case if nuclear war

39
Q

What is Data Warehousing?

A

a single repository of data and information that is available to employees

40
Q

What is Data mining

A

analyzing data from the data warehouse

E-Business (12 decks)

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