e bussines Flashcards
Why is it important to study e-commerce?
To understand opportunities and risks and analyze e-commerce ideas, models, and issues.
Define e-commerce.
Digitally enabled commercial transactions between and among organizations and individuals.
What is the difference between e-commerce and e-business?
E-commerce involves commercial transactions across organizational boundaries, while e-business focuses on digital transactions and processes within a firm.
What are the primary technological building blocks underlying e-commerce?
- The Internet
- The World Wide Web
- Mobile platforms
List the unique features of e-commerce technology.
- Ubiquity
- Global reach
- Universal standards
- Information richness
- Interactivity
- Information density
- Personalization/customization
- Social technology
What are the major types of e-commerce?
- Business-to-consumer (B2C)
- Business-to-business (B2B)
- Consumer-to-consumer (C2C)
- Mobile e-commerce (M-commerce)
- Social e-commerce
- Local e-commerce
What is the significance of mobile platforms in e-commerce?
They enable transactions through smartphones, tablets, and apps.
What is the estimated revenue for B2B e-commerce in 2022?
$8.5 trillion.
What are some technological trends impacting e-commerce?
- Mobile platform
- Cloud computing
- Internet of Things
- Big data
- Artificial intelligence technologies
- Blockchain
- Web3
- Metaverse
What societal trends affect e-commerce?
- User-generated content
- Privacy concerns
- Market dominance of Big Tech
What were some precursors to modern e-commerce?
- Baxter Healthcare modem-based system (1970s)
- Order entry systems (1980s)
- Electronic Data Interchange (EDI) standards (1980s)
- French Minitel (1981)
What was the focus of e-commerce development from 2001 to 2006?
Consolidation with an emphasis on business-driven approaches.
What is a key characteristic of Web 2.0?
The rise of online social networks.
Fill in the blank: A _______ is a website that looks and behaves like a mobile app.
Progressive Web App (PWA)
True or False: The dot-com crash of 2000 marked the beginning of e-commerce.
False.
What are the organizing themes of understanding e-commerce?
- Technology
- Business
- Society
What is the role of Y Combinator in e-commerce?
It provides support and funding for startups.
What are some negative consequences of being a creator on platforms like TikTok?
Potential privacy invasion and pressure to produce content.
