E-Commerce Flashcards
The Philippines eCommerce market sales reached ____ , largely contributed by 73 million online active users.
$17 billion
This is estimated to reach $24 billion, with ____ growth through 2025.
17%
The top Philippine eCommerce platforms are ____, ____, ____ and _____
- Shopee
- Lazada
- Zalora
- BeautyMNL.
The Philippines Central Bank reported that ___ of Filipinos are unbanked and only ___ use credit cards.
51%, 8%
Roadmap to support E-commerce growth
E-commerce Philipine Roadmap
Filipinos are prolific social media users and actively use platforms for a whopping ___ hours per day, ___ days a week.
10 hours, 7 days a week
The best platforms to reach Filipino consumers are ___, ___, ___, ___ and ___
- Youtube
2 Industry Associations
- Digital Commerce Association in the Philippines
- Philippine Retailers Association
the trading of goods and services on the internet
E-commerce
Digital storefront on the internet and facilitates the transaction between a buyer and seller
E-Commerce website
8 Types of e-commerce
- B2C [(businesses sell to individual consumers (end-users)]
- B2B ( Businesses sell to other businesses)
- C2B (Consumers sell to businesses)
- C2C (Consumers sell to other consumers)
- B2G (Businesses sell to governments or government agencies)
- C2G (Consumers sell to governments or government agencies)
- G2B (Governments or government agencies sell to businesses)
- G2C (Governments or government agencies sell to consumers)
Often the buyer resells products to the consumer.
B2B ( Businesses sell to other businesses)
most common model or type of e-commerce with many variations
B2C [(businesses sell to individual consumers (end-users)]
Three Distinct Methods of Conducting E-Commerce Today
- M-commerce
- Enterprise e-commerce
- Social media e-commerce
Online transactions that take place on mobile devices
M-commerce
M-commerce is known as
known as mobile commerce
buying and selling of products to large companies or organizations
Enterprise e-commerce
Benefits of E-Commerce
- Is growing rapidly
- Offers global marketing reach
- Provides the ease of ordering products online
- Generally involves lower operating costs
- Gives direct-to-consumer access
Challenges of E-commerce
- Limited face-to-face interaction
- Technical difficulties
- Data security can be a challenge
- Shipping and fulfilment at scale
aims to facilitate domestic and international transactions through the utilization of electronic mediums and technology to recognize the authenticity and reliability of electronic documents.
Republic Act 8792 or The Electronic Commerce Act of 2000
Republic Act 8792 or The Electronic Commerce Act of 2000 is signed by the former President ___
Joseph Ejercito Estrada
Former Secretary of the State
Oscar G. Gabe’s
Former Secretary General of the House of Representative
Roberto F. Nazareno
Former President of the Senate
Franklin M. Drilon
Former Speaker of the House of Representatives
Manuel B. Villar Jr.
Philippines has not yet to become an adept involved in electronic transactions, but the Philippines has passed laws such as ____ and ___
- Cybercrime Prevention Act
- Data Privacy Act
