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E-COMMERCE Flashcards

1
Q

is the need for the exchange of goods and services between two or more entities physically.

A

COMMERCE

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2
Q

Refers to business transactions or information exchange, as well as buying and selling products from person to person.

A

TRADITIONAL COMMERCE

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3
Q

Traditional street-side business that sells goods and services to its customers face-to-face in an o ce or store that the business owns or rents

A

BRICK AND MORTAR

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4
Q

companies and individuals that buy and sell goods and services over the internet using technology such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT).

A

E-COMMERCE

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5
Q

includes buying and selling goods and services online.

A

DIGITAL COMMERCE

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6
Q

is the act or process of selling products via an internet or mobile app, auction site, online classified advertisement, online shop, social networking, social media or web shop.

A

ONLINE SELLING

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7
Q

is the structured transmission of data between organizations by electronic means. It is used to transfer electronic documents or business data from one computer system to another computer system.

A

ELECTRONIC DATA INTERCHANGE

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8
Q

is the electronic exchange or transfer of money from one account to another.

A

ELECTRONIC FUND TRANSFER

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9
Q

refers to any business that applies internet technologies in its operation. Conducting all business operations using digital technology.

A

E-BUSINESS

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10
Q

is the process of buying and selling of goods and services online.

A

E-COMMERCE

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11
Q

WHAT YEAR: Electronic Data Interchange (EDI) was developed, allowing businesses to exchange documents electronically.

A

1960s

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12
Q

Who built the 1st online shopping platform using videotex.

A

MICHAEL ALDRICH

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13
Q

became the 1st online marketplace, selling used computers.

A

BOSTON COMPUTER EXCHANGE

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14
Q

invented the World Wide Web, paving the way for e-commerce websites.

A

TIM-BERNERS LEE

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15
Q

What does the Netscape introduced in 1994 for securing online payments.

A

SSL ENCRYPTION

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16
Q

WHAT YEAR: Amazon and eBay were launched, revolutionizing online retail and auctions.

A

1995

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17
Q

WHAT YEAR: PayPal was founded, making online payments more secure and convenient.

A

1998

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18
Q

WHAT YEAR: Alibaba launched, becoming a major B2B e-commerce platform.

A

1999

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19
Q

WHAT YEAR: bubble dot-com bubble burst, but strong e-commerce players survived.

A

2000

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20
Q

WHAT YEAR: Amazon Prime was introduced, offering fast shipping and boosting online shopping.

A

2005

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21
Q

WHAT YEAR: Apple App Store launched, paving the way for mobile commerce (m-commerce).

A

2008

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22
Q

WHAT YEAR: Bitcoin was introduced, opening possibilities for crypto currency transactions.

A

2009

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23
Q

WHAT YEAR: Instagram and Pinterest launched, influencing online shopping trends.

A

2010

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24
Q

WHAT YEAR: Google Wallet launched, enhancing digital payments.

A

2011

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25
WHAT YEAR: Amazon launched Alexa, integrating AI into shopping experiences.
2015
26
WHAT YEAR: Shopify grew, enabling businesses to set up online stores easily.
27
WHAT YEAR: TikTok gained popularity, later influencing social commerce.
2018
28
WHAT YEAR: e COVID-19 pandemic accelerated online shopping, with grocery delivery and e-learning surging.
2020
29
WHAT YEAR: Live streaming e-commerce became a major trend in China and expanded globally.
2021
30
WHAT YEAR: Metaverse shopping and AI-powered recommendations gained traction.
2022
31
WHAT YEAR: TikTok Shop and social commerce grew significantly, changing how people shop online.
2023
32
WHAT YEAR: Trends like voice commerce, drone deliveries, AI-driven personalization, and blockchain-based transactions continue to shape the future
2024 & BEYOND
33
refers to electronic trade that takes place between companies.
BUSINESS TO BUSINESS [B2B]
34
Consumers are not involved. Producers buying components from suppliers and manufacturers selling finished goods to distributors.
BUSINESS TO BUSINESS [B2B]
35
B2C is the simplest and most recognizable form of e-commerce.
BUSINESS TO CONSUMER
36
Direct trade between companies and consumers.
BUSINESS TO CONSUMER
37
where individuals (consumers) create value that businesses consume.
CONSUMER TO BUSINESS
38
Complete reversal of the traditional sense of exchanging goods.
CONSUMER TO BUSINESS
39
are given a venue to trade among themselves. It is not required to set up a proper business to sell.
CONSUMER TO CONSUMER
40
Anybody can sell anything. Mainly focuses on buying and selling goods or services between consumers.
CONSUMER TO CONSUMER
41
decentralized exchange of goods, services, or information directly between individuals, without the involvement of a central authority or business intermedia.
PEER TO PEER
42
Often facilitated by digital platforms that connect users. Focus on sharing or lending resources, services, or data. Examples are riding apps, lending apps, etc
PEER TO PEER
43
WHAT ARE THE BUSINESS MODELS
BUSINESS TO BUSINESS BUSINESS TO CONSUMER CONSUMER TO BUSINESS CONSUME TO CONSUMER PEER TO PEER
44
refers to the process of selling goods and services over the internet. It is a major component of e-commerce and allows businesses to reach customers digitally rather than through physical stores.
E-TAILING
45
E-commerce cannot work if there is no mechanism for making and accepting payments.
ELECTRONIC PAYMENTS
46
TYPES OF ELECTRONIC PAYMENTS
- Credit & Debit Cards - E-Wallets (Digital Wallets) - Online Banking & Fund Transfers - Payment Gateways - QR Code Payments - Cryptocurrency Payments - Contactless Payments (NFC). - Buy Now, Pay Later (BNPL)
47
Buying, selling, and conducting financial transactions through mobile devices like smartphones and tablets.
MOBILE COMMERCE (M-COMMERCE)
48
It is a growing segment of e-commerce, enabling users to shop, pay bills, transfer money, and more through mobile apps and websites. Mobile-friendly apps for shopping like Shopee and Lazada
MOBILE COMMERCE (M-COMMERCE)
49
is an order fulfillment method where the seller does not keep inventory.
DROPSHIPPING
50
the order is sent to a third-pay supplier who ships the product directly to the customer.
DROPSHIPPING
51
handle inventory storage, packing, and shipping on behalf of e-commerce businesses.
FULFILLMENT SERVICES
52
refers to promoting goods or services using online channels,
DIGITAL MARKETING
53
focuses on building relationships with customers to increase loyalty and sales. Both are essential for e-commerce and online businesses.
CUSTOMER ENGAGEMENT
54
BENEFITS OF E-COMMERCE
GLOBAL REACH DATA-DIVEN DECISIONS 24/7 AVAILABILITY LOWER COSTS
55
STUDY BUSINESSMAN VS ENTREPRENEUR
OKIE
56
involves using digital tools, social media, and e- commerce platforms to launch and grow businesses.
ONLINE ENTREPRENEURSHIP
57
It is driven by a tech-savvy youth population, growing gig economy, and increasing mobile usage.
ONLINE ENTREPRENEURSHIP
58
A Filipino entrepreneur and social media personality, best known as the founder and CEO of Colourette Cosmetics
NINA ELLAINE DIZON
59
Created a sustainable fashion brand empowering local artisans (RAGS2RICHES)
REESE FERNANDEZ-RUIZ
60
Built a retail empire and adapted to e-commerce with ShopSM
HENRY SY
61
an Austrian economist.
JOSEPH SCHUMPETER
62
States that entrepreneurs drive economic growth by introducing innovations that disrupt existing markets and create new opportunities.
SCHUMPETER'S INNOVATION THEORY
63
was a Filipino food scientist, chemist, and war hero who is best known for inventing banana ketchup and other food innovations that helped sustain Filipinos during war time.
MARIA OROSA (1893-1945)
64
explains how entrepreneurs identify and develop business opportunities.
OPPORTUNITY RECOGNITION THEORY
65
It suggests that opportunities exist independently or are created by entrepreneurs who recognize and act on them.
OPPORTUNITY RECOGNITION THEORY
66
Saw the need for cashless transactions and created fintech solutions for Filipinos
GCash & PayMaya:
67
WHO INTRODUCE LEAN STARTUP METHODOLOGY
ERIC RIES
68
is an approach to building businesses and products efficiently and effectively by minimizing risk and maximizing learning.
LEAN STARTUP METHODOLOGY
69
It focuses on rapid experimentation, customer feedback, and iterative development rather than spending years performing a product before launch
LEAN STARTUP METHODOLOGY
70
refers to any kind of business activity conducted over the internet.
ONLINE BUSINESS
71
This can include e - commerce, digital marketing, online services, and other forms of internet - based commercial activities.
ONLINE BUSINESS
72
an online shop that sells physical or digital products directly to consumers
E-COMMERCE STORE
73
a retail model where sellers list products online but rely on third-party suppliers for inventory and shipping.
DROPSHIPPING BUSINESS
74
a platform where multiple sellers list their products for buyers to purchase.
ONLINE MARKETPLACE
75
a business that customizes and prints products like T-shirts, mugs, phone cases only after receiving an order.
PRINT-ON-DEMAND BUSINESS
76
sell custom-designed merchandise.
PRINT-ON-DEMAND BUSINESS
77
a business model where customers pay a recurring fee to access products or services.
SUBSCRIPTION-BASED BUSINESS
78
earning commissions by promoting other companies’ products through referral links or content.
AFFILIATE MARKETING
79
professionals offer personalized advice, training, or coaching through virtual platforms.
ONLINE COACHING & CONSULTING
80
selling educational materials, training, or courses online.
DIGITAL COURSE & E-LEARNING BUSINESS
81
writing blogs, creating videos, or producing digital content that earns through ads, sponsorships, or affiliate marketing.
BLOGGING & CONTENT CREATION
82
creating video content and monetizing through ads, sponsorships, and memberships.
YOUTUBE CHANNEL / VLOGGING
83
building an online following and earning through brand sponsorships, collaborations, and exclusive content.
SOCIAL MEDIA INFLUENCING
84
providing professional services like writing, graphic design, web development, and virtual assistance.
FREELANCING & REMOTE SERVICES
85
buying products at a lower price and reselling them online for profit.
ONLINE RESELLING & BUY AND SELL
86
creating and selling mobile applications for various industries
MOBILE APP DEVELOPMENT
87
offering software solutions on a subscription basis.
SOFTWARE AS A SERVICE
88
CHALLENGES OF ONLINE BUSINESS
- High Competition - Building Customer Trust - Logistics and Delivery Issues - Digital Payment Challenges - Changing Online Trends - Cybersecurity and Data Privacy Risks - Customer Service and Returns
89
OPPORTUNITIES OF ONLINE BUSINESS
- Low Startup Costs - Flexible Work Setup - Data-Driven Decisions - Diverse Revenue Streams - Scalability - Emerging Digital Solutions
90
LEGAL ASPECTS FOR SOLE PROPRIETORSHIPS
DEPARTMENT OF TRADE AND INDUSTRY
91
If you are running a small online business under your name, you need to register your Business Name with the DTI.
DEPARTMENT OF TRADE AND INDUSTRY
92
Howm many years is the registration valid?
5 years
93
Registration can be done online via?
BUSINESS NAME REGISTRATION SYSTEM
94
DTI REQUIREMENTS
At least 18 years old (or a minor with parental consent) A unique business name Payment of registration fees (₱200 - ₱2,000 depending on business scope)
95
LEGAL ASPECTS FOR CORPORATIONS AND PARTNESRHIPS
SECURITIES AND EXCHANGE COMMISSION
96
required for bigger businesses, such as those seeking investors or planning to scale.
SECURITIES AND EXCHANGE COMMISSION
97
LEGAL ASPECTS FOR MAYOR'S PERMIT AND BARANGAY CLEARANCE
LOCAL GOVERNMENT UNIT
98
After DTI or SEC registration, you must secure Barangay Business Clearance, Mayor’s Business Permit, and Fire Safety Inspection Ce i cate.
TANDAAN
99
FOR TAX REGISTRATION
BEREAU OF INTERNAL REVENUE
100
Online sellers must issue Official Receipts and Sales Invoices to customers.
TRUE
101
: Online businesses that collect customer data (name, email, address) must: Secure customer information from leaks and hacking. Not sell or misuse personal data without consent. Follow NPC (National Privacy Commission) guidelines. : If you run an online store and collect customer addresses for delivery, you must not share this information without consent.
Data Privacy Act of 2012 (RA 10173)
102
: Online businesses must disclose: Business name and contact details Product details and prices Refund and return policies : A Facebook live seller must show the actual product price and offer a fair return policy.
E-Commerce Protection Under the Consumer Act (RA 7394)
103
EQUATION FOR BUSINESS SUCCESS OLD WAY
MONEY X MEDIA = BUSINESS
104
EQUATION FOR BUSINESS SUCCESS NEW WAY
TIME X MEDIA = BUSINESS
105
WHO IS YOUR TARGET MARKET
MARKET = P (POPULATION) + PP (PURCHASING POWER) + PN (PURCHASING NEED)

MIDTERM (3 decks)

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