Ebusiness and E commerce Flashcards
e business
Email marketing
builds and sells an online system that tracks inventory and triggers alerts at specific levels
just a matter of how business is conducted
e commerce
involves placing orders and making payments online
B2B
through website
ordering product, paying for product, delivering of product
four different types of ecommerce
B2C
B2B
C2B
C2C
C commerce
conversational commerce, through whatsapp or intimate mediums
how does c commerce relate to e commerce
Both C-commerce (conversational commerce) and E-commerce (electronic commerce) involve online buying and selling.
in the article it is mentioned that c commerce is more personalized, explain
Data Use: Tailoring based on user data.
NLP: Understanding and responding to user intent.
Recommendations: Suggesting relevant products.
AI: Predicting user preferences.
Profiles: Using detailed customer profiles.
Messaging: Sending personalized responses.
Social Media: Leveraging social data.
Voice Assistants: Personalizing voice interactions.
Omnichannel: Ensuring consistent experiences.
Real-Time: Adapting instantly to user behavior.
Venturing
Definition: Taking the risk to explore or start something new, often into unknown or uncertain territory.
Example: “She is venturing into a new career in tech, leaving her stable job in finance.”
Personal Realm:
Definition: The sphere of private life and personal activities, distinct from public or professional areas.
Example: “He prefers to keep his personal realm separate from his work life, sharing little about his family with colleagues.”
Encrypted
Definition: Data that is converted into a secure code to prevent unauthorized access.
Example: “All sensitive information transmitted over the internet should be encrypted to ensure privacy and security.”
Entrenched
Definition: Firmly established and difficult to change, often referring to habits, ideas, or positions.
Example: “The company’s entrenched policies have made it resistant to adopting new technologies.”
Rudimentary
Definition: Basic or elementary, involving only the most fundamental aspects.
Example: “The software is still in a rudimentary stage, with only basic functions available.”
Guise
Definition: An external appearance or manner that conceals the true nature or identity.
Example: “He approached the project under the guise of a consultant, though he was actually a company executive.”
Purveyor
Definition: A supplier or seller, particularly one who provides goods or services.
Example: “The local market is known for being a purveyor of fresh, organic produce.”