Introduction to E-Business and E-Commerce

Question 1

What is E-Commerce?

Answer 1

SUBCATEGORY of E-BUSINESS (E-BUSINESS IS BIGGER)

Question 2

What is E-Business?

Answer 2

Business process that relies on electronic dissemination of information or automated transaction processing

Can be within or between organizations

Question 3

What is E-Commerce?

Answer 3

Narrower–> Transactions between organizations and trading partners.

Business-to-business (B2B)- processing of business transactions, EDI

Business-to-Consumers (B2C) Selling goods and services to consumers, usually relying and web-based technology

Business to Employees- Sharing information and interacting with employees

Business to Government- Contract, bidding, property disposal, audit procurement

Question 4

What are EC risks?

Answer 4

Availability/downtime

Privacy, security, and confidentiality

Authentication and nonrepudiation

Integrity

Question 5

What are risks of failing to implement EC?

Answer 5

Customers go elsewhere

Limited growth

Limited markets

Question 6

What are EC business models?

Answer 6

1) E-marketplace and exchanges
2) Viral marketing
3) Online direct marketing
4) E-tendering systems (proposals and bids that are needed)
5) Social networking