itec Flashcards
what does e-commerce mean?
electronic commerce
buying and selling goods and products over internet
e-commerce
invention of the very old notion of “buy and sell”
e-commerce
process of execution of commercial transactions electronically
e-commerce
brings some new technology and new capabilities to business the best-known idea in electronic commerce
e-commerce
has been Electronic Data Interchange (EDI)
e-commerce
2 types of data interchange
- No Electronic Data Interchange (NEDI)
- With Electronic Data Interchange (EDI)
it is a process that has no paper and no people involved
With Electronic Data Interchange (EDI)
it is a process that involves paper and people
No Electronic Data Interchange (NEDI)
the ability to use these technologies appeared in the late _____ and allowed business companies and organizations to send commercial documentation electronically
1970s
Commercial enterprise on the Internet was strictly prohibited until ____
1991
around ____ when the first internet online shopping started
1994
it took about ____ years to introduce security protocols
five (5)
end of ____, many European and American business companies offered their services through the World Wide Web
2000
Types of E-commerce Applications
- Business-to-Consumer
- Business-to-Business
- Consumer-to-Consumer
- Peer-to-Peer
- m-Commerce
activities that focus on retail transactions rather than activities conducted between two businesses
Business-to-Consumer
transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer
Business-to-Business
involves the electronically facilitated transactions between consumers through some third party
Consumer-to-Consumer
refers almost exclusively to computer-based systems of sharing information directly with others via the Internet. It employs a network to put individuals in direct contact with each other in some form
Peer-to-Peer
is short for mobile commerce
m-Commerce
It is used to refer to the growing practice of conducting financial and promotional activities with the use of wireless handheld device. the transactions may be conducted using cell phones, personal digital assistants and other hand held devices that have operate with Internet access
m-Commerce
example of Business-to-Consumer (B2C)
Amazon.com
a general merchandiser that sells consumer products to retail consumers
Amazon.com
example of Business-to-Business (B2B)
eSteel.com