MIS Chapter 8 Flashcards
What does E-business encompass?
All the activities a company performs in selling and buying products and services using computers and communication technologies
What is E-commerce?
Buying and selling goods and services over the internet
Who introduces the value chain concept in 1985?
Michael Porter
What is the movement of materials and parts from suppliers and vendors to storage facilities?
Inbound Logistics
What is processing raw materials into finished goods and services?
Operations
Click-and-brick e-commerce
Capitalizes on the advantages of online interaction while retaining the benefits of a having a physical store location
Define E-commerce
E-commerce uses the internet to sell goods and services
What is the brokerage model?
This model brings sellers and buyers together on the Wen and collects commissions and transactions between parties
Define Business-to-consumer E-commerce
Involves using the internet to sell directly to consumers
Define Business-to-business E-commerce
involves electronic transaction between businesses
What is E-procurement?
Enables employees in an organization to order and receive supplies and services directly
What concentrates on a specific industry or market such as utility indusctries?
Vertical markets
What concentrates on a specific function or business process?
Horizontal Markets
What uses voice recognition and text-to-speech tecnologies?
Voice-based E-commerce
What is an electronic payment?
A transaction in which money or scrip is exchanged electronically
