Quiz Flashcards
Defined as the use of the internet to network and empower business processes,electronic commerce,organizational communication
Electronic business or e-business
Is the buying and selling ,marketing and servicing of products and services via computer networks.
E-commerce
It is best described as a subset of e-business.
E-commerce
Are an important part of the business.
Online sales
Types of E-models
1.portal model
2.electronic retailing (e-tailing)
3.auction model
4.bartering model
5.group buying
6.infomediary model
7affiliate revenue model
8.subscription model
This business model sells its product to an intermediate buyer who then sells the product to the final customer.
Business to business (B2B)
This business model,the business sells its product directly to a consumer.
Business to consumer (B2C)
Consumer helps consumers to sell their assets like residential property,cars,motorcycles or rent a room by publishing their information on the website.
Consumer to consumer
It involves customers selling their services or products to business. It is roughly the same as a sole proprietorship serving a larger business.
Consumer to business
It is a variant to B2B model,such websites are used by governments to trade and exchange information with various business organization.
Business to government (B2G)
Governments use G2B model websites to approach business organization.
Government to business (G2B)
Use B2C websites to approach citizen in general.
Government to citizen
It is designed to help firms add value to customers and achieve objectives.
Business model
Impacts f electronic business on many areas of business disciplines
1.management information systems
2.human resource management
3.finance and accounting
4.economics
5.production and operations management
6.marketing
7.computer sciences
8.business law and ethics
Impacts of E-business to business
1.product promotion
2.local and international pressence
3.new sales channel
4.direct savings
5.reduced cycle time
6.mass customization
7.digitalization of products and processes
8.customer service