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BSE > Week 1 > Flashcards

Week 1 Flashcards

1
Q

E-commerce definition

A

Activity of selling or buying products digitally over the internet

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2
Q

E-business definition

A

Digitally enabling transactions and processes within a firm

Involving IS under the control of the firm

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3
Q

Involves the use of ERP, CRM that connects different business process

A

E-business

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4
Q

Buying, selling products digitally

A

E-commerce

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5
Q

Digitally enabled transactions and process within a firm

Information system under control of the firm

A

E-business

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6
Q

Does not involve commercial transaction

A

E-business

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7
Q

E-business Activities

A

Drop shipping
Customer management
Online store setup
Marketing
Shipping
Payment options
Invoicing and packaging
Pricing manipulations
Order management
Global trending
Digitizer products store

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8
Q

E-business Platform

A

ERP
CRM
XML/EDI
EAI
B2Bi
CMS

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9
Q

E-commerce Unique Feature

A

Social Technology
Interactivity
Information richness
Information density
Ubiquity
Global reach
Universal standard
Personalization/Customization

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10
Q

Marketspace

A

Website
Platform

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11
Q

Marketplace

A

Store

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12
Q

History timeline

A

1995 - 2000 Innovation/Invention
2001 - 2006 Consolidation
2007 - Reinvention

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13
Q

When EC started

A

1970

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14
Q

How EC started

A

Larger corporations create private networks to share information with business and suppliers

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15
Q

What does EDI do

A

Standardize transmitted data
Streamlined procurement process
Eliminated paperwork and human intervention

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16
Q

Types of EC

A

B2C
B2B
C2C
C2B
B2G
P2P
M
Social
Local

17
Q

Social Technology

A

User content generation and social network

18
Q

Global reach

A

Reaches across national boundaries
Around the earth
Marketspace

19
Q

Interactivity

A

2 way communication between consumer and merchant

20
Q

Personalization/Customization

A

Targeting marketing messages to a person based on their interest

21
Q

Universal standard

A

Only one set of standards

22
Q

Information richness

A

Complexity
Audio, video, text

23
Q

Information density

A

Amount and quality of information

24
Q

Ubiquity

A

Available everywhere, anywhere, all the time
Marketspace, website

25
Q

B2C

A

Retail
Walmart, Amazon

26
Q

B2B

A

Transaction of goods between companies
Producers, wholesalers

27
Q

C2C

A

Transaction of goods between consumers through 3rd party platform
Ebay, Craiglist

28
Q

C2B

A

Consumers make products or service
Crowd sourcing based
Stock Photos, company logo

29
Q

B2G

A

Professional affairs between companies and governing bodies
Contracted work

30
Q

P2P

A

Between the consumer but no 3rd party involvement

31
Q

Mobile

A

Commercial transactions carried out using wireless mobile devices

32
Q

Social

A

EC enabled by social networks and online social relationships

33
Q

Local

A

Engaging with consumers based on their geographical location

BSE (1 decks)

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