week 10 - new trends in foreign trade Flashcards
1
Q
what is e-commerce
A
using electronic means for commercial transactions, e.g. delivery tracking, online sales, budgeting online etc.
2
Q
benefits of e-commerce
A
customising products significantly and receiving orders in a short time
3
Q
e-commerce matrix/model
A
topic 10 slide 6
4
Q
what percentage of global e-commerce was B2C and B2B
A
- B2C: 18%
- B2B: 82%
5
Q
define B2B
A
trade between companies, operated over the internet
6
Q
types of B2B e-commerce
A
- market controlled by the seller in search of buyers
- market controlled by the buyer seeking suppliers
- market controlled by intermediaries who seek agreement among sellers and buyers
7
Q
advantages of B2B
A
- reduction of costs and expansion of the firms market
- quick transactions
- centralisation of supply and demand operations (more control of purchases)
- information of buyers, sellers, products and prices in a common place
8
Q
define B2C
A
type of trade that occurs between a company and a consumer, operated through the internet
9
Q
types of B2C e-commerce
A
- through online intermediaries: companies facilitate transactions between buyers and sellers
- model based on advertising
- models of marketplace (e-markets)
- models based on subscriptions
10
Q
advantages of B2C for companies
A
- lower costs
- geographical expansion of market (global market)
- better management of stocks
- better service
11
Q
advantages of B2C for consumers
A
- lower prices
- better service
- analysis and comparative (across sellers)
- access to new service or products