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.

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2
Q

benefits of e-commerce

A

customising products significantly and receiving orders in a short time

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3
Q

e-commerce matrix/model

A

topic 10 slide 6

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4
Q

what percentage of global e-commerce was B2C and B2B

A
  • B2C: 18%
  • B2B: 82%
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5
Q

define B2B

A

trade between companies, operated over the internet

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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
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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
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8
Q

define B2C

A

type of trade that occurs between a company and a consumer, operated through the internet

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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
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10
Q

advantages of B2C for companies

A
  • lower costs
  • geographical expansion of market (global market)
  • better management of stocks
  • better service
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11
Q

advantages of B2C for consumers

A
  • lower prices
  • better service
  • analysis and comparative (across sellers)
  • access to new service or products
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