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State the definition of E-Commerce and E-Business
E-Commerce : Electronic financial transactions conducted through online networks such as the Internet, intranet and extranet
E-Business : All transactions including financial, business processes, information sharing and collaborations between businesses and individuals conducted over online networks.
E-Commerce is a subset of E-Business
What are the 4 Major E-Commerce Concept ?
Virtual E-Commerce
Brick and Mortar Organizations
Click-and-mortar Organizations
E-Marketplace
What is Virtual E-Commerce ?
Organizations that conduct their business activities solely on the web with no physical store.
What is Brick and Mortar Organizations ?
Organizations that exist only physically where all transactions are conducted at the physical location,
What is Click and Mortar Organizations ?
Organizations that incorporate some online elements such as online marketing or website in order to expand their market share and increase the sales which served as additional activities on top of the existing physical store.
What is E-Marketplace ?
The online location where buyers and sellers meet to exchange goods, services, information or money, be it a transactional website or electronic storefront, intranet, or extranet.
State some Major Trends in E-Commerce
The continuous growth of social media applications such as Facebook and Twitter.
The ascendance of mobile computing over PC platforms
Decrease in bandwidth prices as technologies improve
State some e-commerce revenue model
Transaction Fees
Subscription Fees
Affiliate Fees
State some limitation of E-Commerce
Security Concerns
Intangible Product Showcase
Conservative mentality
High Startup Cost
What are some of the Online Purchasing-Decision Tools ?
Price and quality comparison
Business rating sites
Trust verification sites
What is Social Commerce and some of its examples ?
The delivery of e-commerce activities and transactions via the social media environment, mostly using social networks and Web 2.0 software
Application
Crowdsourcing