E-Commerce

grade 10 - e-commerce

Entrepreneur

One who organizes, manages, and assumes the risks of a business or enterprise.

Reputation

recognition by other people of some characteristic or ability.

Pierre Omidyar

founded e- Bay as "auction web.

B2B

Business to Business (________): electronic trade that takes place between companies.

Online Shopping

Buying and selling goods on the internet.

Jeff Bezos

launched Amazon, the largest online retailer.

Peer

________ to ________ (P2P): the most preferred mode of sharing information because it allows computer terminals in a network to hook up without having to go through a central web server.

Napster

1999: ________, a P2P file sharing website, was launched.

Browser

computer interface used to access the internet.

Larry Paige

1998: Google was created by ________ and Sergey Brin.

recognizable form of ecommerce

Business to Consumer (B2C): the simplest and most ________.

Consumer

________ to Business (C2B): Rapidly growing trend in e- commerce.

Enterprise

________: a project or undertaking that is especially difficult or risky.

Service

Non- physical, intangible product given by someone with a particular field.

Electronic Payments

empower virtually everybody to participate in and benefit from e- commerce.

Mode of selling

is known as electronic tailing or e- tailing.

Mobile Commerce (M-commerce)

"ecommerce on the go- "all business transactions are carried out using a portable device instead of a stationary computer.

Online Entrepreneur

needs to have the quality of entrepreneurship and the capability to function online.

Business Process

integral elements that make e- commerce workable.

Businessman

one who transacts business; a business executive.

E-commerce

all form of business transactions conducted electronically over computer networks, the internet in particular

Digital goods

computer software

E-business

any business that applies internet technologies in its operation

E-commerce

the exchange of goods and services that takes place between or among these businesses

Business to Business (B2B)

electronic trade that takes place between companies

Business to Consumer (B2C)

the simplest and most recognizable form of ecommerce

Consumer to Business (C2B)

Rapidly growing trend in e-commerce

Consumer to Consumer (C2C)

The egalitarian side of e-commerce

Peer to Peer (P2P)

the most preferred mode of sharing information because it allows computer terminals in a network to hook up without having to go through a central web server

Online Shopping

Buying and selling goods on the internet

Electronic Payments

empower virtually everybody to participate in and benefit from e-commerce

Internet Banking

An entire gamut of banking services has been made available online

Online Booking and Ticketing

Any kind of ticket can be booked online

Electronic Data Interchange (EDI)

large companies were already transacting electronically using a networking technology

Electronic Funds Transfer (EFT)

move huge amounts of money digitally

1979

Michael Aldrich, a British innovator, built videotex, platform for online shopping

1982

France Telecom introduced Minitel, became a big hit

1987

Swreg created the first online merchant account to help software developers sell their solutions

1990

Tim-Berners Lee created World Wide Web

1994

Netscape release Navigator, a graphical browser that used an encryption system for secure online transaction

1997

Dell became the first company to reap 1M sales

1998

Google was created by Larry Paige and Sergey Brin

1999

Napster, a P2P file sharing website, was launched

2000

dot-com bubble burst

Dot-Com Bubble

the unjustified enthusiasm over Internet-based companies

2002

Paypal was acquired by e-Bay for 1.5M

2006

Google bought Youtube

2007

Adwords earned 21B in revenues

2009

Yahoo

2010

Groupon, a group buying website rejected a 6B from Google

2011

GSI Commerce was acquired by eBay for 200B

Group Buying or Collective Buying

prices are reduced when a minimum number of buyers make the purchase

Facebook Commerce/ F-commerce

buying and selling through Facebook

Private Sample Sale

the hottest area in online retailing

Sample Sale

selling sample Merchandise

Browser

computer interface used to access the internet

World Wide Web

system linked hypertext documents

Online Entrepreneur

needs to have the quality of entrepreneurship and the capability to function online

Business

a commercial or industrial enterprise

Enterprise

a project or undertaking that is especially difficult or risky

Good

actual, physical item or object

Service

Non-physical, intangible product given by someone with a particular field

Businessman

one who transacts business; a business executive

Entrepreneur

One who organizes, manages, and assumes the risks of a business or enterprise

Economies of Scale

the increase in efficiency of production as the number of good being produced increases

Reputation

recognition by other people of some characteristic or ability