Studied by 2 people
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
