3- E-business

What is E-business

Involves conducting business on the internet

Write about the different forms of E-commerce

• Business to Business: often utilize automated processes and technologies like EDI to lower costs and improve accuracy

• Business to Consumer: Businesses selling products or services directly to individual end-user consumers, with Amazon serving as a primary example

• Consumer to Consumer: between private individuals with no middle business people involved, facilitated by web-based auction sites like eBay

• Consumer to business: consumers provide value to a business, such as the process used for purchasing airline tickets

Write about the Michael Porters Value Chain

• A series of activities designed to meet business needs by adding value or cost in each phase of a process

• Consists of primary activity and support activity

Differentiate between E-commerce and traditional commerce

• Traditional commerce: Relies on magazines, regular mail and printed forms for information and orders

• E-commerce: Uses websites, email and online catalogues

What are the various advantages and disadvantages of E-commerce

• Advantages

  • 24/7 global operation

  • price transparency

  • enhanced relationships

• Disadvantages

  • Security and privacy issues

  • challenges of accessibility and acceptance

List down some of the categories in E-business

• E-banks

• E-trade

• E-consulting

• E-engineering

• E-learning

• E-mail