E-commerce Lecture Notes

Flashcards for reviewing key concepts in E-commerce.

Why study E-commerce?

Rapidly growing, Global impact, Hands-on Experience, and Career Versatility

What is E-Business?

Digital enabling of transactions and processes within a firm, involving information systems under firm’s control. Does not include commercial transactions involving an exchange of value across organizational boundaries

Mobile Platform

Technology is available anytime and everywhere

Cloud Computing

Delivery of computing services (storage, processing power, software). Allows businesses to scale on-demand without owning physical infrastructure

Internet of Things

Devices are connected and exchange data; physical objects that use the internet

Big Data

Vast amount of structured and unstructured data generated through digital actions

Blockchain

Decentralized and secure ledger technology that records transactions

Web3

Decentralized internet that leverages blockchain technology – Users have more control

Ubiquity is…

Technology is available anytime and everywhere

Global reach is…

Reaches across geographical boundaries

Universal Standards are…

Same technical standards for conducting e-commerce

Richness in the context of e-commerce is…

Communication can be more complex and contain more information

Interactivity is…

Two-way communication between parties

Information density is…

Information costs are reduced and quality is increased

Personalization/customization is…

Content can be tailored to the user’s needs

Social Technology is…

Technology supports user-generated content, user interaction, and collaboration

Business-to-consumer (B2C) is…

Businesses sell goods or services to consumers

Business-to-business (B2B) is…

Businesses sell goods or services to other businesses

Consumer-to-consumer (C2C) is…

Consumers trade goods or services with one another

Mobile e-commerce (M-commerce) is…

E-commerce enabled via mobile devices (smartphones or tablets)

Social E-commerce

E-commerce enabled by social networks

Local e-commerce

E-commerce aimed at engaging consumers based on their geographical location