E-Business and E-Commerce Lecture Notes

These flashcards focus on key terms and concepts from the lecture on E-Business and E-Commerce.

Electronic Commerce (e-commerce)

The process of buying, selling, transferring, or exchanging products, services, or information via computer networks, including the Internet.

E-Business (e-business)

A broader concept than e-commerce that includes servicing customers, collaborating with partners, and performing electronic transactions within an organization.

B2C (Business-to-Consumer)

A type of electronic commerce where the sellers are organizations and the buyers are individuals.

B2B (Business-to-Business)

A form of electronic commerce where both sellers and buyers are business organizations.

C2C (Consumer-to-Consumer)

A type of commerce where individuals sell products or services to other individuals.

E-Government

The use of Internet technology and e-commerce to deliver information and public services to citizens.

M-Commerce (Mobile Commerce)

E-commerce that is conducted entirely in a wireless environment.

Social Commerce

The delivery of electronic commerce activities and transactions through social computing.

Conversational Commerce

Use of messaging and chat apps for electronic commerce, providing personalized choices of products or services.

Electronic Retailing (e-tailing)

The direct sale of products and services through electronic storefronts or electronic malls.

Forward Auctions

A competitive auction where sellers solicit bids from potential buyers, with prices tending to increase.

Reverse Auctions

An auction type where a buyer seeks to purchase a product, leading to a decrease in prices over time.

E-Storefronts

Websites that represent a single online store.

E-Malls

A collection of individual shops grouped under a single Internet address.

Disintermediation

The elimination of intermediaries in a supply chain.

Cyberbanking

Banking services conducted online.

Permission Marketing

A marketing method where businesses obtain consent to send marketing messages.

Domain Squatting

The practice of registering domain names with the intent to profit from the goodwill of someone else's trademark.