E-Business and E-Commerce Overview

A collection of 80 vocabulary flashcards from the lecture on E-Business and E-Commerce to aid study and review.

Database Protection

Measures to protect against errors like overlapping updates and component failures.

Audit Trail

Record of all transactions that need to be maintained.

Batch Processing

Collecting data from transactions and processing them in groups at intervals.

Online Transaction Processing (OLTP)

Real-time processing of business transactions as they occur.

Functional Area Information Systems (FAIS)

Systems that support specific functional areas in an organization.

Electronic Commerce (E-Commerce)

Buying, selling, transferring, or exchanging products or services via computer networks.

Organizational Reach

The number of potential customers reachable by a company's marketing.

E-Business

A broader concept involving electronic commerce and internal organizational transactions.

Bricks-and-Mortar Organizations

Physical organizations where products and processes are physical.

Virtual (or Pure Play) Organizations

Organizations that operate entirely online with no physical presence.

Clicks-and-Mortar Organizations

Businesses that operate both online and in physical locations.

B2C E-Commerce

Business to Consumer transactions conducted online.

B2B E-Commerce

Business to Business transactions conducted online.

C2C E-Commerce

Consumer to Consumer transactions, often through platforms like eBay.

E-Government

Use of Internet technology to deliver services to citizens and businesses.

Electronic Catalog

A digital listing of products available for sale.

Electronic Auctions

Bidding processes conducted online to determine the selling price.

Forward Auction

Auction type where sellers list items and the highest bidder wins.

Reverse Auction

Auction type where buyers request bids and the lowest bid wins.

Electronic Marketplace

A virtual space where buyers and sellers conduct business activities.

Electronic Payment Mechanisms

Systems allowing electronic payment for goods and services.

Electronic Cheque

Digital version of a paper cheque used primarily in B2B transactions.

Electronic Credit Cards

Cards allowing customers to make online purchases charged to their account.

Purchasing Cards

B2B equivalent of electronic credit cards for business transactions.

Stored-Value Money Cards

Cards that hold a prepaid amount of money for transactions.

Smart Cards

Cards embedded with a chip for storing information and processing transactions.

Digital Wallets

Applications for making online payments from devices or smartphones.

Telecommunications Bandwidth

The capacity of a network to transmit data, often limited in less-developed areas.

Security Standards

Agreed protocols for securing online transactions, often lacking universally.

Benefits of E-Commerce

Increased market accessibility and reduced operational costs.

Limitations of E-Commerce

Challenges such as security issues and bandwidth limitations.

Real-Time Processing

Immediate processing of transactions as they occur.

Data Source Automation

Automatic data entry through devices or sensors.

Internal Efficiency

Improving productivity within a specific functional area.

Online Business Models

Emerging structures for conducting transactions over the internet.

B2E Model

Business to Employee; providing services and information internally to employees.

E-Malls

A collection of various online stores in one platform.

E-Storefronts

Digital venues for selling products directly to consumers.

Competitive Bidding

The process of bidding competitively for products or services.

Microprocessor Cards

Cards that contain chips for processing and storing information.

Mobile Payment Systems

Payment methods that utilize smartphones to complete transactions.

QR Code Payments

Transactional method using quick response codes for payments.

International Market Accessibility

Ability to reach global consumers via online channels.

Operational Cost Reduction

Decreasing expenses related to running a business.

Information Distribution

Process of disseminating information efficiently through technology.

Consumer Access

The ability for customers to reach products and services anytime.

Business Infrastructure

The organizational framework necessary for conducting e-commerce.

E-Service Collaboration

Working with partners and customers through electronic means.

E-Transactions

Electronic processes for conducting business transactions.

Data Processing Methods

Ways of handling data, either in batches or online.

Customer Engagement

Interactivity and relationship-building with customers through online platforms.

Market Competition

The rivalry among businesses in the e-commerce landscape.

Digital Transformation

The shift from traditional to online business operations.

Cost Efficiency

Reduction of costs associated with business processes.

Electronic Business Models

Frameworks for conducting business electronically.

Transnational Accessibility

Ability for businesses to interact with customers across borders.

E-Procurement

Procurement processes conducted electronically.

Data Collection Methods

Approaches used for gathering data from various sources.