Lesson_Plan_1_Rev_2.0_Introduction_to_E-commerce

What are the key features of E-commerce?

Digital Transactions, Global Reach, Convenience, Personalization, Various Models (B2B, B2C, C2C, D2C).

When did E-commerce originate and what was its early development?

It originated in the 1960s with the development of EDI (Electronic Data Interchange).

What was the significance of the first online transaction in E-commerce?

The first online transaction occurred in 1994, involving a CD sale on NetMarket.

Which companies were pioneers in E-commerce?

Amazon and eBay, both launched in 1995.

How did PayPal impact E-commerce?

Established in 1998, it revolutionized online payment systems.

What was the global e-commerce sales figure in 2023?

Global e-commerce sales reached $5.7 trillion.

What percentage of total global retail sales does e-commerce account for?

E-commerce accounts for 20% of total global retail sales.

What are the main benefits of E-commerce?

Cost-Effective, Efficient Operations, Improved Customer Insights, Faster Transactions.

What are some challenges of E-commerce?

Security Concerns, Logistics, Competition, Digital Divide.

What does B2C stand for in E-commerce?

Business-to-Consumer.

What is the difference between B2B and C2C in E-commerce?

B2B involves transactions between businesses, while C2C involves consumers trading goods or services with other consumers.

Name a revenue model in E-commerce that relies on recurring payments.

Subscription-Based.

What is the purpose of a marketplace model in E-commerce?

To connect buyers and sellers through a platform.

What role does AI play in E-commerce?

AI is used for recommendation systems and customer interactions, enhancing user experience.

Define Augmented Reality (AR) in E-commerce.

Overlays digital elements on the real world, enhancing reality.

What is one of the emerging trends in E-commerce related to payment options?

Buy Now, Pay Later (BNPL) is a popular payment option.

What ethical consideration pertains to data management in E-commerce?

Data Privacy, handling customer data responsibly and complying with regulations like GDPR.

What is 'Hyper-Personalization' in E-commerce?

Advanced analytics provide tailored shopping experiences.

What technological advancement promises to revolutionize logistics in E-commerce?

Quantum Computing has the potential to revolutionize logistics and supply chain management.