E-Business and E-Commerce Concepts

These flashcards cover key terms and concepts related to E-Business and E-Commerce as discussed in the lecture notes.

E-Commerce

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

E-Business

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

Business-to-Consumer (B2C)

The model where organizations sell products or services directly to individual consumers.

Business-to-Business (B2B)

The model where both the sellers and buyers are business organizations.

Consumer-to-Consumer (C2C)

A model where individuals sell products or services to other individuals.

Mobile Commerce (m-commerce)

E-commerce conducted via mobile apps and devices.

Social Commerce

A subset of e-commerce that utilizes social media platforms to facilitate buying and selling.

Electronic Auction

A mechanism for competitive buying and selling, which can be forward or reverse auctions.

Electronic Catalogs

A digital version of traditional print catalogs that lists products or services in a searchable format.

Cybersquatting

The practice of registering domain names with the intention of profiting from a trademark or goodwill of another entity.

Channel Conflict

A situation where a company faces internal disputes among its sales channels, particularly when they compete with each other.

Personalized Pricing

Pricing items based on a customer's perceived ability to pay, often using data analysis.

Fraud on the Internet

Online criminal activities, including identity theft and financial fraud, commonly associated with e-commerce.

Privacy Threats

Concerns related to the storage and tracking of personal information of customers in e-commerce.