My Family

My Family

Tuesday, 24 September 2013



>>>  The internet is a powerful channel that presents new opportunities for organization to;
     Ø  Touch customers.
     Ø  Enrich products and services with information.
     Ø  Reduce costs.

>>>  How do E-Commerce and E-Business differ?
     Ø   E-Commerce – the buying and selling of goods and services over the internet.
     Ø  E-Business – the conducting of business on the internet including, not only buying and selling, but also serving customers and collaborating with business partners.



>>>  E - Business Model – An approach to conducting electronic business on the Internet: 


>>>  Electronic marketplace (E market place) – interactive business communities providing a central market where multiple buyers and sellers can engage in e business activities. 


>>> Common B2C E-Business Models include;
~  E-Shop – A version of retail store where customers can shop at any hour of the day without leaving their home or office.
~  E-Mall – Consists of a number of e shops; it serves as a gateway through which a visitor can access other e shops.

>>> Business types;
~  Brick-and-mortar business.
~  Pure-play business.
~  Click-and-mortar business.


>> is an example of a C2B e business model.
>>  The demand for C2B e business will increase over the next few years due to customer’s desire for greater convenience and lower prices.


>>  Online auctions:
~  Electronic Auction (E auction) – Sellers and buyers solicit consecutive bids from each other and prices are determined dynamically.
~  Forward Auction – Sellers use as a selling channel to many buyers and the highest bid wins.
 Reverse Auction – Buyers use to purchase a product or service, selecting the seller with the lowest bid.

>>  C2C communities include:
~  Communities of Interest – People interact with each other on specific topics, such as golfing and stamps collecting.
 Communities of Relations – People come together to share certain life experiences, such as cancer patients, senior citizens, and car enthusiasts.
~  Communities of Fantasy – People participate in imaginary environments, such as fantasy football teams and playing one-to-one with Michael Jordan.


>>>  E- business benefits include;
~  Highly accessible.
~  Increased customer loyalty.
~  Improved information content.
~  Increased convenience.
~  Increased global reach.
~  Decreased cost.

>>>  E- business challenges include;
=  Protecting consumers.
=  Leveraging existing systems.
=  Increased liability.
=  Providing security.
=  Adhering to taxation rules.

>>>  There are numerous advantages and limitations in e business revenue models including;
~>  Transaction fees.
~>  License fees.
~>  Subscription fees.
~>  Value-added fees.
~>  Advertising fees.


>>>  Web mash up – A Web site or Web application that uses content from more than one source to create a completely new services:
=>  Application programming interface (API) – A set of routines, protocols, and tools for building software applications.
=>  Mash up editor – WSYIWYGs (What You See Is What You Get) for mash ups .

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