E-commerce; new ways of doing business

10 important questions on E-commerce; new ways of doing business

What is a protocol?

A protocol is an agreed-upon set of rule or conventions governing communication among the elements of a network

What is eleketronic commerce (e-commerce) ?

An online exchange of value, specificer; distributing, buying, selling, marketing and servicising products and services over comptuer networks such as the internet

What are the anablers of e-commerce?

  • Affordable computing equipment
  • Acces to the internet
  • Ease of use
  • Open standards
  • Higher grades + faster learning
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What are the eCommerce categoriets by company structure?

  • Bracks and mortar; traditional companies who sell through stores
  • Bricks and clicks, hybrid organizations who saw the potential and used the new channel
  • Pure play; companies who where "born" online

What is a business model?

The business model captures the firms concept and value proposition

It also conveys;
  • The market opportunity
  • What products or services the firm offers
  • What strategy the firm will follow

What is a revenue model?

A revenue model specifies how the firm intends to turn a profit

What are the different online revenue models?

  • Pay for service
  • Subscription; paying for access instead of usage
  • Advertisement; free for audiance, advertising comes with money
  • Affilate; geretes traffic
  • Freemium; basic product is free, premium version sold

What are infrastructure providers?

Creating value by developing and managing the infrastructure of electronic commerce.

What is market efficiency?

reduction in search cost reduces the availability of asymmetric information

What means customer and employee self-service in terms of e-commerce?

Save time and money by providing customers and employees with the ability to process transactions (give them easy acces to fix stuff themselves)

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