1. Overview of Electronic Commerce 1.1 Define electronic commerce (EC) and e-bus

Question

1. Overview of Electronic Commerce 1.1 Define electronic commerce (EC) and e-business 1.2 Distinguish between internet and extranet and provide their examples 1.3 Briefly describe concept of B2B, B2C, B2B2C, C2B B2E, C2C and provide at least one examples for each nature of the transactions. 1.4 What are the major tools of WEB 2.0 and provide their examples 2. Internet exercises 2.1 Visit Amazon.com's site (amazon.com) and locate recent information in the following areas a. Find the five top-selling books on EC. b. Find a review of one of these books. c. Review the customer services you can get from Amazon and describe the benefits you receive from shopping there d. Review the products directory. 2.2 Visit priceline.com and ebay.com identify the various business models used by both. Discuss their advantages 2.3 Visit some Web sites that offer employment opportunities in EC (such as execunet.com and monster.com) 2.4 Visit bluenile.com, diamond.com, and jewelryexchange.com. Compare the sites. Comment on the similarities and the differences 2.5 Examine two or three of the following sites: prosper com, swapthing.com, swaptree.com, peerflix.com, lala.com, swapvillage.com, bigvine.com, etc. Compare their business and revenue models

Explanation / Answer

1(i) E-COMMERCE- Buying or selling of goods and services using the internet is termed as e-commerce. These may include electronic fund transfer, internet marketing, online transactions, etc.

E-buiness- On the other hand, when the netire business is conducted over the internet in an electronic manner it is termed as e-business. These include electronic supplies, payments, merketing, etc.

(ii) Intranet is a networking system where people who are directly linked/ connected to this network can access the information or data stored in the servers through this network. It is a subset of the internet. They are mainly used for members within a single organization.

Extranet on the other hand is the mixture of intranet and extranet. Though it is a private network like the intranet, it can also be accessed by certain groups of people outside the network area. They are mainly used by members between cross- organization.

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(iii) B2B- selling/buying products and services from one business to another. Example are businesses that manufacture products sold in Walmart stores.

B2C- - selling products and services from business to a customer directly. Amazon is an example for this model. Restaurants are good example of such a model

B2B2C is a business model that combines B2B and B2C. Here businesses sell products to customers by partnering with a third party that is a consumer-oriented product and service businesses

C2B- In this model a consumer is selling something to a business. Example,  Blog owner sells advertisement space to a business on their blog.

B2E- This is business-to-employee, it i sa model in which the focus of business is the employee

C2C- they are customer to customer business where a customer can sell goods and services to another customer. Ebay would be a perfect example for such a model.

1(iv)  Web 2.0 technologies are a way defining how people share their perspectives, opinions, thoughts and experiences over the internet.

here are a large number of Web 2.0 tools, some of the more popular ones are:

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