Principles of Information Systems (MindTap Course List)
12th Edition
ISBN: 9781285867168
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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Question
Chapter 8, Problem 2RQ
Program Plan Intro
E-Commerce:
The process of e-commerce is to buy and sell the goods and services via electronic channels over the internet.
- E-commerce is also called as electronic commerce.
- A computer application e-commerce refers to the buying and selling of goods and services via electronic channels over the internet.
- Even though the technologies available such as e-mail, social media and mobiles, the modern e-commerce mostly uses the internet for the online purchasing of products.
- It is the most efficient method to communicate within the organization of business transactions such as maintaining the financial records of the users such as bank balances, name and address. But it is just a part of e-commerce business.
B2C:
- Business to Consumer (B2C) includes the transactions performed between the companies and the consumers or customers.
- Here, the end users of that company are referred as consumers or customers.
- It may have higher value because the market is bigger in terms of potential customers.
- For example, customer buying a fridge from the electronic retailer is known as B2C transaction.
B2B:
- Business to Business (B2B) includes the transactions performed between two different businesses like manufacturer and wholesaler, wholesaler and retailer and many such.
- It has definitely a higher value than B2C.
- Example: automobile manufacturing
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Chapter 8 Solutions
Principles of Information Systems (MindTap Course List)
Ch. 8.3 - Prob. 1DQCh. 8.3 - Prob. 2DQCh. 8.3 - Prob. 1CTQCh. 8.3 - Prob. 2CTQCh. 8.5 - Prob. 1DQCh. 8.5 - Prob. 2DQCh. 8.5 - Prob. 1CTQCh. 8.5 - Prob. 2CTQCh. 8 - Prob. 1SATCh. 8 - Prob. 2SAT
Ch. 8 - Prob. 3SATCh. 8 - Prob. 4SATCh. 8 - Prob. 5SATCh. 8 - Prob. 6SATCh. 8 - Prob. 7SATCh. 8 - Prob. 8SATCh. 8 - Prob. 9SATCh. 8 - Prob. 10SATCh. 8 - Prob. 11SATCh. 8 - Prob. 12SATCh. 8 - Prob. 13SATCh. 8 - Prob. 14SATCh. 8 - Prob. 15SATCh. 8 - Prob. 16SATCh. 8 - Prob. 17SATCh. 8 - Prob. 1RQCh. 8 - Prob. 2RQCh. 8 - Prob. 3RQCh. 8 - Prob. 4RQCh. 8 - Prob. 5RQCh. 8 - Prob. 6RQCh. 8 - Prob. 7RQCh. 8 - Prob. 8RQCh. 8 - Prob. 9RQCh. 8 - Prob. 10RQCh. 8 - Prob. 11RQCh. 8 - Prob. 12RQCh. 8 - Prob. 13RQCh. 8 - Prob. 14RQCh. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Prob. 3DQCh. 8 - Prob. 4DQCh. 8 - Prob. 5DQCh. 8 - Prob. 6DQCh. 8 - Prob. 7DQCh. 8 - Prob. 8DQCh. 8 - Prob. 9DQCh. 8 - Prob. 10DQCh. 8 - Prob. 11DQCh. 8 - Prob. 12DQCh. 8 - Prob. 1PSECh. 8 - Prob. 3PSECh. 8 - Prob. 1TACh. 8 - Prob. 2TACh. 8 - Prob. 2WECh. 8 - Prob. 1CECh. 8 - Prob. 2CECh. 8 - Prob. 1DQ1Ch. 8 - Prob. 2DQ1Ch. 8 - Prob. 1CTQ1Ch. 8 - Prob. 2CTQ1Ch. 8 - Prob. 1DQ2Ch. 8 - Prob. 2DQ2Ch. 8 - Prob. 1CTQ2Ch. 8 - Prob. 2CTQ2Ch. 8 - Prob. 1DQ3Ch. 8 - Prob. 2DQ3Ch. 8 - Prob. 1CTQ3Ch. 8 - Prob. 2CTQ3
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Similar questions
- E-commerce is a popular term for electronic commerce or even internet commerce. The name is self-explanatory, it is the meeting of buyers and sellers on the internet. This involves the transaction of goods and services, the transfer of funds and the exchange of data. As an IT or Business oriented person a customer approaches you with the requirements stated in a and b below and ask you to design a simple e-commerce platform for them. Briefly explain why you think those requirements are important and discuss your design.(a) Social media marketing (b) Instant messaging marketingarrow_forwardHow important is cloud computing to the future of e-commerce?arrow_forwarda) What are the technological drawbacks of e-commerce? b) Can you tell us about the many types of e-commerce apps accessible in the market? b) How Does a Dutch first-price, second-price, and third-price auction Work?arrow_forward
- E-commerce is a popular term for electronic commerce or even internet commerce. The name is self-explanatory, it is the meeting of buyers and sellers on the internet. This involves the transaction of goods and services, the transfer of funds and the exchange of data. As an IT or Business oriented person, a customer approaches you with the requirements stated in ‘a’ and ‘b’ below and ask you to design a simple e-commerce platform for them. Briefly explain why you think those requirements are important and discuss your design.(a) Social media marketing AN (10)(b) Instant messaging marketingarrow_forwardWhat if you get stopped by test data while testing Android and iOS e-commerce apps?arrow_forwardDescribe the business-to-consumer e-commerce cyclearrow_forward
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