Skip to main content

E-Commerce Glossary

Adware: 
It is any software application in which advertising banners are displayed while the program is running. 

Auction: 
An auction is a market mechanism by which sellers place offers and buyers make sequential bids. 

Balanced Scorecard: 
It is a management tool that assesses organisational progress toward strategic goals by measuring performance in a number of different areas. 

Bandwidth: 
Bandwidth of a communication channel refers to the data- handling capacity of an Internet connection. Bots: Bots (short for robots) are a type of malicious code that can be covertly installed on computer when attached to the internet. 

Browser Parasite: 
It is a program that changes some settings in browser. 

Business Strategy: 
A business strategy is a set of plans for achieving superior long-term returns on the capital invested in a business firm.  

Business-to-Business (B2B): 
It e-commerce holds electronic transactions among and between businesses. 

Business-to-Consumer (B2C): 
In B2C, businesses sell directly a diverse group of products and services to customers. 

Business-to-Employee (B2E): 
It involves the transactions between the business and the employee.

Business-to-Government (B2G): 
It involves transactions between the business and government over electronic network. 

Channel Conflict: 
It refers to any situation in which the online marketing channel upsets the traditional channels due to real or perceived damage from competition. 

Competitive Strategy: 
It refers to how a company competes in a particular business.  

Consumer-to-Business (C2B): 
C2B e-commerce that involves individuals selling to businesses may include a service/product that a consumer is willing to sell. 

Consumer-to-Consumer (C2C): 
Using C2C e-commerce, consumers sell directly to other consumers using the Internet and web technologies. 

Cookie: 
A cookie is a small piece of data that is passed back and forth between a website and an end-user's browser as the user navigates the site.


Labels:

Comments

Post a Comment

Popular Post

What is COVID-19 ?

COVID-19 is a disease caused due to the infection of novel coronavirus. The first case of COVID-19 disease was founded at Wuhan, China in December 2019. It also named as severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). COVID-19 is the most widely spread disease ever in the world. In most cases it infects the respiratory system that causes fever, dry cough, and shortness of breath. Previous : What is the difference between coronavirus and COVID-19 ?
Post a Comment
Read more

EDI and Business

Organisation that Uses EDI     1) Wal-Mart : An EDI link between Wal-Mart and one of its suppliers, Seminole Manufacturing Co. cut the delivery time of Seminole slacks by 50%. This resulted in a 31% sales increase of these slacks in the first 9 months after the link was established.   2) General Motors : General Motors have integrated EDI Electronic funds transfer at 30% of its assembly plants. Shipping receipts are sent electronically from the GM plant to an Electronic Data System (EDS is subsidiary of GM) computer center where they are matched against electronic invoices and purchase orders.   Suppliers group the shipping receipts, and one payment is made. This single payment may represent dozens of different shipments to different plants. These payments are also performed electronically via Electronic Funds Transfers.   3) J C Penney : Sales of Stafford suits jumped 59% after JC Penney linked up with their supplier Lanier Clothes. EDI allowed Penney to quickl...
Post a Comment
Read more

EDI Maturity Model

The development of EDI within an organisation or a trade sector goes through a number of stages. Saxena and Wagenaar suggest a three stage EDI maturity model as a part of a three-way analysis of EDI development in organisations, trade sectors and nations.  Figure 2.20 shows the concept of EDI maturity with a six-stage maturity model, and links it to the opportunities for competitive advantage. The stages of EDI development as represented in the model are:  Stage 1:Discovery : The first stage in EDI development is the discovery stage. Discovery can be by an organisation choosing to adopt EDI to gain competitive advantage or to solve an administrative problem.  Stage 2: Introductory : This stage requires investment hardware and software but, atleast significant, will be the time commitment in establishing the parameters of the electronic trading relationship. This stage, on its own, does not result in any cost saving or efficiency gain. there are direct costs in computer ...
Post a Comment
Read more