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.

Comments

Competitive Advantage - Sustainable Competitive Advantage

Sustainable competitive advantage may be realised by adoption of e-commerce strategies and business models. Rather than simply exchanging procurement transactions as with e-commerce practices, leading enterprises are executing e- commerce to share intellectual capital with their trading partners working as a value chain that provides a competitive advantage for the development and distribution of their products. The idea of giving the customer access to tracking information via the internet was a new one that had considerable appeal to the customer. For example , the use of new system also had considerable advantage to FedEx who no longer had to deal with a vast number of calls checking up on progress of consignment; because the customer could now access the system themselves. But e-commerce development and implementation could not be entirely private- customer had to become involved at some stage. The competitor was quick to catch on to the idea and UPS (United Parsal Services) was so...

E-Commerce Implementation

The strategy diagram divides implementation into the technical and the business aspects and these are briefly considered below: Technical Implementation : The approach to technical implementation of an E-Commerce system depends on the business objectives, business requirements and technologies that have been selected. It is noted that many internet E-Commerce systems are cobbled(repaired) together rather than designed and that is often apparent. It is important that the design process considers: Is of use of system by intended end-users : Always an important factor in system design but crucial if the end user are to be members of the public with perhaps limited computer literacy and the option to switch to an alternative website if not satisfied. Functionality that users need : This has to be what the users want rather than what the organisation things they need. Uses of e-commerce are not a captive audience that can be interviewed and evaluated like the uses of a traditional IS develo...

Electronic commerce introduction

Electronic Commerce ( e-commerce ) generally refers to all forms of transactions relating to commercial activities, involving both organizations and individuals that are based upon the processing and transmission of digitised data, including text, sound and visual images. E-Commerce has created a new environment in business transactions using internet. It deals with providing information to consumers regarding products of their interest. It provides a platform of advertisement of products, allows negotiations, order for raw materials, settlement of financial transactions etc. Electronic commerce is an integrations of communication services, data management and security mechanisms that allows organizations to exchange information about the sale of goods and services, where, Communication services supports the transfer of information from the buyer to the seller electronically. Data management is the exchange and storing of data in a uniform format to facilitate easy exchange of infor...

fivwords

Search This Blog