PDF Notes: E-comms Final Note

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    What defines E-commerce?

    Involves exchanging products, services, or information via electronic devices.

    What distinguishes E-business from E-commerce?

    E-business includes broader services like customer support and e-learning.

    What is Pure E-commerce?

    Business operates entirely online with all transactions being digital.

    How does Partial E-commerce differ from Pure E-commerce?

    Partial E-commerce involves both online and offline transactions.

    What are the three major activities in E-commerce?

    Ordering and payments, order fulfillment, and delivery to customers.

    What is a Brick and Mortar organization?

    A physical business that operates offline and sells physical products.

    What characterizes a Virtual (pure-play) organization?

    Conducts all business activities fully online.

    What is a Click and Mortar business?

    A business that has both physical stores and an online platform.

    What does B2B stand for?

    Businesses selling products or services to other businesses.

    What is B2C in E-commerce?

    Businesses selling products or services directly to individual consumers.

    What does B2B2C mean?

    A business providing products to another business that sells to consumers.

    What is C2C E-commerce?

    Consumers selling goods or services directly to other consumers.

    What is a benefit of E-commerce for organizations?

    Global reach allows quick customer or supplier location.

    How does E-commerce reduce costs for organizations?

    Lowers costs of information processing, storage, and distribution.

    What is a consumer benefit of E-commerce?

    Provides a vast selection of products from various sellers.

    What limitation does E-commerce face regarding technology?

    Technical limitations include evolving software development tools.

    What is a non-technical limitation of E-commerce?

    Security and privacy concerns affect consumer trust.