Electronic commerce is the process of buying, selling, or exchanging products, services, and information via computer networks. E-business is a broader definition of EC that includes not just the buying and selling of goods and services, but also servicing customers, collaborating with business partners and conducting electronic transactions within an organization.
Partial e-commerce is when a company will sell a good through the internet but the fulfillment of the good will need to take place in the "real" world. It concerns business in which a large part of the transaction takes place in the off-line real world. For example, buying a book on Amazon, ...view middle of the document...
Attributes include its functionality and open access to information/data.
The social networks define a category of Internet applications that help connect friends, business partners, or individuals with specific interests by providing free services such as photo presentation, e-mail, blogging, and so on using a variety of tools.
EC activities on Facebook- selling clothes. Advertising webpage for org. These activities consist of purchases with the social network, relying on its user base. Because Facebook has the largest user base, social commerce was termed ‘‘f-commerce’’. These business transactions are done via Facebook users.
9. List and briefly discuss five capabilities of EC (consult Exhibit 1.10).
The major capabilities are in Exhibit 1.10 and include:
* Efficient transactions
* Fast Dissemination of Information
* Price Comparison for Customers
* Personalization, Customization
* Global Reach
* Rich Media, Entertainment, Social Networking
* Anytime, Anywhere Convenience
* Easy to Find Product/Vendor Information
* Productivity Booster