...rooms in 30,000 cities in 192 countries. They chose their rooms and paid for everything online. But their beds were provided by private individuals, rather than a hotel chain. Hosts and guests were matched up by Airbnb, a firm based in San Francisco. Since its launch in 2008 more than 4m people have used it—2.5m of them in 2012 alone. It is the most prominent example of a huge new “sharing economy”, in which people rent beds, cars, boats and other assets directly from each other, co-ordinated via the internet. You might think this is no different from running a bed-and-breakfast, owning a timeshare or participating in a car pool. But technology has reduced transaction costs, making sharing assets cheaper and easier than ever—and therefore possible on a much larger scale. The big change is the availability of more data about people and things, which allows physical assets to be disaggregated and consumed as services. Before the internet, renting a surfboard, a power tool or a parking space from someone else was feasible, but was usually more trouble than it was worth. Now websites such as Airbnb, RelayRides and SnapGoods match up owners and renters; smartphones with GPS let people see where the nearest rentable car is parked; social networks provide a way to check up on people and build trust; and online payment systems handle the billing. What’s mine is yours, for a fee Just as peer-to-peer businesses like eBay allow anyone to become a retailer, sharing sites let individuals...
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...World Applied Programming, Vol (1), No (2), June 2011. 100-104 ISSN: 2222-2510 ©2011 WAP journal. www.waprogramming.com Taking a look at different types of e-commerce Rania Nemat* Department of IT, Al-Azhar University, Cairo, Egypt. Rania.n.85@gmail.com Abstract: In this paper, we are going to take a short introduction to different types of ecommerce. So, we will talk about e-commerce and then the types will be presented. They are described in details. Different relationships between commerce sides are subjected here and the categorizing is done. The types that are talked include: B2B, B2C, B2E, B2G, B2M, C2B, C2C, G2B, G2C, G2E, G2G, and P2P. Key word: e-commerce • e-commerce types • business I. INTRODUCTION E-commerce is the use of Internet and the web to transact business but when we focus on digitally enabled commercial transactions between and among organizations and individuals involving information systems under the control of the firm it takes the form of e-business. Nowadays, 'e' is gaining momentum and most of the things if not everything is getting digitally enabled. Thus, it becomes very important to clearly draw the line between different types of commerce or business integrated with the 'e' factor. Based on the type of relationship between different sides of commerce, it can be categorized in different types. In this paper, we will get into them in details. II. E-COMMERCE TYPES There exist different transaction schemas that are forked from different...
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...Table of Contents 1. Introduction & Methodology Tasked to determine if Treats Inc. is correctly priced, the team first determines the intrinsic value using the Corporate Valuation Model and compares it with the current price. Next, financial ratios of Treats are compared across its peer groups to determine its relative performance in the industry. Lastly, a Sensitivity Analysis is conducted to understand the impact of deviations of assumptions made in the model. 2. Assumptions On top of the given assumptions found in Appendix 1, we assume (1) Depreciation expense each year is calculated by straight-line method with reference to previous year’s Fixed Asset book cost. (2) Treats Inc. is a company engaged in business retailing of food, general merchandise and it operates a series of hypermarkets and supermarkets around the world. (3) The return of the MSCI ACWI is taken as the market benchmark return. 3. Deriving the Intrinsic Value per Share (i) Using SLOPE function in EXCEL, β=0.55943882 (ii) WACC=rD*1-TC*DV+rE*EV rE=rf+βrM-rf=0.072466329 WACC=0.06632138 (iii) CFFA=OCF-NCS-ΔNOWC Year | 2014 | 2015 | 2016 | 2017 | 2018 | CFFA ($, In 000s) | 1,099,500 | 1,052,438 | 996,743 | 931,457 | 855,517 | (iv) Terminal value represents value of firm at the point that growth becomes constant. TV=CFFA2019WACC-gCFFA=855,5171.0150.06632-0.015=$16,919,842,000 (v) Discounting Treats’ CFFA and TV by WACC, PV of Treats’ future operating cash flows=$16...
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...mobile devices everywhere they go whether going to work, the store, or even when they are just sitting at home watching TV. With this much technology that people carry with them you can utilize an e-payment system to the full advantage. E-payment is a way customers can pay for your service or pay for and purchase products from you from their mobile device or from their computer from the comfort of their own home. Ideas and Strategies for utilizing e-payment system and securing their database Now days, life has become very fast. Most of the people do not prefer going to shops for shopping. Instead they prefer to do the same by sitting at home and ordering online. Thanks to the advancement of technology. It has brought the entire world within the grip of our hands. Just a click of a mouse on the computer can perform transactions of thousands and lacs. Thus most of the business today is taking place online. This feature is termed as e-commerce. E commerce...
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...a retailer of men’s suits, what have to consider about is not limited in hypostatic shop. According to the ONS, clothes are the most favoured goods for man, at 43% of internet users. There are an enormous potential in male online shopping market. Therefore, I would like to offer some proposals about starting on-line business on men’s suits. Initially, our website should keep interface concise and make goods display neatly. So complicated is the vision that customers will lack of desire to browse through. Comparatively speaking, the majority of men prefer doing shopping in an efficient way. In view of that, I strongly suggest that the suits category: style, colour, size and other custom services are arranged clearly and found easily. What is more, based upon the ONS, as many as 6 million new users get into Internet by mobile phone through the year of 2011. The growth reminds us that we can not only focus on the traditional terminal but also explore the new channels, like the APPS. Similarly, the promotion and advertisement can be brought into market via social networking such as Facebook, Twitter or Weibo. It is showed in ONS that men prefer the professional networking like LINKIN while that kind of society will be the key point for us. Still, online transactions, which include payment procedures, method of delivery, information security and return policy, play a big role in whole internet business. It is reported that almost one fifth of people are unconfident with their...
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...STUDY OF UTILIZING THE INTERNET TO INCREASE BUSINESS Prepared for: M-Global, Inc. Prepared by: Christopher S Garmon, Director of IT M_Global, Inc. CONTENTS PAGE LIST OF ILLUSTRATIONS…………………………………………………………………………… 1 EXECUTIVE SUMMARY……………………………………………………………………………… 2 INTRODUCTION……………………………………………………………………………………….. 3 Project Purpose….…………………………………………………………………............... 3 Project Description……………………………………………………………………………. 3 Scope of Study………………………………………………………………………………... 3 DISCUSSION…………………………………………………………………………………………… 4 Online Sales Growth………………………………………………………………………….. 4 Ease of Shopping from Home……………………………………………………… 4 Increase in Cyber Security…………………………………………………………. 4 Companies With Online Sales are More Profitable……………………………………….. 5 Using Social Media to Help Build Sales………………………………………….. 5 Projected Growth for Online Revenue……………………………………………. 6 Different Ways to Create Ecommerce Sites……………………………………………….. 7 Three Main Steps for Preparing Ecommerce Website………………………….. 7 Cross-Promoting to Increase Sales Growth……………………………………… 7 CONCLUSIONS AND RECOMMENDATIONS…………………………………………………….. 8 Conclusions…………………………………………………………………………………… 8 Recommendations…………………………………………………………………………… 8 REFERRENCE PAGE………………………………………………………………………………… 9 ILLUSTRATIONS FIGURES PAGE 1. Achieving Quota – 2010-2012…………………………………………………………. 5 2. Exceeding Quota – 2010-1012………………………………………………………… 6 3. Missing Quota...
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...society, social media has become a part of our everyday lives. People of all ages and professions utilize social media in some form on a regular basis. Some common forms of social media are social networking, blogs, voice over IP, collaborative projects, content communities, virtual game worlds, and online shopping. These types of social media offer communication, sharing and shopping capabilities. People from all around the world are able to be connected with a click of a mouse. Social media also allows for creativity and expression. Social networking includes websites like Facebook. Over one billion people worldwide are active members of this online community. It is estimated that every user on Facebook has approximately 130 friends on their profile pages. This website is very easy to join, and the best part is that it is free. Members are able to upload and post pictures and videos to share with their friends and family. Privacy settings are available so the member can choose who is allowed to access their page or view their pictures. This is especially convenient for parents who monitor their teenager’s computer usage. Facebook originally created for peer-to-peer connections of classmates in college; however, it quickly expanded into a worldwide, multidimensional, phenomenon. Blogs, by definition, are websites on which an individual or group of users record opinions, information, etc. on a regular basis. Most people are familiar with the term “twitter sphere”...
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...Chapter 1: Exploring the Network Introduction We now stand at a critical turning point in the use of technology to extend and empower our ability to communicate. The globalization of the Internet has succeeded faster than anyone could have imagined. The manner in which social, commercial, political and personal interactions occur is rapidly changing to keep up with the evolution of this global network. In the next stage of our development, innovators will use the Internet as a starting point for their efforts - creating new products and services specifically designed to take advantage of the network capabilities. As developers push the limits of what is possible, the capabilities of the interconnected networks that form the Internet will play an increasing role in the success of these projects. This chapter introduces the platform of data networks upon which our social and business relationships increasingly depend. The material lays the groundwork for exploring the services, technologies, and issues encountered by network professionals as they design, build, and maintain the modern network. Technology helps create a world in which… national borders geographic distances physical limitations …become less relevant to our daily lives. Globally Connected Among all of the essentials for human existence, the need to interact with others ranks just below our need to sustain life. Communication is almost as important to us as our reliance on air, water, food, and shelter....
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...the internet has developed drastically. One of its focal areas is internet shopping, which is vastly becoming more popular during the last few years, which led to the factor of increasing consumerism to a point almost beyond recognition. For those who have access to the internet, they are granted the privilege of a vast choice of not only physical but also digital products which have always been subject to availability in the high street. Types of shops Nowadays retail establishments can be fragmented into three classifications. Those constructed solely in physical retail shops, those assembled around the concept of both physical shops and online shopping, and also Ecommerce which is exclusively online shopping. History Before anyone was able to obtaining goods online there were only limited ways where people were able to purchase products. One of the methods was to go to the high street and inside the stores. Alternatively products were acquired by teleshopping, where you would call a number, usually advertised on TV, and give your credit card details. Nonetheless giving credit card details over the phone is very unsecure as other individuals could perhaps be listening to your conversation over the phone and be granted with all your credit card and personal details. Although when online shopping initiated security was also one of the primary concerns. Due to the result of inexperienced online shopping developers, hackers would continuously be lurking on every corner to infiltrate...
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... posts on Facebook, retailers on Amazon, authors on Wikipedia – the «sharing principle». 3. CreaJon of communiJes : between customers themselves, and between customers and companies. Arguments in the text 10 n media phenomena to take into account in the customer rela5onships ew Digital consumer arJculaJon New mulJmedia services Consumers as retailers Online social communiJes Search bots Shopping bots Mobile technologies RecommendaJon systems Peer-‐to-‐peer networks and piracy Online aucJons Arguments in the text • The phenomena affect: 1. consumer behavior 2. management of consumer interacJons 3. measurement of costumer...
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...1 The Social Impact of the Internet There is no denying that technological advancements bring about social change. In today’s society, nothing has made a greater impact in this regard then the internet. The internet is defined as a global system of interconnected CPU networks that use the Internet protocol suite to link several billion devices on a global scale. This network consists of over millions of private, public, academic, business, and government networks, linked by a broad array of electronic, wireless, and optical networking technologies. The internet has made the entire globe, in essence, just a click away, with a multitude of information being brought to your fingertips. It is exceptionally difficult to picture today’s societal, economic, entertainment, information, academic or business sectors operating without the use of the internet’s resources to connect to people worldwide. The internet has become vital, simplifying the search for information or resources as well as carrying the extensive range of said information resources, such as website information and domain names, to support social interaction through file sharing, emails, web applications, telephone services, etc. According to Bill Stewart’s article, The Living Internet,[1] the origin of the Internet dates back to research commissioned by the United States government in the 1960’s to build a robust, fault-tolerant communication via computer networks. There is no consensus on the exact date when the modern...
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...not a good thing for us. ¨Many spend hours online, e-mailing, instant messaging, downloading music, and updating Facebook pages, with some visiting game sites, and shopping, online. All of this access can be dangerous; those who abuse the internet can become trapped in a cyber riptide of sorts, pulled in further and further as their time online increases, their school performance declines, and their family and peer relationships begin to suffer” (Source 1). I admit I can spend a lot of my time on the internet and social media but a large amount of the time I spend hours doing my homework. But most of us get way to into the internet that it starts affecting us. There are many teens that do get bullied on social media. The pressure isn't all on the teen it mostly has a lot to do with their parents and how they let their kids...
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...content and e-mail. (10 marks) In today’s information age, using Internet at the workplace is essential for business. Having said this, statistics show that a majority of employees use the organisational resources for doing personal work such as social networking, email, online shopping, etc. Also a number of employees engage in activities that might cause problems for the organisation financially and legally. As a result more and more organisations have opted for automated software tools to manage staff access to Internet and e-mail. The advantages of such software tools are many, some of which have been outlined below. The use of automated software enables the management to keep a watchful eye on the employee activities, which would affect the productivity at work if the staffs indulge in personal activities online. It is important to emphasise that the manager or team leader cannot always observe his/her staffs and these software enables to record the activities of the employees at any time. Hence the management will be able to maximise productivity by managing employees’ web browsing habits. Unmanaged Internet access allows employees to download or share illegal or copyrighted content from peer-to-peer (P2P) networks. Also employees can take part in other activities such as downloading and viewing pornography, which might be illegal in some countries. All this means that the company will be in danger of facing legal charges if staff access to Internet is not managed by...
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...twelve-month P/E of about 139. eBay has a market cap of about $42B, trading at a trailing P/E of about 13. Each company competes with many other companies in many different areas. For example, Amazon competes with Apple on tablets (Kindle vs iPad) and digital media (Amazon’s media store vs iTunes). Ebay’s Paypal unit competes with multiple payment companies, and its marketplaces division competes with other “peer-to-peer” e-commerce sites like Craigslist. But given the potential size of the e-commerce market (not to mention the online-to-offline commerce market), Amazon and eBay’s main competitors are each other. And to understand their large strategic moves (e.g. large acquisitions like GSI and Zappos), it is important to understand their fundamentally opposing strategic outlooks: eBay wants commerce to be more decentralized (around its GSI/Magento partners and eBay marketplaces sellers) and Amazon wants it to be more centralized (around itself). First, some background. During the dot-com boom, many largest offline brands debated how to best move their businesses online. Some tried to build their own websites from scratch. Others partnered with commerce technology providers. Toys ‘R’ Us took a novel approach and signed a “strategic alliance” to outsource all of their e-commerce operations to Amazon. Over the next few years this relationship soured – apparently Toys ‘R’ Us felt Amazon was competing too directly with them and successfully sued to end the relationship. The...
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...personal interviews and surveys. This company has a database of over 250, 000 customers. The information that is collected on the customers will allow the owners to get a general idea of the location of the customers. Customers shop according to their demographics, peers, and special promotions in their area. The businesses also compete for the customers to patronize their business and not their competitor. The surveys that will be mailed and e-mailed to the customers will give the owners a general idea of the shopping preferences of the customers. There will also be a survey at the register when making a purchase asking the customer if they prefer to shop online or if they prefer to visit the store. Online shopping is convenient for many people because some may not be able to leave their homes nor just do not have the transportation to go to the stores and shop like they we would want to shop. The research plan that I have comprise will consist of surveys (online & personal) and focus groups. The surveys will be e-mailed and mailed to current and potential customers. This will give the business a general idea about the most important preferences that the customers have. When the customers place an online order there will be a survey at the end of the transactions that will give a few...
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