...Course Project Developing B2B and B2C types of e-commerce at Midea Corporation Abstract This project discusses that what e-commerce can do to help Midea gain more profit or reduce the spending. In China, most of the IT technologies that customers use are at the initial stage. The development of the Internet is just at the beginning. Therefore, customers can’t make an order for what they want only by viewing the company’s homepage. As the leader in the area of Chinese household appliances, Midea should play a leading role to run the e-commerce which is good for running the business. This project says that how Midea finds out its problem and deal with it by e-commerce. Brief Company background Midea which produces the home appliance, mainly involved in the field of logistics and other large-scale comprehensive modernized enterprise was established in 1968. What is more, it has four industry groups, therefore it is China's largest home appliance production base and export bases. In 1980, Midea officially entered the home appliance industry. Currently, there are 130,000 employees are hired by Midea. Looking to the future, Midea will continue to adhere to the effective, harmonious, scientific policy of development, in order to form the industrial diversification, the development of large-scale, business specialization, regional operations and management of differentiated of industrial pattern. Moreover, it strives to establish a healthy financial structure and enterprise...
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...w 1) Which of the following statements best describes "e-commerce"? a. E-commerce is the fastest growing sector of the economy. b. E-commerce includes the delivery of products by computer. c. E-commerce is the use of computer networks to facilitate transactions. d. Until 1995, e-commerce was almost non-existent. e. all of the above Answer: e Diff: 1 Type: MC Topic: E-commerce Skill: Recall/Applied 2) Use this fact situation to answer the related questions that follow. A and B have decided to go into the business of selling goods, but wish to use the Internet to reach potential customers all over Canada who can both buy from them and pay using the Internet. As prudent businesspersons, A and B will a. register a domain name. b. negotiate an Internet access agreement. c. negotiate a website development agreement. d. negotiate a website-hosting agreement. e. all of the above Answer: e Diff: 2 Type: MC Topic: E-commerce Skill: Applied 3) Use the fact situation in Q2 to answer the related question that follows. The type of business that A and B are setting up is called a. wholesale sales. b. electronic retailing. c. retail sales. d. e-commerce. e. digital retailing. Answer: b Diff: 1 Type: MC Topic: E-commerce Skill: Recall/Applied 4) Use the fact situation in Q2 to answer the related question that follows. The type of payment that the business will most likely use is ...
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...E-COMMERCE ------------------------------------------------- TYPES OF E-COMMERCE The aim of this report is to search for an example of a website that falls under each of the four main types of e-commerce found in unit 1 of the BIU syllabus based module and to describe the website and to explain why it falls under that type of e-commerce. To begin with, electronic commerce is the systematic process of buying and selling of goods and services using an electronic mode primarily the internet. There are different commerce transactions that happen in our daily life, and those commerce transactions have been categorized in different types. As per unit 1 of the BIU syllabus based module, there are four main types of e-commerce (Mbotwa 2014). These are Business-to-Business e-Commerce, Business-to-Consumer e-Commerce, Consumer-to-Business e-Commerce and Consumer-to-Consumer e-commerce. Firstly, Business-to-Business e-Commerce. This refers to electronic commerce transactions between two businesses where both the buyer and seller are business owners. This could be between a manufacture and a wholesaler or a wholesaler and a retailer (Mbotwa 2014). It can be treated in other way like, wholesalers supplying goods to retailers or a distributor in one country can ask for goods in bulk from the exporter in other company through the internet. In this form both the buyer and seller are business entities. An example of B2B website is Hp.com. On Hp.com website, a wholesaler...
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...TYPES OF E-COMMERCE There are a variety of different types of e-commerce and many different ways to characterize these types. Table 1.3 lists the five major types of e-commerce discussed in this book.1 For the most part, we distinguish different types of e-commerce by the nature of the market relationship—who is selling to whom. The exceptions are P2P and m-commerce, which are technology-based distinctions. Business-to-Consumer (B2C) E-commerce The most commonly discussed type of e-commerce is Business-to-Consumer (B2C) e-commerce, in which online businesses attempt to reach individual consumers. Even though B2C is comparatively small ($140–$170 billion in 2005), it has grown exponentially since 1995, and is the type of e-commerce that most consumers are likely to encounter. Within the B2C category, there are many different types of business models. Chapter 2 has a detailed discussion of seven different B2C business mod- E - c o m m e r c e : T h e R e v o l u t i o n I s J u s t B e g i n n i n g 17 TABLE 1.3 MAJOR TYPES OF E-COMMERCE T Y P E O F E - C O M M E R C E E X A M P L E B2C—Business-to-Consumer Amazon.com is a general merchandiser that sells consumer products to retail consumers. B2B—Business-to-Business ChemConnect.com is a chemical industry exchange that creates an electronic market for chemical producers and users. C2C—Consumer-to-Consumer eBay.com creates a marketspace where consumers can auction or sell goods directly to other consumers...
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...E-COMMERCE By Name A Paper Presented in Partial Fulfillment Of the Requirements of INFS-732: Electronic Commerce Abstract The purpose of this paper is to provide descriptive evidence supporting Kenneth C. Laudon and Carol Guercio Traver’s concept that e-commerce is a relationship between business, technology, and society. This paper will also examine the idea that e-commerce is creating new markets in three distinct areas: where prices are transparent, markets are global, and trading is highly efficient. The findings analyzed in this paper will assist in determining whether these concepts are pushing the markets or if the markets are pulling these concepts. TABLE OF CONTENTS Abstract ii TABLE OF CONTENTS iii INTRODUCTION 1 types of e-commerce 1 concept of e-commerce 1 e-commerce MARKETS 1 CONCLUSION 3 References 3 INTRODUCTION In their book titled E-Commerce: Business, Technology, Society, Kenneth C. Laudon and Carol Guercio Traver define e-commerce as “the use of the Internet and the Web to transact business. More formally, digitally enabled commercial transactions between and among organizations and individuals.” There are many benefits to an e-commerce enabled business, and EcommerceEducation.com lists some of the more distinct advantages as the following: * Business happens without regard to time and distance * Allows sellers to reach buyers around the world * Lower total cost per sale for the seller * Better purchasing decisions...
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...The Impact of E-Commerce Willie M. Gray GB 365 Legal Environment of Business Miles College Instructor: Wendy M. Stewart October 13, 2015 Abstract Today’s economy is truly a global one, allowing a lot more room to maneuver and focus on providing customers with a value product ensuring success. E commerce has made a profound impact on society, people can shop online in the privacy of their own homes without ever having to leave. This method changes the way people look at shopping and spending money, it has changed the face of retail services. E commerce is a term for any type of business, or commercial transaction that involves the transfer of information across the internet. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. E commerce is currently one of the most important aspects of the internet to emerge. E commerce businesses must use patents for their business, because it is very important to protect your company. The future of e commerce and online business looks very bright, especially since technology is evolving every single day. In the future you can probably expect custom everything for customers, more personalized brands, and virtual shopping. The Impact of E-Commerce E commerce is a term for any type of business, or commercial transaction that involves the transfer of information across the internet. It covers...
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...The Evolution of E-Commerce Information E-commerce evolution has allowed companies to go from storing data on paper in physical filing cabinets to digital storage of much more data on servers. Electronic storage and processing has allowed companies to increase both the volume and speed of data storage and processing. Forecasting that used to be done manually with calculators is now rapid and more extensive using spreadsheets and dedicated computer programs. Businesses store data on customer interactions and can access this data quickly. Future evolutionary trends are toward more data stored in the cloud. Internet The Internet has become a key e-commerce technology. Evolving from a military and educational network to a commercial Internet in the early 1990s, the basis of websites and e-commerce was set with the development of the browser Netscape in 1994, and the founding of Amazon and eBay in 1995. The largest companies all have an Internet presence, and many offer goods and services for sale on their websites. As the Internet continues to evolve, even small businesses that don't have their own websites will develop them. With mobile devices generating more Internet traffic, websites have become increasingly mobile-friendly, with dedicated mobile apps allowing smartphones and tablets to access information. Communication New electronic technologies have transformed communications in business. E-commerce evolved from pre-electronic paper mail, wire transmissions, and teletype...
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...Subject: | Information Technology | Unit number + Title | 8. E-Commerce | Assignment number + Title: | 1. Why E-Commerce? | Assessment Criteria: | P1 P2 P3 M1 M2 D1 | Purpose / Aims (learning outcomes) | LO1 Understand the web architecture & componentsP1 Describe the technologies required for e-commerceP2 Explain the impact of introducing an e-commerce system to an organisationP3 Explain the potential risks to an organisation of committing to an e-commerce systemM1 Recommend methods to promote an e-commerce systemM2 Discuss how security issues in e-commerce can be overcomeD1 Evaluate the use of e-commerce in a ‘brick & click’ organisation | Introduction (Scenario) | You work for a firm of e-commerce consultants in the West Midlands and have been asked to provide a ‘guide to e-commerce’ leaflet for a local retail business considering e-commerce. Your guide will cover the regulations related to e-commerce and the implications of e-commerce on society. You will also put together an e-commerce strategy for the business. | Assignment 1 (Scenario) | You visit the Managing Director of your local retail business to go over what is needed for e-commerce, including the different technologies to be bought. The MD is not very IT literate and therefore you need to explain the different hardware & software and networking technologies needed for e-commerce. | | No | | Criteria | Tasks | 1 | For P1, you need...
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...e-commerce Online Store with Shopping Cart Whether you need a simple, effective web presence, or a robust e-commerce solution, MIS can help you identify and meet your goals. Our web sites utilize the latest technologies to deliver striking design and accessible information with minimum download time. Do you already have a web site, but would like to add a shopping cart? Would you like to create a database of all the customers who notify you via your site? We can help! Whatever the challenges posed by your existing web site, we can provide the solutions. Benefits and Features An online store is the least expensive way for you to generate revenues using your website. Our e-commerce systems are easy to use, yet powerful enough to be able to handle any type of online store. The benefits include: * Secure credit card processing * Automatic shipping rate calculations * Automatic tax rate calculations * Unlimited products/categories * Multiple currencies * Retail/Wholesale pricing * E-products (e-books, audio, etc.) * Statistics and Reports E-Commerce! What is E-Commerce?: e-commerce is the buying and selling of goods and services over the Internet and private networks. Everything you do on the Internet or over private networks is not e-commerce. Like the definition states e-commerce only occurs when selling or buying over the Internet occurs! Three Types of E-Commerce Merchant Companies 1. Business to Consumer (B2C) 2. Business...
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...Define e-commerce and describe how it differs from e-business. Identify and describe the unique features of e-commerce technology and discuss their business significance. Recognize and describe Web 2.0 applications. Describe the major types of e-commerce. Discuss the origins and growth of e-commerce. Explain the evolution of e-commerce from its early years to today. Identify the factors that will define the future of e-commerce. Describe the major themes underlying the study of e-commerce. Identify the major academic disciplines contributing to e-commerce. Key Terms e-commerce, p. 12 e-business, p. 13 information asymmetry, p. 14 marketplace, p. 16 ubiquity, p. 16 marketspace, p. 16 reach, p. 16 universal standards, p.16 richness, p. 17 interactivity, p. 17 information density, p. 17 personalization, p. 18 customization, p. 18 Web 2.0, p. 19 business-to-consumer (B2C) e-commerce, p. 22 business-to-business (B2B) e-commerce, p. 22 consumer-to-consumer (C2C) e-commerce, p. 22 social e-commerce, p. 22 mobile e-commerce (m-commerce), p. 23 local e-commerce, p. 23 Internet, p. 23 World Wide Web (the Web), p. 24 disintermediation, p. 32 friction-free commerce, p. 33 first mover, p. 33 network effect, p. 33 Copyright © 2013 Pearson Education, Inc. 2 Brief Chapter Outline Opening Case: Pinterest: A Picture Is Worth a Thousand Words 1.1 E-commerce: The Revolution Is Just Beginning The First Thirty Seconds What Is E-commerce? The Difference between E-commerce and...
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...B2B commerce and explain its scope and history. • Explain the procurement process, the supply chain, and collaborative commerce. • Identify the main types of B2B commerce: Net marketplaces and private industrial networks. • Explain the four types of Net marketplaces. • Identify the major trends in the development of Net marketplaces. • Identify the role of private industrial networks in transforming the supply chain. • Explain the role of private industrial networks in supporting collaborative commerce. Key Terms total inter-firm trade, p. 770 B2B commerce, p. 770 Internet-based B2B commerce (B2B e-commerce), p. 771 automated order entry systems, p. 771 seller-side solutions, p. 771 electronic data interchange (EDI), p. 772 buyer-side solutions, p. 772 hub-and-spoke system, p. 772 vertical market, p. 772 horizontal markets, p. 772 B2B electronic storefronts, p. 772 Net marketplace, p. 772 private industrial networks, p. 773 procurement process, p. 775 supply chain, p. 775 direct goods, p. 776 indirect goods, p. 776 MRO goods, p. 776 contract purchasing, p. 776 spot purchasing, p. 776 multi-tier supply chain, p. 777 legacy computer systems, p. 778 materials requirement planning (MRP) system, p. 778 enterprise resource planning (ERP) system, p. 778 supply chain management (SCM), p. 779 tight coupling, p. 779 supply chain management (SCM) systems, p. 782 collaborative commerce, p. 783 e-distributor, p. 790 e-procurement...
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...INTRODUCTION E-commerce also is a short from electronic commerce. It is a process of communication transaction between the buyer and seller. It can be known as a type of business which process with electronically. Normally, most of the people will refer e-commerce as via from internet to selling product, but it also can be covers purchasing mechanisms via internet which is business to business and business to consumers. Electronic commerce is related to business transaction of goods and services conducted between 2 or more parties electronically mainly through open internet based system, for instant the parties can exchange information through internet rather than physical exchange. This type of communication through e-commerce can be known as email, internet, intranet, extranet and so on. In practice, this term and a newer term, e-business, are often used interchangeably. For online retail selling, the term e-tailing is sometimes used. For example, bought or sold anything on e-bay, purchased a book on Amazon, or made any other transaction online you have participated in e commerce. Electronic commerce that takes place between businesses is referred to as business-to-business or B2B. B2B can be open to all interested parties or limited to specific, pre-qualified participants such as private electronic market. Electronic commerce that takes place between businesses and consumers, on the other hand, is referred to as business-to-consumer or B2C. This is the type of electronic...
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...The Evolution and Development of E-Commerce Market and E-Cash Azamat Nogoev1 Faculty of Business Management and Globalization LimkokwingUniversity of Creative Technology, Cyberjaya, Malaysia Azamat_nogoev@yahoo.co.uk Rashad Yazdanifard2 Faculty of Management,Multimedia University Cyberjaya, Malaysia rashadyazdanifard@yahoo.com Shahriar Mohseni3 Faculty of Management,Multimedia University Cyberjaya, Malaysia shahriar_mohseni@yahoo.com Behrang Samadi4 Faculty of Management,Multimedia University Cyberjaya, Malaysia behrang_samadi@yahoo.com Meera Menon5 Faculty of Design Inovation, LimkokwingUniversity of Creative Technology, Cyberjaya, Malaysia meera@limkokwing.edu.my ABSTRACT Given the impact of the Internet on all aspects of economic life, it can be regarded as a source of emergence of new electronic economy with an extremely rapid growth, creating new opportunities for Industrial and business activity, increase employment opportunities.Robust economic activity on the Internet or by using its capabilities led to the emergence of a new concept- electronic commerce. KEY WORDS Internet, electronic commerce, electronic payment systems. 1. INTRODUCTION Advances in communication technologies within the last decade of the twentieth century paved the way for innovations, promoting rapid globalization. The convergence of telecommunications and computer technology has given birth to a new business organizational system called the internet, presenting a revelation...
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...The following report will seek to explain the difference between E-Business and E-Commerce providing examples where applicable to support the answer. Most if not all companies nowadays have realized that the Internet is not only here to stay but that its influence in the way business is conducted will increase with the passage of time. We have all heard the terms e-business and e-commerce being used quite frequently but what do these terms really mean and what are the differences between the two terms that are being used. E -business and e-commerce are terms that are used to differentiate one vendors' product from another. Both terms are different, and that difference matters for today's companies. The ‘e’ stands for electronic networks and...
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...Week 7 Checkpoint · Name and describe various categories of e-commerce. Business to Consumer (B2C) – The B2C model is one of the widely used tools in the e-commerce industry. The pattern is very simple and easy. The marketers sell their products to the retailers who in turn sell them to the consumers. The B2C which was started around 15 years back wasn’t looked upon as a very efficient system for boosting commercial sales, but over a period of time the popularity and efficiency has been recognized by most business merchants and it has also been looked upon as time and cost saving factor. Business to Business (B2B) – B2B is one of the high level businesses involving heavy capital and transactions worth trillions of dollars. Under this form of e-commerce the buying and selling takes place only between two businesses without the involvement of the consumer. The end product is purchased by one business from another and then sold to the consumer under their brand name. A watch manufacturing company might just purchase accessories from a manufacturer and sell them under her name. Major companies, which already have a global name, purchase manufactured products and then sell them to the retailers under their brand name. Consumer to Consumer (C2C) – The C2C format is a very simple transaction which takes place between two consumers. They’re many online sites, which have made such transactions easy and possible. Consumers can directly make a purchase on any online...
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