E-commerce and E-business

E-commerce – 2130264

1.

E-commerce and E-business are terms which are sometimes used interchangeably but they are different. in both cases the e stands for electronic networks and is all about the application of electronic network technology which includes the internet and electronic data interchange in order for the improvement of business processes. E-commerce covers the processes that are outward facing that directly impact customer, suppliers and other external partners of the business such as order taking, sales, marketing, purchasing raw materials, customer service. this is any transaction which is completed over a computer mediated network which involves transfer or he right to use goods or services-business on the he a incudes e-commerce but also encompasses international processes such as inventory management, production, risk management, knowledge management and human resources (Australian Trade Commision,2014).

2.

An information technology company establishes an intranet portal which its employee can access to process all intracompany communications and thereby eliminate most of the company’s physical paperwork E-business,

Several automakers establish a central clearinghouse for purchasing engine part online from their longstanding network of the auto part suppliers. E-commerce ,B2C

A greeting card company establishes a web site where people can, for a fee, arrange for email messages and colourful, personalized attachments to be sent to the family members or friends celebrating birthday. E-business, B2C

Baseball card collector arranges the terms of a sale of a rare card to another collector via company’s auction site on the internet. E-commerce ,C2C

3. There is a difference between market and a marketplace. Market is defined as the demand for a particular product or brands for example how many people out there who buy or can actually buy the product. A market place on the other hand is where people buy and sell goods, do shopping, hangout with friends and so on. Examples of market places are bazaars, malls, supermarkets and so on.

4.

A hardware device that transmit web site access request to their final destination . ROUTER

A communication language used to link computer within network. ISP

A business that uses server devices to connect individual and businesses to the internet. IP/TCP

A text file automatically downloaded from some web site to a memory storage location on the device that a visitor used to access those site. COOKIE

An address that indentifies the location of a web site and thereby allows an individual to access that site using a browser program on a home computer. DOMAIN NAME

Software that a company uses to track how its customer navigate through its web site.

A network made up of other networks. IP/TCP

An electronic network that a company dedicates to its own internal use.INTRANET

5

Yes, I agree that the development of electronic commerce came about as a result of ri8vatization of the internet in the beginning of 1980’s. This is because the privatization of the internet paved way for more and more people to accept the use of the internet for their own private things. This privatization made it safe and secure for people to interact and hence do business over the internet.

6.

The internet has become more commercial because has grown so rapidly. The internet world is the fasted growing thing in the current world today. People are coming with innovations day in day out hence making it a good [platform for conducting business. Therefore the rapid growth of the internet has paved way for its commercialization.

7.

A person level of education attainment is strongly related to the likelihood of the internet access. This is because it is only at a particular education level that one gets exposed to the internet and understands how it works and therefore can be able to access and use it comfortably. The digital divide based on the differences in education attainment is likely to be related to the digital divide stemming from the income differences. This is because those from low income families most likely will not attain high education levels and hence will not be able to get the internet knowledge that comes with the different levels of education attainment.

8.

So far e-commerce has had a more significant impact. This is because many people have embraced the idea of buying and selling goods from the internet since it is easy and efficient. Therefore more and more businesses are applying e-commerce since it is a convenient way of carrying out business.

9.

Aggregate e-commerce transactions are harder to measure as compared to traditional business transactions. This is because the records of these transactions are not easily available and can easily be deleted therefore it can be difficult to terieve such information for purposes of calculations. The government can put in place regulations on the e-commerce business such that transactions are monitored hence making it possible for accounting to be done. There are objections to such a government action since people might argue that the government is prying on the privacy of these businesses.

10.

Yes, I agree that downturn on e-commerce would have a direct negative impact on the economy of the U.S this is many people are using this platform to carry out their business. It is not only the business owners that are in this but also people who create the websites and help in their maintenance. Therefore, a downturn in e-commerce will not only impact business owners but also other people who depend on e-commerce for employment and those that have invested in the industry.

References

Australian Trade Commision. (2014). E-business versus E- commerce. Retrieved August 31, 2014 from http://www.austrade.gov.au/e-business-versus-e-commerce/default.aspx