MANAGEMENT INFORMATION SYSTEMS LOOSELEAF
MANAGEMENT INFORMATION SYSTEMS LOOSELEAF
16th Edition
ISBN: 9780135205518
Author: LAUDON
Publisher: PEARSON
Question
100%
Book Icon
Chapter 10, Problem 1RQ
Program Plan Intro

E-commerce:

  • E-commerce is also known as electronic commerce or internet commerce.
  • It is the process of buying and selling products online over the Internet.
  • Using e-commerce, customers can exchange the goods and services electronically with no barrier of time.

Explanation of Solution

Four business trends shaping e-commerce:

  • First business trend:
    • When comparing e-commerce with physical trade supplies and services, e-commerce is continuously increasing amongst the commerce.
    • Companies containing only physical trade supplies may start to view at getting an online occurrence according to keep to the new trends in e-commerce.
  • Second business trend:
    • The second business trend depends on mobile e-commerce.
      • It will start to take off in the US states with location based services.
  • Third business trend:
    • This business trend is based on the online demographics of shoppers.
      • It is develop to compare that of normal shoppers.
        • In this business trend, company ought to each demographics online.
  • Fourth business trend:
    • Here, the business trend is based on small business.
    • It means that the small businesses are coming into the e-commerce marketplace and are holding benefits of cloud based computing resources.
      • It implies that businesses are reducing costs in organization and it also turns better efficient and creative.
        • Improve the productivity and creation of corporate and small businesses using the below ways:
          • Reviewing the business models in given corporate...

Explanation of Solution

Features of e-commerce:

The eight unique feature of e-commerce is shown below:

  • Ubiquity:
    • Internet technology is accessible to the customers everywhere.
  • Global reach:
    • It displays that e-commerce grows to each part of the world.
    • It also allows commercial transaction among national boundaries.
  • Universal standards:
    • It is also called as universal standards.
    • These standards are used for organizing e-commerce business that is exchanged across the world.
  • Richness
    • Video, audio, and text messages are possible in these features.
      • These features are merged into single marketing message and consumer experience...

Explanation of Solution

Digital markets and digital goods:

  • Digital marketing is the process of building and maintaining the customer relationships over online procedures to enable the sharing of ideas, products, and services that satisfy the goals of both parties.
  • Digital goods mean goods that can be distributed by a digital network.
    • The digital goods are shipped to the customers electronically by using e-mail or download from the internet.

Distinguishing features in digital market and digital goods:

  • Features of digital markets
    • Digital market reduces the information asymmetry...

Blurred answer
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Database System Concepts
Computer Science
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:McGraw-Hill Education
Text book image
Starting Out with Python (4th Edition)
Computer Science
ISBN:9780134444321
Author:Tony Gaddis
Publisher:PEARSON
Text book image
Digital Fundamentals (11th Edition)
Computer Science
ISBN:9780132737968
Author:Thomas L. Floyd
Publisher:PEARSON
Text book image
C How to Program (8th Edition)
Computer Science
ISBN:9780133976892
Author:Paul J. Deitel, Harvey Deitel
Publisher:PEARSON
Text book image
Database Systems: Design, Implementation, & Manag...
Computer Science
ISBN:9781337627900
Author:Carlos Coronel, Steven Morris
Publisher:Cengage Learning
Text book image
Programmable Logic Controllers
Computer Science
ISBN:9780073373843
Author:Frank D. Petruzella
Publisher:McGraw-Hill Education