Principles of Information Systems (MindTap Course List)
13th Edition
ISBN: 9781305971776
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Expert Solution & Answer
Chapter 7, Problem 1RQ
Explanation of Solution
Electronic commerce:
- Electronic commerce is a method of buying and selling of products or goods through online. Here, money and data transactions are done using internet.
- Electronic commerce is also called as E-commerce or Internet commerce.
- Even though the technologies available such as e-mail, social media, and mobiles, the modern e-commerce mostly uses the Internet for the online purchasing of products.
- It is the most efficient method to communicate within the organization of business transactions such as maintaining the financial records of the users such as bank balances, name, and address. But it is just a part of e-commerce business.
Six forms of electronic commerce:
- It includes different forms of commerce based on the transactions performed.
- Business-to-Business (B2B)
- It includes the transactions performed between two different businesses like manufacturer and wholesaler, wholesaler and retailer and many such.
- Example: automobile manufacturing.
- Business-to-Consumer (B2C)
- It includes the transactions performed between the companies and the consumers or customers...
- Business-to-Business (B2B)
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
explain the concept of e-commerce and any six types of e-commerce to the management team
Define the term "separation of concerns" as it pertains to e-commerce. a.
What are the barriers to the implementation of electronic commerce?
Chapter 7 Solutions
Principles of Information Systems (MindTap Course List)
Ch. 7.1 - Prob. 1RQCh. 7.1 - Prob. 2RQCh. 7.1 - Prob. 1CTQCh. 7.1 - Prob. 2CTQCh. 7.2 - Prob. 1RQCh. 7.2 - Prob. 2RQCh. 7.2 - Prob. 1CTQCh. 7.2 - Prob. 2CTQCh. 7.3 - Prob. 1RQCh. 7.3 - Prob. 2RQ
Ch. 7.3 - Prob. 1CTQCh. 7.3 - Prob. 2CTQCh. 7.4 - Prob. 1RQCh. 7.4 - Prob. 2RQCh. 7.4 - Prob. 1CTQCh. 7.4 - Prob. 2CTQCh. 7.5 - Prob. 1RQCh. 7.5 - Prob. 2RQCh. 7.5 - Prob. 1CTQCh. 7.5 - Prob. 2CTQCh. 7 - Prob. 1SATCh. 7 - Prob. 2SATCh. 7 - Prob. 3SATCh. 7 - Prob. 4SATCh. 7 - Prob. 5SATCh. 7 - Prob. 6SATCh. 7 - Prob. 7SATCh. 7 - Prob. 8SATCh. 7 - Prob. 9SATCh. 7 - Prob. 10SATCh. 7 - Prob. 11SATCh. 7 - Prob. 12SATCh. 7 - Prob. 13SATCh. 7 - Prob. 14SATCh. 7 - Prob. 15SATCh. 7 - Prob. 16SATCh. 7 - Prob. 17SATCh. 7 - Prob. 1RQCh. 7 - Prob. 2RQCh. 7 - Prob. 3RQCh. 7 - Prob. 4RQCh. 7 - Prob. 5RQCh. 7 - Prob. 6RQCh. 7 - Prob. 7RQCh. 7 - Prob. 8RQCh. 7 - Prob. 9RQCh. 7 - Prob. 10RQCh. 7 - Prob. 11RQCh. 7 - Prob. 12RQCh. 7 - Prob. 13RQCh. 7 - Prob. 14RQCh. 7 - Prob. 15RQCh. 7 - Prob. 16RQCh. 7 - Prob. 17RQCh. 7 - Prob. 18RQCh. 7 - Prob. 1DQCh. 7 - Prob. 2DQCh. 7 - Prob. 3DQCh. 7 - Prob. 4DQCh. 7 - Prob. 5DQCh. 7 - Prob. 6DQCh. 7 - Prob. 7DQCh. 7 - Prob. 8DQCh. 7 - Prob. 9DQCh. 7 - Prob. 10DQCh. 7 - Prob. 11DQCh. 7 - Prob. 12DQCh. 7 - Prob. 2PSECh. 7 - Prob. 3PSECh. 7 - Prob. 1TACh. 7 - Prob. 2TACh. 7 - Prob. 3TACh. 7 - Prob. 2WECh. 7 - Prob. 1CECh. 7 - Prob. 2CECh. 7 - Prob. 3CECh. 7 - Prob. 1CTQ1Ch. 7 - Prob. 2CTQ1Ch. 7 - Prob. 3CTQ1Ch. 7 - Prob. 1CTQ2Ch. 7 - Prob. 2CTQ2Ch. 7 - Prob. 3CTQ2
Knowledge Booster
Similar questions
- Explain two computer breakthroughs that have contributed to improve e-commerce efficiency.arrow_forwardPlease provide an overview and description of various e-commerce strategies that can be implemented via the Internet, including various decision points such as selecting the most appropriate business model, payment options available, and designing and developing a successful Web site. Provide examples of each.arrow_forwardExplain how to create an e-commerce software that follows the principle of separation of concerns.arrow_forward
Recommended textbooks for you
- Principles of Information Systems (MindTap Course...Computer ScienceISBN:9781305971776Author:Ralph Stair, George ReynoldsPublisher:Cengage LearningFundamentals of Information SystemsComputer ScienceISBN:9781337097536Author:Ralph Stair, George ReynoldsPublisher:Cengage LearningPrinciples of Information Systems (MindTap Course...Computer ScienceISBN:9781285867168Author:Ralph Stair, George ReynoldsPublisher:Cengage Learning
- Enhanced Discovering Computers 2017 (Shelly Cashm...Computer ScienceISBN:9781305657458Author:Misty E. Vermaat, Susan L. Sebok, Steven M. Freund, Mark Frydenberg, Jennifer T. CampbellPublisher:Cengage Learning
Principles of Information Systems (MindTap Course...
Computer Science
ISBN:9781305971776
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Fundamentals of Information Systems
Computer Science
ISBN:9781337097536
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Principles of Information Systems (MindTap Course...
Computer Science
ISBN:9781285867168
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Enhanced Discovering Computers 2017 (Shelly Cashm...
Computer Science
ISBN:9781305657458
Author:Misty E. Vermaat, Susan L. Sebok, Steven M. Freund, Mark Frydenberg, Jennifer T. Campbell
Publisher:Cengage Learning