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Principles of Information Systems ...

12th Edition
Ralph Stair + 1 other
Publisher: Cengage Learning
ISBN: 9781285867168

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BuyFindarrow_forward

Principles of Information Systems ...

12th Edition
Ralph Stair + 1 other
Publisher: Cengage Learning
ISBN: 9781285867168
Chapter 8, Problem 1RQ
Textbook Problem
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Briefly define the term electronic commerce, and identify six forms of electronic commerce based on the parties involved in the transactions.

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...

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Chapter 8 Solutions

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Ch. 8 - The average order size for B2C commerce is greater...Ch. 8 - The largest B2C retailer in the United States is...Ch. 8 - _________ of total retail sales is sold online. a....Ch. 8 - The Web has greatly enhanced the practice of...Ch. 8 - ______ is not a key challenge for e-commerce. a....Ch. 8 - The Internet Corporation for Assigned Names and...Ch. 8 - A(n) ________ is an electronic forum where...Ch. 8 - __________ is the direct sale of products or...Ch. 8 - An average of 75 percent of all online shopping...Ch. 8 - Some businesses are willing to _______ as a means...Ch. 8 - The ______ security standard spells out measures...Ch. 8 - Although companies can select from a number of...Ch. 8 - Web site hosting companies make it possible to set...Ch. 8 - The amount of storage capacity and computing power...Ch. 8 - Key Web site performance measures include response...Ch. 8 - Briefly define the term electronic commerce, and...Ch. 8 - How does the dollar volume of U.S. B2B e-commerce...Ch. 8 - Identify three top IS priorities related to...Ch. 8 - What region in the world has the greatest B2C...Ch. 8 - What tools are available to help shoppers compare...Ch. 8 - What are Web-influenced sales?Ch. 8 - Identify the six stages consumers experience in...Ch. 8 - Identify three key challenges that an organization...Ch. 8 - Outline at least three specific trust-building...Ch. 8 - What is electronic couponing and how does it work?...Ch. 8 - What is an electronic exchange? Identify and...Ch. 8 - What is the two-step authentication process...Ch. 8 - Why is it necessary to continue to maintain and...Ch. 8 - Identify the key elements of the technology...Ch. 8 - Briefly discuss three models for selling mobile ad...Ch. 8 - DiscussShould Congress implement a national...Ch. 8 - Why are many manufacturers and retailers...Ch. 8 - What is retargeting? What are some strategies used...Ch. 8 - What are some of the privacy concerns that...Ch. 8 - Identify three specific actions an organization...Ch. 8 - Identify and briefly discuss three reasons for the...Ch. 8 - Briefly describe the differences between a credit,...Ch. 8 - Identify and briefly describe three m-commerce...Ch. 8 - Discuss the use of e-commerce to control spending...Ch. 8 - Identify three kinds of business organizations...Ch. 8 - Identify five major global issues that deter the...Ch. 8 - Use PowerPoint or some other presentation...Ch. 8 - Your refrigerator just gave out and must be...Ch. 8 - Imagine that your team has been hired as...Ch. 8 - As a team, develop a set of criteria that you...Ch. 8 - Do research on the Web to find a dozen Web sites...Ch. 8 - Do research to identify three top organizations...Ch. 8 - For your chosen career field, describe how you...Ch. 8 - What are some of the privacy concerns that...Ch. 8 - What companies or industries might be more likely...Ch. 8 - Are people likely to use Facebooks current...Ch. 8 - Do research online to find out more about some of...Ch. 8 - How do other types of e-commerce, such as...Ch. 8 - Kramp sees e-commerce as a complement to its call...Ch. 8 - What is Kramps long tail strategy and why has it...Ch. 8 - What other types businesses and industries might...Ch. 8 - How does Altitude Onlines Web site contribute to...Ch. 8 - How will the new ERP system impact Altitude...Ch. 8 - How can companies like Altitude Online, which sell...Ch. 8 - Consider a company like Fluid by reviewing its...

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