Page 74 - Electronic Commerce

Introduction to Electronic Commerce

culture revenue model
49
customs broker shipping profile
data analytics smartphones
dot-com social commerce
e-procurement social networking site
electronic business (e-business) strategic alliance
electronic commerce (e-commerce) strategic business unit
electronic data interchange (EDI) strategic partners
electronic funds transfers (EFT) strategic partnerships
first-mover advantage supply management
freight forwarder supporting activities
hierarchical business organizations SWOT analysis
industry telecommuting
industry value chain telework
law of diminishing returns trading partners
localization transaction
machine translation transaction costs
market value-added network (VAN)
merchandising value chain
mobile commerce (m-commerce) value system
network economic structure vertical integration
network effect virtual community
primary activities virtual companies
procurement Web 2.0
pure dot-com wire transfer

Review Questions
1. Briefly describe the technologies that led businesses into the second wave of electronic
commerce.
2. Figure 1-5 lists sale/purchase of residential real estate as a type of business that is well
suited to a combination of electronic and traditional commerce. In one paragraph, identify
the elements of this service that would be best handled using traditional commerce, and
explain why.
3. Briefly describe the specific activities that a computer assembly operation might include in
B2B electronic commerce for its supply management or procurement operations.
4. Name and briefly describe the two business activities that were the earliest implementations
of electronic commerce.

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