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Electronic Commerce Basics. A group of two or more computers linked by cable or telephone lines. What is a Network?. Workstation. Workstation. Workstation. Connecting Hub. Server. A group of two or more networks. What is an Internet?. Workstation. Workstation. Workstation. Workstation.
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A group of two or more computers linked by cable or telephone lines. What is a Network? Workstation Workstation Workstation Connecting Hub Server
A group of two or more networks What is an Internet? Workstation Workstation Workstation Workstation Workstation Workstation Server Server
User in one network making business transactions with another network InternetUsed for e-Commerce Workstation Workstation Workstation Workstation Workstation Home Network Sales Company Server
E-Commerce: Buying and selling products and services on the Internet E-Business: The broader spectrum of business activities that are conducted over the Internet E-Commerce / E-Business
Increased sales opportunities Decreased transaction costs Operate 24/7 Reach narrow market segments which are widely distributed geographically Access to global markets Increased speed and accuracy of information Bring together buyers and sellers in one marketplace E-Business Advantages (for sellers)
Wider product availability Customized and personalized information and buying options Shop 24/7 Easy comparison shopping and one-stop shopping Access to global marketplaces Quick delivery of digital products E-Business Advantages (for buyers)
Rapidly changing technology Insufficient telecommunications capacity or bandwidth Difficulty integrating with existing systems Problems maintaining security and reliability Global market issues: language, politics, currency conversions Conflicted legal environment Shortage of skilled technical employees E-Business disadvantages (for sellers)
Concern over transaction security and privacy Lack of trust when dealing with unfamiliar sellers Desire to touch and feel products before purchase Resistance to unfamiliar buying processes, paperless transactions, electronic money E-Business disadvantages (for buyers)