-Internet is a powerfu channel that presents new opportunities for an organizational
: touch customers
: enrich products
:services with information
: reduce costs
The buyimh and selling of goods and services over the internet.
The conducting of business on the internet including , not only buying and selling, but also serving customers and collaborating with business partners
(E - business models)
-Business to business (b2b)
Electronic marketplaces : interactive business communities providing a central market where multiple buyers and sellers can engage in e-business activities.
-Business to consumer (b2c)
E-shop : a version of a retail store where customers can shop at any hour of the day without leaving their home or office.
E-mall : consits of a number of e-shops.
-Consumer to business (c2b)
Priceline.com is an example of a c2b e- business model.
The demand for c2b e-business will increase over the next few years due to customer's desire for greater convenience and lower princless.
-Consumer to consumer (c2c)
Electronic : seller and buyer solicit consecutive bids from each other.
Forward : seller use as a selling channel to many buyers and the highest bid wins.
Reverse : buyers use to purchase a products or servise, selecting the seller with the lowest bid.
Interest : people interact with each other on specific topics.
Relations : people come together to share certain life experiences.
Fantasy : people participate in imaginary environments.
E-BUSINESS BENEFITS AND CHALLENGES
1. Highly accessible
2. Decreased cost
3. Protecting consumers
4. Increasing liability
Web site that usea content from more than one source to create a completely new service.
- Application programming interface ( API)