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Back to List of chapters 2-1 2-2 Area Segment Part 2 The Way of E-Trade Portraying E-Business in Business Leading Business on the Web 2 Segment 2-1 Why It's Essential E-business has affected the economy in endless ways.
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2-1 2-2 Section Chapter 2 The Nature of E-Commerce Characterizing E-Commerce in Business Conducting Business on the Web 2

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Section 2-1 Why It’s Important E-trade has affected the economy in innumerable ways. Fruitful e-trade business people are mindful of the particular points of interest and drawbacks of conduction business online and arrange likewise. Area 2-1 3

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e-business brand reliability mass customization worth chain flexible interest Section 2-1 Key Terms Section 2-1 4

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E-Commerce Environment Business in the old economy concentrated only on assembling physical merchandise. Today, in the new, electronic economy, learning creation is the essential business driver. Area 2-1 5

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E-Commerce versus E-Business In Chapter 1 you discovered that e-trade is business directed by means of electronic routines. E-business likewise alludes to electronic exchanges including the exchanging of responsibility for or administrations. The purchaser and dealer need to concur on a trade, whether financial or non-fiscal. Area 2-1 6

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E-Commerce versus E-Business Government, not-revenue driven associations, and companies all channel e-business . e-business any procedure a business conducts over a PC system Section 2-1 7

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Benefits and Characteristics of E-Commerce In the time of e-trade, the quantity of potential purchasers is boundless. Segment 2-1 8

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Benefits and Characteristics of E-Commerce The electronic commercial center is open 24 hours a day, 7 days a week. In this admiration, it has made the retail commercial center more client centered. All-hours e-trade postures different difficulties to organizations, which should now have the capacity to work viably whenever. Area 2-1 9

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Benefits and Characteristics of E-Commerce E-trade offers organizations a large number of successful and cheap approaches to reach new and existing clients. Segment 2-1 10

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Benefits and Characteristics of E-Commerce Web destinations empower organizations to track customers’ buying propensities. Segment 2-1 11

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Benefits and Characteristics of E-Commerce If a client won\'t acknowledge a substitute, notwithstanding when there are numerous other practically identical items accessible, he or she is exhibiting brand faithfulness . brand steadfastness alludes to a customer’s inclination for a specific item Section 2-1 12

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Benefits and Characteristics of E-Commerce Online retailers may have the capacity to sidestep numerous troublesome choices in regards to stock. Clients can not shoplift from a virtual store. Segment 2-1 13

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Benefits and Characteristics of E-Commerce With e-trade, there is a pattern toward mass customization . mass customization the creation of merchandise that offer specific decisions to standard purchasers Section 2-1 14

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Benefits and Characteristics of E-Commerce Mass customization impacts all parts of the worth chain . quality chain the grouping of outline, generation, and advertising endeavors a business behaviors to convey its items at the right cost and time When an organization streamlines its worth chain, efficiency and gainfulness for the most part increment. Segment 2-1 15

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Benefits and Characteristics of E-Commerce A virtual storefront is much speedier, less demanding, and less expensive to set up than a blocks and-mortar store. Online organizations can likewise be become rapidly, whether through cooperations with other e-organizations or by offering extra merchandise and administrations. Segment 2-1 16

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Benefits and Characteristics of E-Commerce The e-business environment cultivates flexible interest . flexible interest when estimating changes make an adjustment in the measure of products or administrations purchasers are willing to purchase at a sure value Section 2-1 17

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Section 2-1 Review What does it mean for an organization to “manage” its stock? How is an online company’s stock simpler to oversee than that of a blocks and-mortar business? In what manner can an organization streamline its quality chain? Why is it hard to charge a higher cost for a thing than your rivals in the e-business commercial center? 1. 2. 3. Segment 2-1 18

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Section 2-2 Why It’s Important There are a mixture of plans of action accessible for online organizations to take after. You can expand your chances for e-business accomplishment by acclimating yourself with the models and utilizing them further bolstering your good fortune. Segment 2-2 19

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plan of action business-to business-to-buyer purchaser to-shopper customer to business-to government-to-purchaser Section 2-2 Key Terms Section 2-2 20

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The Process of Buying and Selling Online whatever remains of this part investigates the diverse sorts of plans of action regular in e-trade. Segment 2-2 21

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E-Commerce Business Models If you plan to dispatch a business on the Web, you’ll need to give careful consideration and select the best plan of action for your e-trade wander. plan of action an arrangement of strategies, operations, assets, and advancements used to produce income Section 2-2 22

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E-Commerce Business Models business-to-business (B2B) business-to-buyer (B2C) delegate center point Common Business Models customer to-shopper (C2C) government-to-purchaser (G2C) buyer to-business (C2B) business-to-government (B2G) Section 2-2 23

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E-Commerce Business Models The most established and quickest developing type of e-trade, business-to-business (B2B) permits e-business to team up, accomplice, and offer examination and complex information with different organizations. business-to-business (B2B) plan of action that applies when a business executes data, merchandise, or administrations with another business Section 2-2 24

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E-Commerce Business Models Turning programs into purchasers, building client steadfastness, and satisfying client orders in an auspicious and agreeable way are all attentiveness toward business-to-shopper (B2C) locales. business-to-shopper (B2C) plan of action that applies to any business or association that uses the Internet to offer its items or administrations to purchasers Section 2-2 25

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E-Commerce Business Models Online barters are the most well-known gathering for buyer to-customer (C2C) e-trade. customer to-buyer (C2C) plan of action that permits purchasers to cooperate with each other online to execute merchandise and administrations Section 2-2 26

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E-Commerce Business Models A shopper to-business (C2B) model uses an opposite closeout situation: The business reacts to the consumer’s asked for item and its cost. purchaser to-business (C2B) plan of action in which the client starts the exchange, posting an expectation or longing to purchase a sure item at a sure value Section 2-2 27

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E-Commerce Business Models Businesses that offer on government contracts utilize the business-to-government (B2G) plan of action. business-to-government (B2G) plan of action that interfaces the private area to the administration commercial center Section 2-2 28

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E-Commerce Business Models The legislature to-shopper (G2C) plan of action permits residents to cooperate with government organizations on the web. government-to-buyer (G2C) plan of action that permits shoppers to effectively get to significant data from government offices Section 2-2 29

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E-Commerce Business Models Some organizations don’t purchase or offer items or buy administrations themselves. Rather they go about as a delegate, uniting purchasers and venders. A go-between center point is a business that goes about as an outsider or go-between in moving items from the producer to the end client. Area 2-2 30

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Section 2-2 Review Why do e-trade organizations endeavor to keep potential clients on their locales to the extent that this would be possible? What are some key difficulties confronting the B2C model? In what manner may the G2C model be useful to the normal customer? 1. 2. 3. Segment 2-2 31

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