Ecommerce Question & Answer Assignment

Ecommerce Question & Answer Assignment 1. List two advantages and two disadvantages of e-commerce Advantages  Low financial cost to startup an enterprise  A business person is able to sell their wares internationally Disadvantages  Physical retail remains popular despite the apparent decline in sales  Buying online stops immediately after the site crashes 2. What are the nine categories of e-commerce?  Business-to-Business (B2B)  Business-to-Consumer (B2C)  Mobile Commerce (M-Commerce)  Facebook Commerce (F-Commerce)  Customer-to-Customer (C2C)  Customer-to-Business (C2B)  Business-to-Administration (B2A)  Consumer-to-Administration (C2A)  Peer-to-Peer (P2P) 3. Provide an example of five activities of the business-to- consumer e-commerce cycle. The following are the five activities of the B2C e-commerce cycle:  Sharing of informationSurname 2  Ordering of the product  Payment of the goods or services  Fulfillment/ Delivery  Service and Support from the business 4. Explain four major models of business-to-business e-commerce.  Supplier Oriented Marketplace- In this model, there is a high demand but a few suppliers. The business persons converge to one point where goodwill is paramount for the success of this model  Buyer Oriented Marketplace- This model encompasses a situation where there are many suppliers but a limited number of buyers with their own online marketplace. Here the buyer places items on an online platform and the sellers get their market.  Intermediary Oriented Marketplace-Alibaba is an example of an e commerce website that illustrates this model. It is a model where buyers and sellers meet and conduct business transactions