Electronic Commerce (E-Commerce) - (correct answer)Process of buying, selling,
transferring, or exchanging products, services, or information via computer networks,
including the Internet
Electronic Business (E-Business) - (correct answer)Buying and selling goods, as well as
servicing customers, collaborating with business partners, and performing electronic
transactions within an organization
Degree of Digitization - (correct answer)Extent to which electronic commerce has been
transformed from physical to digital
Brick-and-mortar Organizations - (correct answer)Purely physical organizations
Virtual (Pure-play) Organizations - (correct answer)Companies engaged only in e-
commerce
Clicks-and-mortar Organizations - (correct answer)Organizations that conduct some e-
commerce activities, yet their primary business is carried out in the physical world
Business-to-Consumer E-Commerce (B2C) - (correct answer)Type of e-commerce
where the sellers are organizations and they buyers are individuals
Business-to-Business E-Commerce (B2B) - (correct answer)Type of e-commerce where
both the sellers and buyers are business organizations. The majority of e-commerce
volume
Consumer-to-Consumer E-Commerce (C2C) - (correct answer)Type of e-commerce
where an individual sells products or services to other individuals. I.e. Auctions &
Classified Ads
, Business-to-Employee E-Commerce (B2E) - (correct answer)An organization uses e-
commerce internally to provide information and services to its employees
E-Government - (correct answer)Use of internet technology in general and e-commerce
in particular to deliver information and public services to citizens and to business
partners and suppliers
Mobile Commerce (M-Commerce) - (correct answer)E-Commerce that is conducted
entirely in a wireless environment
Business Model - (correct answer)The method by which a company generates revenue
to sustain itself
Auction - (correct answer)Competitive buying and selling process in which prices are
determined dynamically by competitive bidding
Forward Auctions - (correct answer)Auction where sellers solicit bids from many
potential buyers
Reverse Auctions - (correct answer)Auctions where, one buyer, usually an organization,
wants to purchase a product or a service. Post a request for quotation (RFQ) and
suppliers then submit bids where lowest bid wins
Electronic Storefront - (correct answer)A website that represents a single store
Electronic Mall - (correct answer)Collection of individual shops under one Internet
address
Electronic Marketplace - (correct answer)Central, virtual market space on the web
where many buyers and many sellers can conduct e-commerce & e-business activities
transferring, or exchanging products, services, or information via computer networks,
including the Internet
Electronic Business (E-Business) - (correct answer)Buying and selling goods, as well as
servicing customers, collaborating with business partners, and performing electronic
transactions within an organization
Degree of Digitization - (correct answer)Extent to which electronic commerce has been
transformed from physical to digital
Brick-and-mortar Organizations - (correct answer)Purely physical organizations
Virtual (Pure-play) Organizations - (correct answer)Companies engaged only in e-
commerce
Clicks-and-mortar Organizations - (correct answer)Organizations that conduct some e-
commerce activities, yet their primary business is carried out in the physical world
Business-to-Consumer E-Commerce (B2C) - (correct answer)Type of e-commerce
where the sellers are organizations and they buyers are individuals
Business-to-Business E-Commerce (B2B) - (correct answer)Type of e-commerce where
both the sellers and buyers are business organizations. The majority of e-commerce
volume
Consumer-to-Consumer E-Commerce (C2C) - (correct answer)Type of e-commerce
where an individual sells products or services to other individuals. I.e. Auctions &
Classified Ads
, Business-to-Employee E-Commerce (B2E) - (correct answer)An organization uses e-
commerce internally to provide information and services to its employees
E-Government - (correct answer)Use of internet technology in general and e-commerce
in particular to deliver information and public services to citizens and to business
partners and suppliers
Mobile Commerce (M-Commerce) - (correct answer)E-Commerce that is conducted
entirely in a wireless environment
Business Model - (correct answer)The method by which a company generates revenue
to sustain itself
Auction - (correct answer)Competitive buying and selling process in which prices are
determined dynamically by competitive bidding
Forward Auctions - (correct answer)Auction where sellers solicit bids from many
potential buyers
Reverse Auctions - (correct answer)Auctions where, one buyer, usually an organization,
wants to purchase a product or a service. Post a request for quotation (RFQ) and
suppliers then submit bids where lowest bid wins
Electronic Storefront - (correct answer)A website that represents a single store
Electronic Mall - (correct answer)Collection of individual shops under one Internet
address
Electronic Marketplace - (correct answer)Central, virtual market space on the web
where many buyers and many sellers can conduct e-commerce & e-business activities
