Chapter 1

Chapter 1

1. What is e-commerce? How does it differ from e-business? Where does it intersect with e-business?
E-commerce is the use of the internet and the web to transact business.

E-business refers to the digital enabling of transactions and processes in a firm

They cross at the point where internal business systems link up with suppliers or customers.

2. What are some of the unique features of e-commerce technology?
Global reach, Richness, Interactivity, Social Technology, ect.
3. What is Web 2.0? Give examples of Web 2.0 sites and explain why you included them in your list.
Web 2.0 is a set of applications and technologies that allows users to create, edit, and distribute content online.

YouTube- people can share their videos Myspace- people participate in virtual lives
4. Give examples of B2C, B2B, C2C, and P2P Web sites besides those listed in the chapter materials.
Half.com, 58k.com, Ebay, eDonkey

5. What factors will help define the future of e-commerce over the next five years?

Expected rise in revenues for e-commerce, e-commerce prices will rise to cover business costs, e-commerce margins will rise to that of typical retailers, cast of players will change radically, and the number of succesful pure online companies will remain smaller than integrated online/offline stores