Week 4 Questions, E-Business

Chapter 3 Questions

1. Why has the web grown so dramatically?

> A world wide collection of millions of computers

A network of networks

Enables us to access vast amounts of information

Search Engines are a key Technology

Getting the right information can be a challenge

2. What is Web 2.0, how does it differ from 1.0?

Web 2.0 is referred to as the Live Web. Users can collaborate and build their own content.This differs from 1.0, where it no longer just links text, but links people, where instead people are actively involved in the creation through; tagging, blogs, wiki etc. 

3.How could a web 2.0 technology be used in business?

CEO’s using Blogs to enhance communication, build trust, supplement press releases and talk from the heart.

rss= statistics, or potential consumers with info 

4.  What is eBusiness, how does it differ from eCommerce?

E business also refers to online exhcnages of information (serving of customers & collaborating with business partners), where ecommece is just the buying and selling of goods (online transactions.)

5. What is pure and partial eCommerce

-The product can be physical or digital.

-The process can be physical or digital

-The delivery agent can be physical or digital.

6.  List and describe the various eBusiness models?

- B2B - Business to business- businessess buying and selling to eachother over the internet. Online access to data (shipping date, delivery date, status etc.) - *electronic marketplaces*

- B2C - Business to consumer - products services to consumers over internet. eg. e-shop, e Mall

- C2B- consumer to businesse. eg webmaster offering advertsing services to Amazon.com

- C2C- consumer to consumer; goods and services to eachother, eg online auctions

7. List and describe the major B2B models?

- The major B2B Models is electronic marketplaces (e-marketplaces) which primary goal is to increase market efficiency by tightening and automating the relationship between buyers and consumers.

8. Outline 2 opportunities and 2 challenges faced by companies doing business online?

Two opportunities:

- Increased customer loyality

- Highly accessable

Challenges:

- Protecting consumers: by the unsolicited goods/ services, which may be illegal or harmful.

- Providing security.