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Essential E-Commerce Terminology

Essay by   •  June 30, 2013  •  Study Guide  •  267 Words (2 Pages)  •  1,320 Views

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Chapter 01 Assignment: Essential E-Commerce Terminology

1). Consumer-to-consumer (c2c) - means individuals who sell and buy online with other consumers.

2). Smart phones- mobile phones with capabilities of operating systems that run software packages.

3). Virtually community- group of people who gather on the internet with similar interest.

4). E-commerce- online business activities which include trading with other businesses while supporting other activities like buying, selling and planning.

5). Social networking sites- sites that allow people to socialize online.

6). Culture- mixture of language and customs.

7). Bonded warehouse- location where international shipments come in and are held until customs and payments are satisfied.

8). Freight forwarder- company that handles all the international transactions of shipping and insurance.

9). Localization- consideration of the local environment which includes considering the cultural practices.

10). SWOT analysis- the consideration of strengths and weaknesses of businesses.

11). Law of diminishing returns- as activities yield less value the amount of consumption increases.

12). Strategic partners- a team that has come together for a specific goal or activity.

13). Strategic business unit- an autonomous part of a company which is big enough to manage itself but small enough to overcome changes.

14). Shipping profile- collection of characteristics which show how simply a product can be packaged and delivered.

15). Merchandising- the layout, design and product display knowledge.

16). Revenue model- business processes which identify customers, market the same customers and produce sales for the customers.

17). Mobile commerce- mobile phone based commerce.

BUS125 Ecommerce (pg. 2 cont'd)

26 March 2013

18). Electronic Funds Transfer- account exchange information over private communications networks.

19). Telework- employee uses company network from internet instead of going into office.

20). Transaction- exchanging something in value for a finished product.

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