Leaning Online

Before Studying "Chapter 2 E-Commerce Business Models and Concepts", we should read   The Revolution is just Beginning  in order to have proper understanding of E-commerce. Business Model A set of planned activities designed to result in a profit in  a marketplace. Business Plan A document that describes a firm’s business model. E-commerce business model A business model that aims to use and leverage the unique qualities of the Internet and the World Wide Web. Value proposition Defines how a company’s product or service fulfills the needs of customers. What makes the customer to buy your products. Value proposition includes those factors that help you to make your products saleable by creating good image of your products. Example: If the company is providing  the  best customer service to its customers, then it helps it in making its products saleable. Revenue Model Describes how the fir...

E-Commerce Use of Internet and web to transact business securely and privately. Commerce Ø Commerce is the exchange of items of value between persons or companies Ø Any exchange of money for a product, service or information is considered a transaction of commerce Ø Commerce is the branch of business. It is concerned with the exchange of goods & services. It includes all those activities, which directly or indirectly facilitate that exchange. E-Business Digital enablement of transaction and processes system within a firm, involving information system under firm’s control. Functions of Business Research & Development, HRM, Sales & Distribution and Marketing. Difference Between E-Commerce and E-Business                                     ...