Electronic Commerce: Applications and Issues

·         E-business makes it possible to do e-commerce.

·         In pure e-commerce everything is done electronically while in partial e-commerce some work is done electronically and the other is done physically.

·         Virtual organizations use full technology.

·         Types of e-commerce include: B2B, B2C, C2C, B2E and m-commerce.

·         M-commerce is about buying and selling through mobile phones.

·         Auctions can be done through a computer.

·         Forward auction has one seller and many buyers but reverse auction has many buyers and many sellers.

·         Creating a website and displaying the products is known as online direct marketing.

·         Membership is a website that asks you to register so they can sell their products to you.

·         Benefits of e-commerce:

1-      Sell products for locally and internationally.

2-      No need to spend a lot of money.

3-      Do business anytime and anywhere you wish.

·         Online service industries include: cyberbanking, e-bank, online securities trading, online job market and travel services.

·         Exchange is like a market.

·         Vertical exchange is buying and selling within one industry but horizontal exchange is buying and selling in different industries.

·         Signs are electronically made in e-checks.

·         Ethical and legal issues of e-commerce include: privacy, fraud on the internet, domain name competition, cybersquatting, taxes and copyright.