Details Title: BA 342 lecture final Description: Chapter 6 Total Flash Cards: 44 Created: 11/18/2008 07:29:58		New Users: To study from this flashcard set, or to create your own your own study flash cards, REGISTER HERE. Existing Users: CLICK HERE. Additional Business Flashcards
Cards in this set: Term Auction Definition A competitive process in which either a seller solicits consecutive bids from buyers or a buyer solicits bids from sellers, and prices are determined dynamically by competitive bidding Term Banners Definition Electronic billboards, which typically contain a short tect or graphical message to promote a product or a vender Term Bricks-and-mortar organizations Definition Organizations in which the product, the process, and the delivery agent are all physical Term Business-to-business (B2B) Definition Electronic commerce in which both the sellers and the buyers are business organizations Term Business-to-consumer (B2C) Definition Electronic commerce in which the sellers are organizations and the buyers are individuals; also known as e-tailing Term Business-to-employee (B2E) Definition An organization using electronic commerce internally to provide information and services to its employees Term Business model Definition The method by which a company generates revenue to sustain itself Term Buy-side marketplace Definition b2B model in which organization but needed products or services from other organization electronically, often through a reverse auction Term Channel Conflict Definition The alienation of existing distributors when a company decides to sell to customers directly online Term Clicks-and-mortar organizations Definition Organizations that do business in bothe physical and digital dimensions Term Consumer-to-consumer (C2C) Definition Electronic commerce in which both the buyer and the seller are individuals (not businesses) Term Cyberbanking Definition Various banking activities conducted electronically from home, a business, or on the road instead of at a physical bank location Term Cybersquatting Definition Registering domain names in the hope of selling them later at a higher price Term Digital wallet (e-wallet) Definition A software component in which a user stores secured personal and credit card information for one-click reuse Term Disintermediation Definition Elimination of intermediaries in electronic commerce Term E-business Definition A broader definition of electronic commerce including buying and selling of goods and services, as well as servicing customers, collaborating with business partners, conducting e-learning, and conducting electronic transactions within an organization Term E-government Definition The use of electronic commerce to deliver information and public services to citizens, business partners, and suppliers of government entities, and those working in the public sector Term E-procurement Definition Purchasing by using electronic support Term Electronic Commerce (e-commerce) Definition The process of buying, selling, transferring, or exchanging products, services, or information via computer networks, including the Internet Term Electronic Mall Definition A collection of indicidual shops under one Internet address Term Electronic marketplace Definition A virtual market s pace on the web where many buyers and many sellers conduct electronic business activities Term Electronic payment systems Definition Computer-based systems that allow customers to pay for goods and services electronically, rather than writing a check or using cash Term Electroinc Retailing (e-tailing) Definition The direct sale of products and services through storefronts or electronic malls, usually designed around an electroinc catalog format and/or auctions Term Electronic Storefront Definition The web site of a single company, with its own internet address, at which orders can be placed Term Forward auction Definition An auction that sellers use as a selling channel to many potential buyers; the highest bidder wins the items Term Functional exchanges Definition Electroinc marketplaces where needed services such as temporary elp or extra office space are traded on an "ass-needed" basis Term Group purchasing Definition The affrefation of purchasing orders from many buyers so that a volume discount can be obtained Term Horizontal exchanges Definition Electronic marketplaces that connect buyers and sellers across many industries, used mainly for MRO materials Term Mobile Commerce (m-commerce) Definition Electroinc commerce conducted in a wireless environment Term Multichanneling Definition A process through which a company integrates its online and offline channels Term Permission Marketing Definition Method of marketing that asks consumers to give their permission to voluntarily accept online advertising and e-mail Term Person-to-person payments Definition A forma of electroinc cash that enables the tranfer of funds between two individuals, or between an individual and a business, without the use of a credit card Term Pop-up ad Definition An advertisement that is automatically launched by some trigger and appears in front of the active window Term Pop-under ad Definition An advertisement that is automatically launched by some trigger and appeard underneath the active window Term Public exchange Definition Electronic marketplace in which there are many sellers and many buyers, and entry is open to all; it is frequently owned and operated by a third party Term Reverse auction Definition An auction in which one buyer, usually an organization, seeks to buy a product or a service, and suppliers submit bids, the lowest bidder wins Term Sell-side marketplace Definition B2B model in which organization sell to other organizations from their own private e-marketplace and/or from a third-party size Term Smart card Definition A card that contains a microprocessor (chip_ that enables the card to store a considerable amount of information (including stored funds) and to conduct processing Term Spamming Definition Indiscriminate distrubution of e-mail without the receivers permission Term Stored-value money card Definition A form of electroinc cash on which a fixed amount of prepaid money is stored; the amount is reduced each time the card is used Term Vertical exchanges Definition Electronic marketplaces that connect buyers and sellers in a given industry Term Viral Marketing Definition Online word-of-mouth marketing Term Virtual Bank Definition A banking institution dedidcated solely to Internet transactions Term Virtual organizations Definition Organizations in which the product, the process, and the delivery agent are all digital; also called pure-play organizations