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BA 342 lecture final
Chapter 6
44
Business
Undergraduate 3
11/18/2008

Additional Business Flashcards

 


 

Cards

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
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