Chapter 8 : E-Commerce

Question 1

How does the internet aid in all steps on the value chain analysis

Answer 1

1. Cutting out middlemen
2. Adding new offering to the website
3. Cutting out the middlemen

Question 2

Disadvantages of E-Commerce

Answer 2

1. Bandwidth
2. Security issues
3. Privacy issues
4. Not accessible to all
5. People’s preferences as not everyone want to shop online.

Question 3

Merchant

Answer 3

-Sells goods online
e.g CheckersSixty

Question 4

Brokerage (broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. )

Answer 4

Brings buyer and seller in contact with each other

Question 5

Informediary

Answer 5

collects information and sells it to others.

Question 6

Subscription e-commerce model

Answer 6

-Sells digital goods through regular subscriptions e.g News24, Disney+

Question 7

Mixed e-commerce models

Answer 7

A combination of different models

Question 8

Technologies that support e-commerce to take place

Answer 8

1. Electronic payment system
2. Web and mobile marketing
3. Search engine optimization

Question 9

Electronic payment systems

Answer 9

Making payments electronically all payments are online

Question 10

Web marketing

Answer 10

Marketing using the internet. e.g social media marketing

Question 11

Mobile marketing examples (similar to web marketing)

Answer 11

1. Scanning qr codes
2. Mobile search ads

Question 12

Search Engine Optimization

Answer 12

Setting up your website to generate maximum traffic

Question 13

hyper social organizations

Answer 13

use social media to their competitive advantage