e-Business

 1. What is an IP Address?  What is it’s main function?

An IP Address is defined as the basic communication language or protocol of the internet. It can also be  used as a communications protocol in a private network.

IP (internet protocol) this defined as the way that data is transferred from one computer to another basic function in transporting data between computers.

2.  What is Web 2.0, how does it differ from 1.0?

Web 2.0 is a set of economic, social and technology trends that collectively form the basis for the next generation of the internet- a more mature, distinctive medium characterised by user participation on, openness and network effects. Web 2.0 is referred to as the live web. Users can collaborate and build there own content. Business are using web2.0 to enable access to critical business  application for employees and customers.

 

3.  What is Web 3.0?

Web 3.0 is defined as a semantic web that encompasses the following:

• Transforming the web into a database.
• An evolutionary path to artificial intelligence.
• Search for information using different medias.
• Evolution toward 3D.

Web 3.0 uses the concept of Tagging to build information about you, your devices talk to each other and build intelligence about you.

 4.  What is e-Business, how does it differ from e-Commerce?

            E-business - the conducting of business on the internet including, not only buying and selling,

            but also serving customers and collaborating with business partners.

           This  looks into the business activities that may take place.

           The benefits of this are as follows:

• Highly accessible
• Increased customer loyalty
• Improved information content
• Increased convenience
• Increased global reach
• Decreased cost

          E-commerce - the buying and selling of good and services over the internet.

          E.g. Partial and pure.

5. What is pure and partial e-Commerce

Pure vs. Partial EC:

• The product can be physical or digital.
• The process can be physical or digital
• The delivery agent can be physical or digital.

Virtual organizations are companies that are engaged only in EC. (Also called pure play). While click-and-mortar organizations are those that conduct some e-commerce activities, yet their business is primarily done in the physical world. i.e. partial EC

6.  List and describe the various e-Business models?

• Business-to-business (B2B) - applies to business buying from and selling to each other over the internet.
• Business-to-consumer (B2C) - applies to any business that sells its products or services to customers over the internet.
• Consumer-to-business (C2B) - applies to any consumer that sells a product or service to a business over the internet.
• Consumer-to-consumer (C2C) - applies to sites primarily offering goods and services to assist consumers interacting with each other over the internet.

          

          7. List and describe the major B2B models?

Three most important are the sell-side B2B, buy-side B2B and electronic exchange.

          8. Outline 2 opportunities and 2 challenges faced by companies doing business online?

                Two opportunities include the following:

• Highly accessible - businesses can operate 24 hours a day, 7 days a week, 365 days a year.
• Decreased costs - conducting business over the internet is substantially smaller than traditional forms of business communication.

               Two challenges include the following:

• Protecting customers - customers must be protected against unsolicited goods and communication, illegal or harmful goods, insufficient information about goods or their suppliers, invasion of privacy and cyber fraud.
• Providing security - companies must protect their assets against accidental or malicious misuse. Customer information also needs to be protected from internal or external misuse.