We have learned the main distinctions between E-commerce and E-Business are
E-Commerce E-Business
Open system [statistics] Closed System
Not secured Secured
Deals more with technology Deals with processes needed to facilitate e-Commerce
Does not involve the use of EDI Used EDI
Always operate on Internet Always operates on intranet
Involves all types of commerce transaction Involves explicitly business transactions
Used for small and bulky transaction Used for bulky transaction
Focused on Business to consumer activities Focused more on business to business activities
Extension of a traditional business model E-business is an online business only
Now based on these nine distinctions, check your concept understanding:
1) What is the open system? How it is different from closed system
2) What is EDI? How it is useful?
3) What is internet and intranet?
4) What is the difference between commerce transaction and business transactions?
5) What is traditional business model?
E-Commerce E-Business
Open system [statistics] Closed System
Not secured Secured
Deals more with technology Deals with processes needed to facilitate e-Commerce
Does not involve the use of EDI Used EDI
Always operate on Internet Always operates on intranet
Involves all types of commerce transaction Involves explicitly business transactions
Used for small and bulky transaction Used for bulky transaction
Focused on Business to consumer activities Focused more on business to business activities
Extension of a traditional business model E-business is an online business only
Now based on these nine distinctions, check your concept understanding:
1) What is the open system? How it is different from closed system
2) What is EDI? How it is useful?
3) What is internet and intranet?
4) What is the difference between commerce transaction and business transactions?
5) What is traditional business model?
Answers:
ReplyDelete1)Open systems refer to systems that interact with other systems or the outside environment, whereas closed systems refer to systems having relatively little interaction with other systems or the outside environment.
2)EDI or Electronic Data Interchange is the virtual exchange of data or business documents in electronic format between trading partners. This exchange of documents is generally between buyer and supplier and consists of transferring purchase orders, invoices, payments, shipping notices and various other documents and by nature eliminates paper trails, improves operational efficiency and enhances virtual exchanges with new trading partners.
3)Internet - EDI or Electronic Data Interchange is the virtual exchange of data or business documents in electronic format between trading partners. This exchange of documents is generally between buyer and supplier and consists of transferring purchase orders, invoices, payments, shipping notices and various other documents and by nature eliminates paper trails, improves operational efficiency and enhances virtual exchanges with new trading partners.
Intranet - Intranet is the system in which multiple PCs are connected to each other. PCs in intranet are not available to the world outside the intranet. Usually each organization has its own Intranet network and members/employees of that organization can access the computers in their intranet.
4)Commerce transction involves all kind of commerce related activities and their transactions
Business transaction involves only specific transactions related to business activities
5)Traditional business is a local store which offers its services or products to its local customers. It is a set-up where customers will have to visit the store physically to buy the products.
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