E-Business

Question 1

What is the difference between ebusiness and ecommerce?

Answer 1

Ebusiness describes the actual business and ecommerce describes the transactions associated with the business

Question 2

What are some of the domains in which ebusiness operates? (7 Domains)

Answer 2

B2C
B2B
C2B
C2C
B2E
G2B
G2C

Question 3

What is buy side?

Answer 3

Buy side is procurement from suppliers

Question 4

What is sell side?

Answer 4

Sell side is selling to customers and CRM

Question 5

What are some of the postive impacts of e-business

Answer 5

Speed
Convenience
Customization
Redefinition of product value
media flexibility

Question 6

What are some of the negative impacts of e-business?

Answer 6

Disintermediation & reintermediation

Channel Conflict

Question 7

What are some ebusiness models

Answer 7

Brokerage
Advertising
Infomediary
Merchant
Manufacturer
Affiliate
Community
Subscription
Utility

Question 8

Describe the following E-Business Model: Brokerage

Answer 8

A brokerage connects buyers and sellers: Example is Kijiji

Question 9

Describe the following E-Business Model: Advertising

Answer 9

An advertising model seeks to earn ad revenue by increasing traffic and clicks

Question 10

Describe the following E-Business Model: Infomediary

Answer 10

An infomediary is in the business of selling information

Question 11

Describe the following E-Business Model: Merchant

Answer 11

The merchant model is a business that sells goods online: Example would be chapters.ca

Question 12

Describe the following E-Business Model: Manufacturer

Answer 12

Manufacturers that sell direct to consumers online. Example would be levis.com

Question 13

Describe the following E-Business Model: Affiliate

Answer 13

Websites that earn revenue by driving traffic to other websites for a commission

Question 14

Describe the following E-Business Model: Community

Answer 14

Websites who derive their content from the community: Example would be Wikipedia

Question 15

Describe the following E-Business Model: Subscription

Answer 15

Websites that charge users a subscription fee in exchange for content: Example is Netflix

Question 16

Describe the following E-Business Model: Utility

Answer 16

Websites that have a pay as you go format. Example would be Skype charging for long distance calls

Question 17

What is disintermediation?

Answer 17

Cutting out the middle man (intermediary) Example would be a travel agent

Question 18

What is reintermediation?

Answer 18

Going back to the use of a middle man

Question 19

What is channel conflict?

Answer 19

When traditional channels are upset when they get cut out. Example would be Levi’s selling online and walmart getting upset

Question 20

What are the 4 main stages of developing an e-strategy?

Answer 20

Evaluation Stage
Strategy Development
Implementation Stage
Strategy Assessment

Question 21

What are the 2 main e-strategies?

Answer 21

First Mover

Market Follower

Question 22

What are some mistakes made by early ebusinesses?

Answer 22

Focus on price

Selling below cost

Question 23

What are some funding sources for an ebusiness startup?

Answer 23

Self Funding
Incubators
Angel Funding
Venture Capital
Investment Banker

Question 24

What are some opportunities presented by ebusiness to SME’s?

Answer 24

Reach a wider market at a lower cost

Question 25

What are some challenges that SME's face in eBusiness?

Answer 25

Pace of change Lack of expertise Website costs

Question 26

What are some professionals whose services are useful in E business?

Answer 26

``` IT Consultants IT Lawyers Management Consultants Business Analysts Accountants Auditors ```

Question 27

Breifly describe auditing and E-Business

Answer 27

Essentially checking to see how the firm is performing and if there are proper checks and balances and that they are working

Question 28

What is Cryptography?

Answer 28

The science of transforming data in order to hide its content. Modern day encryption uses mathmatics to scramble data.

Question 29

What is Encryption?

Answer 29

The process of converting plain text into crypto text

Question 30

What is Decryption?

Answer 30

Converting crypto text back to plain text

Question 31

What are the two main types of encryption technology?

Answer 31

Private Key Encryption Public Key Encryption

Question 32

What is Private Key Encryption?

Answer 32

Using a single secret key or algorithm to encrypt and decrypt a given message

Question 33

What is Public Key Encryption?

Answer 33

Using pairs of secret keys designed to work together. Combines a private key with a public key.

Question 34

What is a digital signature?

Answer 34

A cryptographic transformation of data which, when associated with an electronic file provides the services of authentication.

Question 35

What is a digital certificate?

Answer 35

Electronic ID that verifies the legitimacy of a website

Question 36

What is a certification authority?

Answer 36

A trusted third party that issues digital certificates?

Question 37

What is public key infrastructure?

Answer 37

PKI comprises the various policies and standards that make up the processes for public key encryption, digital signatures and digital certificates.

Question 38

what was the original idea that drove the creation if the internet?

Answer 38

Provide the US military with a de-centralized command and control capability in case if nuclear war

Question 39

What is Data Warehousing?

Answer 39

a single repository of data and information that is available to employees

Question 40

What is Data mining

Answer 40

analyzing data from the data warehouse