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A MIDTERM > E-COMMERCE > Flashcards

E-COMMERCE Flashcards

1
Q

exchange of goods and services
between two or more entities physically.

A

COMMERCE

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2
Q

buying and selling products from person to person.

A

TRADITIONAL COMMERCE

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3
Q

Traditional street-side business that offerds goods and services to its customers face-to-face in an office or store that the business owns or rents

A

BRICK AND MORTAR

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4
Q

The local grocery store and the corner
bank are examples of _________

A

BRICK AND MORTAR COMPANIES

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5
Q

buy and sell goods and
services over the internet using technology such as
Electronic Data Interchange (EDI) and Electronic Funds
Transfer (EFT).

A

E-COMMERCE

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6
Q

buying and selling goods and services online.

A

DIGITAL COMMERCE

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7
Q

selling products via an internet or
mobile app,

A

ONLINE SELLING

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8
Q

transmission of data between organizations
by electronic means.

A

ELECTRONIC DATA INTERCHANGE

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9
Q

electronic exchange or transfer of money from one
account to another.

A

ELECTRONIC FUNDS TRANSFER

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10
Q

Conducting all business operations using digital
technology.

A

E-BUSINESS

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11
Q

Electronic Data Interchange (EDI) was developed,
allowing businesses to exchange documents electronically.

A

1960s

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12
Q

Who built the first online shopping platform using videotex?

A

MICHAEL ALDRICH

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13
Q

Modified TV set hooked to a telephone line

A

VIDEOTEX

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14
Q

the first online
marketplace, selling used computers

A

BOSTON COMPUTER EXCHANGE (1982)

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15
Q

WHO INVENTED THE WORLD WIDE WEB IN 1989?

A

TIM BERNERS-LEE

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16
Q

The Internet became publicly available, enabling online
transactions

A

1991

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17
Q

Netscape introduced SSL encryption, securing online
payments.

A

1994

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18
Q

Amazon and eBay were launched, revolutionizing
online retail and auctions.

A

1995

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19
Q

PayPal was founded, making online payments more
secure and convenient.

A

1998

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20
Q

Alibaba launched, becoming a major B2B e-commerce
platform.

A

1999

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21
Q

The dot-com bubble burst, but strong e-commerce
players survived.

A

2000

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22
Q

Amazon Prime was introduced, o

A

2005

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23
Q

Apple App Store launched, paving the way for mobile
commerce (m-commerce).

A

2008

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24
Q

Bitcoin was introduced, opening possibilities for
cryptocurrency transactions.

A

2009

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25
Instagram and Pinterest launched, influencing online shopping trends.
2010
26
Google Wallet launched, enhancing digital payments.
2011
27
Amazon launched Alexa, integrating AI into shopping experiences.
2015
28
Shopify grew, enabling businesses to set up online stores easily.
2016
29
TikTok gained popularity, later influencing social commerce.
2018
30
The COVID-19 pandemic accelerated online shopping, with grocery delivery and e-learning surging.
2020
31
Live streaming e-commerce became a major trend in China and expanded globally.
2021
32
Metaverse shopping and AI-powered recommendations gained traction
2022
33
TikTok Shop and social commerce grew significantly, changing how people shop online.
2023
34
Trends like voice commerce, drone deliveries, AI-driven personalization, and blockchain-based transactions continue to shape the future
2024
35
5 BUSINESS MODEL
(1) B2B (2) B2C (3) C2B (4) C2C (5) P2P
36
electronic trade that takes place between companies.
business to business
37
simplest and most recognizable form of e-commerce. Direct trade between companies and consumers
BUSINESS TO CONSUMER
38
given a venue to trade among themselves
CONSUMER TO CONSUMER
39
decentralized exchange of goods, services, or information directly between individuals, without the involvement of a central authority or business intermediary.
PEER TO PEER
40
Types of Electronic Payments
• Credit & Debit Cards • E-Wallets (Digital Wallets) • Online Banking & Fund Transfers • Payment Gateways • QR Code Payments • Cryptocurrency Payments • Contactless Payments (NFC) • Buy Now, Pay Later (BNPL)
41
Visa, Mastercard, JCB, and UnionPay enable cashless transactions.
CREDIT & DEBIT CARDS
42
Apps like GCash, Maya, PayPal, and Apple Pay
E-WALLETS
43
Bank apps and services like BPI Online, BDO Digital Banking, and Instapay
ONLINE BANKING & FUND TRANSFERS
44
Platforms like PayMongo, Xendit, and Dragonpay
PAYMENT GATEWAYS
45
Scanning QR codes for fast payments (e.g., GCash QR, Maya QR, WeChat Pay).
QR CODE PAYMENTS
46
Bitcoin, Ethereum, and other digital currencies
CRYPTOCURRENCY PAYMENTS
47
Tap-to-pay technology via Google Pay, Apple Pay, and RFID cards.
CONTACTLESS PAYMENTS
48
Services like Spaylater, BillEase, and Homecredit allow installment payments without a credit card.
BUY NOW, PAY LATER
49
order fulfillment method where the seller does not keep inventory
DROPSHIPPING
50
handle inventory storage, packing, and shipping on behalf of e-commerce businesses.
FULFILLMENT SERVICES
51
BENEFITS OF E-COMMERS
• GLOBAL REACH • 24/7 AVAILABILITY • DATA DRIVN DECISIONS • LOWER COSTS
52
Runs a business using traditional methods
BUSINESSMAN
53
Innovates and creates new business opportunities
ENTREPRENEUR
54
Prefers stable and tested business
BUSINESSMAN
55
Open to high risk ventures like startups
ENTREPRENEUR
56
Follow existing model
BUSINESSMAN
57
Uses digital tools to disrupt markets
ENTREPRENEUR
58
Profit-driven
BUSINESSMAN
59
Growth and impact driven
ENTREPRENEUR
60
involves using digital tools, social media, and e- commerce platforms to launch and grow businesses.
ONLINE ENTREPRENEURSHIP
61
It is driven by a tech-savvy youth population, growing gig economy, and increasing mobile usage.
ONLINE ENTREPRENEURSHIP
62
Theories in Entrepreneurship
• SCHUMPETER’S INNOVATION THEORY • OPPORTUNITY RECOGNITION THEORY • LEAN STARTUP METHODOLOGY
63
an Austrian economist, introduced the Innovation
JOSEPH SCHUMPETER
64
states that entrepreneurs drive economic growth by introducing innovations that disrupt existing markets and create new opportunities.
SCHUMPETER'S INNOVATION THEORY
65
was a Filipino food scientist, chemist, and war hero who is best known for inventing banana ketchup
MARIA OROSA
66
It suggests that opportunities exist independently or are created by entrepreneurs who recognize and act on them.
OPPORTUNITY RECOGNITION THEORY
67
who introduced the "lean startup methodology"?
ERIC RIES
68
approach to building businesses and products efficiently and e
LEAN STARTUP METHODOLOGY
69
any kind of business activity conducted over the internet.
ONLINE BUSINESS
70
online shop that sells physical or digital products directly to consumers.
E-COMMERCE STORE
71
a retail model where sellers list products online but rely on third-party suppliers for inventory and shipping
DROPSHIPPING BUSINESS
72
platform where multiple sellers list their products for buyers to purchase
ONLINE MARKETPLACE
73
Popular marketplaces where businesses and individuals sell various products.
Lazada & Shopee
74
a business that customizes and prints products like T-shirts, mugs, phone cases only after receiving an order.
PRINT-ON-DEMAND BUSINESS
75
business model where customers pay a recurring fee to access products or services.)
SUBSCRIPTION-BASED BUSINESS
76
earning commissions by promoting other companies’ products through referral links or content
AFFILIATE MARKETING
77
professionals offer personalized advice through virtual platforms
ONLINE COACHING & CONSULTING
78
well-known Filipino coach providing online educational content and training
Coach Lyqa Maravilla
79
selling educational materials, training, or courses online
DIGITAL COURSE & E-LEARNING BUSINESS
80
writing blogs, creating videos, or producing digital content that earns through ads, sponsorships, or affiliate marketing.
BLOGGING & CONTENT CREATION
81
creating video content and monetizing through ads, sponsorships, and memberships
YouTube Channel / Vlogging
82
building an online following and earning through brand sponsorships, collaborations, and exclusive content.
SOCIAL MEDIA INFLUENCING
83
providing professional services like writing, graphic design, web development, and virtual assistance.
FREELANCING & REMOTE SERVICES
84
buying products at a lower price and reselling them online for profit.
ONLINE RESELLING/BUY-AND-SELL
85
creating and selling mobile applications for various industries.
MOBILE APP DEVELOPMENT
86
offering software solutions on a subscription basis
SOFTWARE AS A SERVICE (SaaS)
87
CHALLENGES OF ONLINE BUSINESS
● High Competition ● Building Customer Trust ● Logistics and Delivery Issues ● Digital Payment Challenges ● Changing Online Trends ● Cybersecurity and Data Privacy Risks ● Customer Service and Returns
88
OPPORTUNITIES OF ONLINE BUSINESS
● Low Startup Costs ● Flexible Work Setup ● Data-Driven Decisions ● Diverse Revenue Streams ● Scalability ● Emerging Digital Solutions
89
Starting an online business in the Philippines requires compliance with government regulations, including __________, __________, and _________
business registration, tax obligations, and data privacy laws
90
WHO IS YOUR TARGET MARKET?
MARKET= P + PP + PN
91
EQUATION FOR BUSINESS SUCCESS IN OLD WAY
MONEY × MEDIA = BUSINESS
92
EQUATION FOR BUSINESS SUCCESS IN NEW WAY
TIME × MEDIA= BUSINESS
93
Requirements for Sole Proprietors
● At least 18 years old (or a minor with parental consent) ● A unique business name ● Payment of registration fees (₱200 - ₱2,000 depending on business scope)
94
Process of promoting product and services online
Digital marketing

A MIDTERM (2 decks)

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