Test 2 Flashcards
(143 cards)
A plan that details how a company creates, delivers, and generates revenues on the internet
Ebusiness Model
Applies to businesses buying from and selling to each other over the Internet.
Business to Business
Applies to any business that sells its products or services to consumers over the Internet.
Business to Consumer
Applies to any consumer that sells a product or service to a business over the Internet.
Consumer to Business
Applies to sites primarily offering goods and services to assist consumers interacting with each other over the Internet.
Consumer to Consumer
3 Common Business to Consumer Models
Brick and Morter Business
Click and Morter Business
Pure Play (Virtual) Business
Website software that finds other pages based on keyword matching similar to Google
Search Engine
Evaluates variables that search engines use to determine where a URL appears on the list of search results
Search Engine Ranking
Combines art along with science to determine how to make URLs more attractive to search engines resulting in higher search engine ranking
Search Engine Optimization
Ebusiness Revenue Models (5)
Advertising fees License fees Subscription fees Transaction fees Affiliate model
6 Ebusiness Tools for Connecting and Communicating
Email IM Podcasting Videoconference Web COnferencing Connect Management System
4 Challenges of Ebusiness
IDentifying Limited Market Segments
Managing Customer Trust
Ensuring Consumer Protection
Adhering to Taxing Rules
3 Managerial decision-making challenges
Analyze large amounts of information
Apply sophisticated analysis techniques
Make decisions quickly
Define the problem as clearly and precisely as possible
Problem Identification
Gather problem Related data, including who, what, where, when, why and how. Be sure to gather facts, not rumors or opinions about the problem
Data Collection
Occur in situations in which a few established processes help to evaluate potential solutions, but not enough to lead to a definite recommended decision
Semistructured Decisions
Occurs in situations in which no procedures or rules exist to guide decision makers toward the correct choice
Unstructured Decisions
A simplified representation or abstraction of reality
Model
What type of decision is a transaction processing system
Structured Operational
What type of decision is a decision support system
Semistructured Managerial
What type of decision is an executive information system
Unstructured Strategic
Basic business system that serves the operational level and assists in making structured decisions
Transaction Processing System
Capturing of transaction and event information using technology to process, store, and update
ONline transaction Processing
The original transaction record
Source Document