Professional Documents
Culture Documents
CH 08
CH 08
Chapter 8
• Purchasing Online
o The most well-known B2C site is Amazon.com, whose IT
developments received U.S. patents that keep it ahead of
competition.
o Broader selection, lower prices, and easy searching and
ordering are featured through e-commerce.
o Electronic Wallet (e-wallet ): a software application that can
store encrypted information about a user’s credit cards, bank
accounts, and other information necessary to complete
electronic transactions.
• Sell-Side Marketplaces
o Where organizations sell their products or services to other
organizations from their own private website or from a third-
party site.
o Creates greater competition for sellers (a buyer advantage)
o Similar to B2C model, but the ‘C‘ is an organization.
• Amazon Business
• Alibaba wholesaling Chinese products
• Dell Computer auctions through eBay
• Overstock.com for obsolete of excess assets
• Sell-Side Marketplaces
o There are basically two types of e-commerce: direct and
marketplace. In direct e-commerce, organizations sell their
products or services to other organizations from their own
private website or one managed by a third party.
o This model is similar to the B2C model in which the buyer is
expected to come to the seller’s site, view catalogs, and place
an order. In the B2B sell-side marketplace, however, the buyer
is an organization.
o Marketplace e-commerce takes place on websites where the
products of many different companies can be purchased.
• Sell-Side Marketplaces
o The marketplace model creates much greater competition for
the companies that sell their products on the site and
therefore creates an advantage for buyers. For this reason,
some sellers prefer the direct model.
o A recent introduction of a B2B marketplace website is
Amazon Business.
o Alibaba is a wholesaling e-commerce site that primarily sells
products from Chinese manufacturers to other companies
around the world.
• Mobile Retailing
o The use of mobile technology to promote, enhance, and add
to value to the in-store shopping experience.
• Mobile Marketing
o A variety of activities used by organizations to engage,
communicate, and interact over Wi-Fi and
telecommunications networks with consumers using wireless,
handheld devices.
Vishing Again, similar to phishing, but the fraudulent communication comes in the form
of a voice or voicemail message encouraging the victim to divulge secure information.
Lost or stolen phone Lost or stolen cell phones can be used to conduct financial
transactions without the owner’s permission.