E-Commerce · Unit 2 · 8 hrs
E-commerce Business Model
Exam-focused notes for E-commerce Business Model (E-Commerce, CSC381): what the TU syllabus asks and how it has actually been tested, with 9 solved past questions from this unit.
What this unit covers
- E-commerce Business Model
- Elements of Business Model
- Types of Revenue Models
- B2C Business Models: E-tailer, Community Provider, Content Provider, Portal, Transaction Broker, Market Creator, Service Provider
- B2B Business Models: Net Market Places (E-distributer, E-procurement, Exchanges, Industry Consortia), Private Industrial Networks (Single Firm, Industry Wide)
- Electronic Data Interchange (EDI)
- EDI Layered Architecture
- EDI in E-commerce
- E-commerce and Industry Value Chain
- Firm Value Chain
- Firm Value Web
- Case Studies of Global and Local E-commerce Systems
B2B Business Models
What is B 2 B e-commerce? Discuss various B 2 B business models.[10]
Business-to-Business (B2B) e-commerce is a type of e-commerce in which both transacting parties are businesses. In B2B e-commerce, commercial transactions, exchange of information, products, services, and payments take place electronically between two or mo...
Full solved answer →How are exchanges different from industry consortiums? [5]
An exchange market is an independent digital marketplace where hundreds of suppliers meet a smaller number of very large commercial purchasers. Key characteristics of exchanges: - They are independently owned (not owned by the industry participants themselv...
Full solved answer →Elements of Business Model
What is competitive advantage in a business model? How can firms achieve competitive advantage using dimensions of asymmetry, complementary resources, perfect market and leverage?[10]
Competitive advantage is achieved by a firm when it can produce a superior product and/or bring the product to market at a lower price than most, or all, of its competitors. In simpler terms, competitive advantage refers to the set of unique qualities, capa...
Full solved answer →What is e-commerce business model? Describe the key elements of e-commerce business model.[10]
A business model is a set of planned activities designed to result in a profit in a marketplace. The business model spells out how a company makes money by specifying where it is positioned on the value chain. An e-commerce business model aims to use and le...
Full solved answer →Electronic Data Interchange
What is EDI? Describe the significance of EDI in e-commerce? Justify your answer with an example. [5]
Electronic Data Interchange (EDI) is the computer-to-computer exchange of standard business documents (such as purchase orders, invoices, shipping notices, and payment confirmations) between organizations in a structured, electronic format, without human in...
Full solved answer →What is EDI? How EDI is used in ecommerce. How EDI has influenced information flow in international trade?[10]
--- Electronic Data Interchange (EDI) is a communications standard for sharing business documents and settlement information among business partners or companies. It is a set of standards for structuring information that is to be electronically exchanged be...
Full solved answer →B2C Business Models
Explain different types of B2C business models with examples.[10]
B2C (Business-to-Consumer) e-commerce refers to online transactions conducted directly between a company and consumers who are the end-users of its products or services. Several distinct business models have emerged in the B2C space, each with a unique appr...
Full solved answer →Firm Value Chain
Describe firm value chain and form value web. Mention their significance in e-commerce. [5]
The set of activities a firm engages in to create final products from raw inputs is called the firm value chain. Each step in the process of production adds value to the final product. The concept of value chain can be used to analyze a single firm's operat...
Full solved answer →E-commerce and Industry Value Chain
What is industry value chain? Mention the generic players in the value chain. [5]
Value chain is an interconnected set of value-adding activities for a product from its raw inputs to final products and services. It describes the complete journey of a product, starting from raw materials through production, distribution, and ultimately re...
Full solved answer →Make Unit 2 stick
Practice CSC381 with flashcards & quizzes