eBusiness

1. What is an IP Address? What is its main function?


Internet protocol, way in which data is transferred from one data to another, Each computer has a unique IP address, transfers between internet and networks, a communications protocol



Interesting:

How to find your IP Address

2. What is Web 2.0? How does it differ from 1.0?


Web 1.0

One way internet: sites that don’t allow user participation, just read content

Web 2.0

Social networking sites, collaboration, user builds content, users can update e.g. Facebook, Myspace, more business opportunity e.g. Wiki’s where users can update contents.

3. What is Web 3.0?

Web 3.0

Semantic web- data basing the internet, using metadata, through metadata we can build a database of the internet and search for different sorts of media



4. What is e-Business, how does it differ from e-Commerce?

E-business: much broader than ecommerce: looks at all the other business activities that is going on besides buying and selling, e.g. advertising and marketing online, making sure funds go securely from purchaser to company, packing of goods , commerce: buying and selling of goods, requested acknowledgement of a sale, ecommerce; buying and selling online,

5. List and describe the various e-Business models?

Purer ecommerce: exchange of digital services on the web, no physical goods e.g. buying off itunes, partial ecommerce: physical attribute to the business Porters value chain

6. List and describe the major B2B models?

Major B2B models:

Seller side: one seller and many buyers, e.g. ebay, works in a ‘forward auction model’, as time goes along cost goes up

Buyer side: as time goes along, price should go down, buyer puts out conditions to a number of sellers, sellers come back to that response, end price is lowest price for best service

Electronic exchange: e.g ebay, medium or website where buyers and sellers can come together to see each other’s offers/goods, they don’t have to build a website themselves to run the ecommerce



7. Outline 3 opportunities and 3 challenges faced by companies doing business online?

Opportunites:

1. Reach a large target (store can be accessed worldwide)
2. Can sell goods at cheaper rate. No 'middleman' costs. Direct from producer to customer
3. Flexibility- open 24hrs!
Challenges:

1. Converting leads to sales
2. Patent and copyright issues
3. Security issues