Market and e-commerce - E-Business
6 important questions on Market and e-commerce - E-Business
What is electronic data interchange (EDI)?
Electronic data interchange (EDI) is the concept of businesses electronically communicating information that was traditionally communicated on paper, such as purchase orders and invoices
Which four trend are currently dominant in the market under the influence of E-business?
2. There is an increasing number of network organizations and activities are outsourced more often
3. Speed and transparency are becoming more important
4. Services are becoming more extensive
Which four points does the E-commerce process includes?
* online order collection and invoicing
* automated order status information
* online payment and transaction settlement
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In which four ways could a company implement an E-commerce strategy?
- developing a dynamic, database-driven online catalogue
- making online ordering possible by integrating a front-end presentation on the web in a secure manner with extensive ERP applications in which transactions are recovered
- transferring the static data into an interactive web-based presentation server
- accepting electronic payment methods
What four things can a company achieve using E-commerce solutions?
- A company can increase margin because of lower costs of an online sales channel
- A company can cut back costs that are linked to processes based on the use of paper
- A company can reduce losses on interest through the use of electronic banking/ JIT payments
- A company can provide service to customers more quickly
What are the four p's of the marketing mix?
2. Product, in the application of E-business, the customer can make his own contribution to the development of the final product
3. Price, price becomes more important because customers are able to easily compare prices online
4. Promotion, communication goes direct and is also cheaper through the internet
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