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24 Cards in this Set
- Front
- Back
An abstraction of what an enterprise is and how the enterprise delivers a product or service, showing how the enterprise creates wealth.
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Business model
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The time and money spent locating a suitable product and determining the best price for that product.
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Search costs
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Situation where the relative bargaining power of two parties in a transaction is determined by one pary in the transaction possessing more information essential to the transaction than the other party.
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Information asymmetry
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Measurement of the depth and deail of information that a business can supply to the customer as well as information that business collects about the customers.
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Richness
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Measurement of how many people a business can connect with and how many products it can offer those people.
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Reach
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Pricing of items based on real-time interactions between buyers and sellers that dtermines what an item is worth at any particular moment.
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Dynamic pricing
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A graphic display on a Web page used for advertising. The banner is linked to the advertiser's Web site so that a person clicking on it will be transported to the advertiser's Web site.
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Banner ad
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Ad that opens automatically and does nto disappear until the user clicks on it.
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Pop-up ad
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Web site or other service that provides an initial point of entry to the Web or to internal company data.
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Portal
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Business aggregating contact or application from multiple sources, packaging them for ditribution, and reselling them to third-party Web sites.
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Syndicator
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Business models based purely on the Internet.
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Pure-play
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Business model where the Web site is an extension of a traditional bricks-an-mortar business.
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Clicks-and-mortar
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Electronic retailing of products and services directly to individual consumers.
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Business-to-consumer (B2C) electronic commerce
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Electronic sales of goods and services among businesses.
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Business-to-business (B2B) electronic commerce
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Consumers selling goods and services electronically to other consumers.
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Consumer-to-consumer (C2C) electronica commerce
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The use of wireless devices, such as cell phones or handheld digital information appliances, to conduct both business-to-consumer and business-to-business e-commerce transactions over the Internet.
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Mobile commerce (m-commerce)
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The removal of organizations or business process layers responsible for ceratin intermediary steps in a value chain.
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Disintermediation
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The shifting of the intermediary role in a value chain to a new source.
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Reintermediation
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The tailoring of Web contact directly to a specific user.
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Web personalization
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An organizational department responsible for handling customer service issues by telephone and other channels.
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Call center
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Sourcing goods and materials, negotiating with suppliers, paying for goods, and making delivery arrangements.
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Procrement
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Another term for a private industrial network.
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Private exchange
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A single digital marketplace based on Internet technology linking many buyers to many sellers.
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Net marketplace
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Third-party Net marketplace that is primarily transaction oriented and that connects many buyers and suppliers for spot purchasing.
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Exchange
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