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9 Cards in this Set
- Front
- Back
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The conduct of commercial transactions witht he help of telecommunication systems
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electronic business
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a standard fromat that enables the transrer of commonly used business documents, such as purchase orders, and invoices, in electronic form
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Electronic Data Interchange
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The 3 componets of ebusiness
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1. products 2. processes 3. delivery mechanisms
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Consists of the steps required to get a good or service to a consumer
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value chain
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The process of eliminating intemediaries
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Disintermediation
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industry specific market places
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vertical hubs
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marketplaces that focus on business function, such as human recources or sales
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horizontal hubs
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marketing strategy that encourages individuals to pass on marketing messages to others
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viral marketing
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Small changes in demand that lead to wide fluctuations throughout the supply chain
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bull whip effect
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