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9 Cards in this Set

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