ADMS 2511 Lecture Notes - Lecture 7: Universal Product Code, Wi-Fi, E-Commerce Payment System

• School: York University
• Department: Administrative Studies
• Course: ADMS 2511
• Professor: Carl Lapp

Document Summary

8. 1 importance of and examples of e-commerce types and associated business models electronic commerce - process of buying, selling, transferring, or exchanging products, services, or information via computer networks, including the internet. Electronic business (e-business) -buying and selling of goods and services, as well as servicing customers, collaborating with business partners, and performing electronic transactions within an organization. Virtual/pure-play fully digital ( purchasing software or ebook online) Click and motor/clicks and bricks- primary business is carried out physical while conducting some e commerce activities( online shopping with physical delivery of product to your door step) . Reasons that the use of the internet and of e-(cid:272)o(cid:373)(cid:373)er(cid:272)e took off i(cid:374)(cid:272)lude . Improved richness (depth and detail)- can do more with it. Improved reach (volume)-how far can you go: reduced information asymmetry (more equality of information)- more symmetrical now, asymmetry means its not balanced, therefore symmetry mean as much info is coming is in the amount that is coming out.