Ad Wars
Ad blockers block online ads, but companies use techniques to get ads past the blockers, but shortly thereafter updates come out to counter those actions
B2B: Business-to-Business
supports transactions between businesses across private networks, the Internet, and the web
B2C: Business-to-Consumer (etail)
uses the web or mobile apps to connect individual consumers directly with commercial sellers
Bitcoin
Bitcoin is a digital currency introduced in 2008 to replace the common currencies of the world
Business Intelligence and Analytics
technologies that are used to gather and report information that supports business decision making
Business Systems
computer-based information systems that provide organizations with valuable information in a timely and effective manner
C2C: Consumer-to-Consumer
also called peer-to-peer, C2C ecommerce uses the web to connect individuals who wish to sell to other individuals
CRM: Customer Relationship Management
use of information systems to store detailed information on prospective, current, and past customers to improve customer service and support targeted marketing
Distributed Workforce
Ecommerce: electronic commerce
refers to systems that support electronically executed business transactions
Enterprise Systems
information systems designed to support all or most of the functions of an enterprise
E-Payment: electronic payment
electronic payment systems based on new technologies designed to do away with cash, credit cards, and wallets
ERP: Enterprise Resource Planning System
integrates all data processing in a corporation (enterprise) into one unified system
GIS: Geographic Information System
captures, manages, analyzes, and displays geographically referenced information, often utilizing maps
Globalization
refers to changes in societies and the world economy, resulting from dramatically increased international trade and cultural exchange
Host
An ecommerce host is a company that takes on some or all of the responsibility of setting up and maintaining an ecommerce website and system for a business
Informatics
applies computer-based information system technologies to support traditional disciplines such as science and medicine
Information Management
software and computer-based systems dedicated to collecting, storing, and manipulating data in a manner that produces useful information on which to base decisions
International Business Model
include methods of engaging in international business ranging from basic import/export to fully transnational businesses
KM: Knowledge Management
assists an organization in capturing, storing, and distributing knowledge for use and reuse by the organization and sometimes others
Mcommerce
ecommerce carried out over mobile devices
Offshoring
business practice that relocates an entire production line to another location, typically in another country
Online Marketing
employs many strategies to make consumers aware of goods and services available for purchase online
Outsourcing
refers to a business’ use of an outside company to take over portions of its workload
Reputation
Online reputation has become an important consideration when purchaseing online
Shipping
Shipping has become a major concern for ecommerce companies
SDLC: Systems Development Life Cycle
has six common phases: investigation, analysis, design, implementation, maintenance, and review
TPS: Transaction Processing System
an information system used to support and record transactions such as paying for products or paying an employee
Glossary: Ecommerce