E-BUSINESS ( ASSIGNMENT 1 )
1) What’s the difference between e-commerce and e-business?
The definition between e-commerce and e-commerce must be understood in other to comprehend what’s the difference between both terms.
Electronic commerce or e-commerce refers to various different online business activities for products and services. It also relate to “any form of business transaction in which the parties interact electronically rather than by physical exchanges or direct physical contact. This basically is normally connected to buying and selling over the internet.
E-commerce can also be defined as the use of electronic communications and digital information processing technology in business transactions to create, transform, and redefine relationships for value creation between or among organizations, and between organizations and individuals.
E-business can be defined as the transformation of an organization’s processes to deliver additional customer value through the application of technologies, philosophies and computing paradigm of the new economy.
E-Business can also be said to be the digital enablement of transactions and processes within a firm, involving information systems under its control.
The difference between both is that e-commerce enables transactions between and among firms/organizations and transactions between firms / organizations and individuals with the help of information and communications technology (ICT). On the other hand, in e-business ICT is used to enhance one’s business. It includes any process that a business organization either a for-profit, governmental or non-profit entity conducts over a computer-mediated network.
Given a case study of Priceline.com this is a Reverse-auction pricing system “Name your own price” business model. A new way of pricing products and services, Consumers can bid for travel, hotels rental cars and home financing. In 2002 they sold 2.9 million airline tickets, 4.1 million hotel room...