Summary+of+E-commerce


 * Summary **** 2 **

** E- **** commerce **

** What is E-commerce? **

E-commerce (electronic commerce or EC) is the buying and selling of goods and services on the Internet, especially the World Wide Web. In practice, this term and a newer term,e-business, are often used interchangably. For online retail selling, the term e-tailing is sometimes used. In the electronic commerce involved, the electronic markets, the electronic data exchange and the internet commerce: ** Electronic Markets (EMs): ** are in use in a number of trade segments with an emphasis on search facilities. ** Electronic Data Interchange (EDI): ** is used for regular and standardized transactions between organizations. ** Internet Commerce: ** information and communications technologies can also be used to advertise and make once - off sales of a wide range of goods and services. This type of e-Commerce is typified by the commercial use of the internet.

** Categories of E-commerce ** ** Electronic commerce can be sub-divided into four distinct categories: ** The business-business: this category of electronic commerce has been well established for several years, particularly using electronic data interchange (EDI) over private. The business-consumer: this category has expanded greatly with the advent of the world wide wed. The business-administration: this category covers all transactions between companies and government organisations. This is all from the class guide, no paraphrasing. ** Advantages and disadvantages of E-commerce **
 * Business-business
 * Business-consumer
 * Business-administration
 * Consumer-administration

**Advantages of Ecommerce**
 * Faster buying/selling procedure, as well as easy to find products.
 * Buying/selling 24/7.
 * More reach to customers, there is no theoretical geographic limitations.
 * Low operational costs and better quality of services.
 * No need of physical company set-ups.
 * Easy to start and manage a business.
 * Customers can easily select products from different providers without moving around physically.

**Disadvantages of Ecommerce**
 * Any one, good or bad, can easily start a business. And there are many bad sites which eat up customers’ money.
 * There is no guarantee of product quality.
 * Mechanical failures can cause unpredictable effects on the total processes.
 * As there is minimum chance of direct customer to company interactions, customer loyalty is always on a check.
 * There are many hackers who look for opportunities, and thus an ecommerce site, service, payment gateways, all are always prone to attack.

These lists where taken from http://www.esalestrack.com/blog/2008/09/advantages-and-disadvantages-of.html ** E-commerce: Consumer to business-business to consumer **

Consumer-to-business (C2B) is an electronic commerce business model in which consumers (individuals) offer products and services to companies and the companies pay them. This business model is a complete reversal of traditional business model where companies offer goods and services to consumers (business-to-consumer=B2C). We can see this example in blogs or internet forums where the author offers a link back to an online business facilitating the purchase of some product (like a book on Amazon.com), and the author might receive affiliate revenue from a successful sale. This was taken from: http://en.wikipedia.org/wiki/Consumer-to-business

** Business to consumer: ** an online business is to be set up; there are several things which must be taken into consideration. One of the most important is the setting up of the website, the domain, through which the product will be known and the client can do business with the seller. Part of this process includes the selection of a server, whether Linux or Windows based. This is from the class guide.

** Examples in electronic commerce **

Some examples of E-commerce are:
 * IBS (http://www.bookshop.co.uk)
 * VIRTUAL VINEYARDS (htto://www.virtualvin.com)
 * BARCLAYS BANK (http://www.barclays.co.uk)

Summary Scoring Rubric


 * **Selection and phrasing of information from the reading ** || **Students performance ** ||
 * 2 |||| The writer includes most of the relevant information from the reading. Very few irrelevant details or no writer’s personal comments are included in the summary. He/she paraphrases all the information taken from the reading. ||  ||
 * 1.5 |||| Some irrelevant or inaccurate information is included in the summary. The writer includes some personal comments about the topic. Most of the information from the reading is paraphrased, but few parts of the summary may be copied from the reading. ||  ||
 * 1 |||| Irrelevant or inaccurate information is included in most of the summary. The writer’s opinion is reflected in most parts of the summary. Several parts of the summary are copied from the reading. ||  ||
 * 0.25 |||| Only irrelevant or inaccurate information from the reading is included in the summary. The summary is the writer’s opinion about the topic of the reading. Most or all the summary is copied from the reading. || X ||
 * **Language ** ||  ||
 * 1.5 |||| The text has very few minor errors of vocabulary, spelling, punctuation or grammar. ||  ||
 * 1 |||| The text has several errors of vocabulary, spelling, punctuation or grammar, but they do not impede text comprehension. ||  ||
 * <span style="display: block; font-family: 'Times New Roman','serif'; font-size: 13.3333px; text-align: center;">0.5 || <span style="font-family: 'Times New Roman','serif'; font-size: 13.3333px;">The text has numerous errors of vocabulary, spelling, punctuation or grammar that impede its comprehension frequently. ||  ||
 * <span style="display: block; font-family: 'Times New Roman','serif'; font-size: 13.3333px; text-align: center;">0 || <span style="font-family: 'Times New Roman','serif'; font-size: 13.3333px;">The text shows a lack of control of vocabulary, spelling, punctuation or grammar. || X ||
 * ||  || Luis this is in whole copied and pasted. You just varied your resources. ||   ||

**<span style="color: #0070c0; font-family: 'Arial','sans-serif'; font-size: 18.6667px;">TOTAL SCORE: 0.25/ 3.5 **