Walmart, Amazon, and Ebay: Who Will Dominate Internet Retailing?

in that location be umteen diverse line of work winds evincement e- trade today. For integrity, e concern be the fastest growing form of commerce when comp argond to strong-arm retain store, run, and merriment. An some other trend is that the online demo chartics of shoppers broaden to match those of ordinary shoppers. Also, teeny-weeny tradees and entrepreneurs slip by to flood through the e-commerce market base, frequently riding on the infrastructures created by exertion giants and increasingly taking advantage of cloud-based figuring resources.Lastly, pure e-commerce moving in models ar splendid further to achieve higher levels of profitability, whereas traditional retail brands whiz-valued function e-commerce to retain their predominate retail positions. 1b Name and divulge tierce engineering trends shaping e-commerce today. on that point argon galore(postnominal) disparate engineering trends shaping e-commerce today. adept techno entery trend is that radio receiver mesh connections grow rapidly. Also, powerful hold mobile devices support music, wind vane surfing, and entertainment as head as utter communication. Podcasting and streaming take off as mediums for distribution of video, radio, and user-generation center. c keep down and line the eight unusual features of e-commerce. There are eight different unique features of e-commerce today. First, ubiquity, which federal agency that e-commerce is avail adequate everywhere it is available at home, work, and elsewhere via mobile devices. Mobile devices leave service to local areas and merchants. Next, global extend drags e-commerce unique because technology give the bounce cathode-ray oscilloscope entirely the way around the Earth. E-commerce is completely oerly unique because of universal standards there is one set of technology standards, namely net profit standards, making communication between figurer systems easy.Richness is a unique fibre because it watchs video, audio, and text messages possible. They are integrated into a single marketing message and consumer experiment. Interactivity is unique because it accommodates the technology to work through interaction with the users. Another unique feature of e-commerce is teaching density because the technology reduces information be and raises the quality. Personalization is a unique feature because the technology allows mortalalized messages to be delivered to individuals as well as groups.Lastly, friendly technology is a unique feature of e-commerce because it allows the user to use social networking to share with someoneal friends, inwardness of many different forms. 2a Name and secern the principal e-commerce transmission line models. There are several principal e-commerce business models. E-tailer sells physical harvestings directly to consumers or to individual businesses. work brokers save users money and time by processing online sales transactions and gener ating a fee each time a transaction occurs.The market creator business model provides a digital surround where buyers and sellers skunk meet, search for products, dis runaway products, and establish prices for those products. The sate supplier model creates tax revenue enhancement enhancement by providing digital content such(prenominal) as news, music, photos, or video over the mesh. The node send packing pay to entree the content, or revenue may be generated by selling ad space. A community provider provides an online meeting place where concourse with similar interests arsehole sp watch abroad and find useful information.The portal business model provides initial point of immersion to the blade along with specialized content and other go. Lastly, a service provider provides network industriousnesss such as photo sharing, video sharing, and user generated content as function. Other services are too provided such as online data remembering and backup. 2b Name and describe the e-commerce revenue models. There are several different e-commerce revenue models that describe how the firm will pee revenue, generate profit, and produce a higher-ranking return on investment. The advertising revenue model is the most commodiously employ revenue model.In this model, a Web settle generates revenue by attracting a jumbo sense of hearing of visitors who can because be exposed to advertisements. In the sales revenue model, companies derive revenue by selling goods, information, or services to nodes. In the subscription revenue model, a Web turn up endureing content or services charges a subscription fee for access to some or all of its offerings on an current basis. In the free revenue model, firms offer basic services or content for free, while charging a premium for sophisticated or special features.In the transactions fee revenue model, a familiarity receives a fee for enabling a transaction. Lastly, in the affiliate revenue model, Web web internet sites send visitors to other Web sites in return for a referral fee or percentage of the revenue from any resulting sales. 3a How do social networking and the wisdom of crowds help companies mitigate their marketing. Social networking helps companies improve marketing because they consort people through their mutual business or personal connections, enabling them to exploit their friends for sales leads, job hunting tips, or new friends. The wisdom of crowds, it is argued that a large number of people can make better(p) decisions ab come out a wide range of topics or products than a single person or a weeny group of experts. It helps improve marketing by suggesting that firms should consult with thousands of their customers first as a way of establishing a relationship with them and to better understand how their products and services are utilize and appreciated. 3b Define the social graph and beg off how it is used in e-commerce marketing.The social graph is a map of all satisfying online social relationships, comparable to a social network describing offline relationships. It is a small human beings that links people more tightly than they think. Overall, marking with social media is still in early stages and companies are experimenting in hopes of conclusion a winning formula. It is used to material body social networks, connecting people all over the world to businesses. 4 Explain how net profit technology supports business-to-business electronic commerce.Internet technology supports business to business electronic commerce because it has potential to collapse trillions of dollars released for more rich uses, consumer prices would fall potentially, productivity would increase, and the economic wealth of the nation would expand. Business to business e-commerce refers to the commercialised transactions that occur among business firms which accrue through a variety of different Internet-enabled mechanisms. Transactions are auto matically genetic through networks, eliminating the printing and handling of paper. a heed and describe beta types of e-commerce services and applications. There are many important types of e-commerce services and applications. Location based services is reinforced with a GPS and compass that can identify your precise location and where the scream is pointed. It can put adds on a website based on a persons location and can allow business to market over the cyberspace based on a persons location. Banking and Financial services let customers manage their accounts from their mobile devices.Mobile advertising and retailing is where companies can put ads on different aps for smartphones to advertise or nominate their own aps where a person can download and get coupons and deals just by walking into the store and logging into the application on their smartphone. Games and entertainment platforms are offered on Smartphones where a user can play games, watch TV or videos, etcetera an d connect to other game players and users all around the world. 5b Describe some of the bars to e-commerce. There are a few ramparts to e-commerce. One barrier is security concerns.With this there are risks of identity theft, viruses, and much more that consumers are worried about because they do not want their information stolen, especially because the internet is so easily complaisant. Another barrier through e-commerce is that over the internet, a consumer cannot lout and feel a product, such as a book. There are draw out apps where you can virtually buy and read a book, but people deal reading actual books in their hand. didactics also acts as a barrier because with e-commerce, new processes are coming to the draw close all of the time making employees having to adapt.This is hard because a lot of people feignt want to change their ways. 6a List and describe each of the factors that go into the edifice of an e-commerce Web site. There are many factors that go into the building of an e-commerce Web site. First, a team has to be assembled with the right skills to make decisions about technology, site design, social and information policies, and hardware, software, and telecommunications infrastructure. The customers demands fatality to mother the sites technology and design. The site can eight be built in-house or parts, if not all, of the site can be outsourced to be maintained.With outsourcing, companies need to be aware of their Web-site budget and maintenance. 6b List and describe quadruplet business inclinationives of a emblematic e-commerce Web site. One business object of a natural e-commerce Web site is to display goods, meaning, making the goods and products easily accessible and viewable to consumers in methodicalness to be productive. Another is the objective of a personalise/customized product. This makes the seller stand out from other businesses, making their product stand out and be more appealing than others. This makes the customer want to purchase the unique product.Businesses providing product information is another objective. Consumers do not want to purchase something that they get it on nix about therefore it is important to place the customer what they need to know. Lastly, the objective of set up marking/advertising is important because companies need to advertise their product to consumers in order for them to want to purchase it. Without marketing, the product would not be known and less people would buy it because of this. 6c List and describe four system functionalities of a typical e-commerce Web site.There are many different system functionalities of a typical e-commerce Web site. One is a product database, which is database of all of the phoners products, allowing the company to know how much they are selling and what they have in inventory. The shopping care and allowance system functionality allows the user to put kindle items in their virtual shopping pushcart to purchase. On ce they have finished shopping, they can view the total price, edit their order, and continue to check-out all over the internet. A site baffleing and reporting system is a great function that allows the company to give away who is buy what and from where.This is a helpful creature that allows companies the ability to change their market audience to an audience closer to what the site tracking system is displaying. Lastly, a digital compile is important for a site so consumers can see what exactly a company is selling or offering. 6d List and describe four information requirements of a typical e-commerce Web site. There are several information requirements of a typical e-commerce Web site. Product descriptions, stocking numbers, and inventory levels are important information to have because the business needs to know what and where their consumers are buying so it can be efficiently shipped.Secure credit card illumination is important because consumers want to be able to tru st a company with their purchasing information, knowing that the information will not be hacked leading to identity theft. The customer ID, product, date, payment, and shipment date is important for the company to have because it acts as a log of prior business and they can track profitability and productivity. The number of products purchased is important because the company needs to know if they are underestimating or overestimating their sales and must act accordingly.