The first prominent online retail (e-tail) merchant, Amazon.com, started as a bookstore in Seattle, Washington, and has since expanded to sell or facilitate the sale of a wide variety of products globally.
B2B is an abbreviation for business-to-business, referring to transactions or business conducted between two or more commercial organizations. These exchanges often occur via the Internet and encompass a wide range of industries and services.
B2C Internet Marketing involves direct interactions and transactions between businesses and consumers through online platforms, exemplified by companies like Amazon.com.
A business model that utilizes both online and offline operations, integrating e-commerce with physical stores for a seamless customer experience.
A transaction requiring that goods be paid for in full by cash or certified check at the point of delivery. Also known as Collect on Delivery with the same abbreviation.
A business model that integrates both online (e-commerce) and offline (physical premises) modes of operation to enhance customer experience and expand market reach.
Comparison Shopping is the process whereby a consumer gathers as much information as possible about particular products and services for comparison before purchasing them. It involves visiting stores, comparing advertisements, and conducting related research.
The term 'dot-com' refers to companies and businesses that operate primarily on the Internet and have a web presence, typically associated with the .com (commercial) domain extension.
Drop-Shipping is an e-commerce model where retailers sell products without storing them in their own inventory. Instead, customer orders are fulfilled directly by the supplier who ships the products directly to the end customer.
E-commerce refers to the use of the Internet to buy and sell goods and services. At the simplest level, a company will have a website showcasing product details and contact information.
eBay is an online auction and shopping website where people and businesses buy and sell a wide variety of goods and services worldwide. Established in 1995 and headquartered in San Jose, California, eBay operates as an online auctioneer, enabling individuals to buy and sell nearly anything through the Web.
Electronic commerce, commonly known as e-commerce, involves the buying and selling of goods and services over the internet. It encompasses various types of transactions, digital systems, and business models that operate online.
Information Technology involves the use of computers and other electronic means to process, distribute, and transfer information. Various networks, including Wi-Fi, satellite links, and mobile networks, facilitate tasks such as email communication, remote database access, and electronic funds transfer, playing a significant role in the globalization of markets.
Companies that market and sell products directly to consumers through catalogs and online platforms, shipping merchandise directly to customers' homes or offices.
Menu costs refer to the costs associated with changing prices, named after the expense that restaurants incur when they reprint menus following a price change. This concept is key to understanding price stickiness in economics.
Mobile commerce (M-commerce) involves electronic commerce transactions conducted using wireless devices and Internet access instead of traditional PC-based technology. It allows users to shop, bank, pay bills, and conduct other commercial transactions directly from their mobile devices.
Retailing done without conventional store-based locations. Nonstore retailing includes services such as internet retailing, vending machines, direct-to-home selling, telemarketing, catalog sales, mail order, and television marketing programs.
Order processing encompasses all the activities required to prepare, confirm, and fulfill a customer order. It includes steps such as order receipt, sorting, lining, picking, packing, and shipping, aiming to ensure timely and accurate delivery.
In the context of auctions and competitive bidding, 'outbid' refers to placing a higher bid than a competitor. A person who has been outbid has lost the auction to the highest bidder.
A secure online system that enables account holders to pay for goods or services and arrange money transfers over the Internet. It operates in 203 currencies worldwide.
A Point of Sale (POS) is the location where a purchase transaction occurs between a consumer and a business, finalizing the sale of goods or services.
Presentment refers to the process of presenting a financial instrument for payment. It's commonly used in online billing where invoices are sent to customers digitally after their orders have been fulfilled.
A product image is a visual representation used in marketing and advertising to promote and describe a product.
Retailing involves the business practice of selling products and services directly to the public, targeting the ultimate consumer rather than wholesalers or manufacturers.
UDDI is a standard that serves as an electronic directory for businesses to register and discover each other over the Internet, facilitating the integration of e-commerce systems.
