NAME:________________________________ VOCATIONAL SKILLS FOR BUSINESS GRADE 10 Types of E-Commerce Electronic commerce is generally considered to be the sales aspect of EBusiness. It also consists of the exchange of data to facilitate the financing and payment aspects of business transactions. 1. Document delivery in supply chain and logistics It is the sending of documents using the internet in soft copies to make the delivery faster and efficient. 2. Domestic and international payment systems International payment systems, including cash, checks and other drafts, electronic transfers, and credit cards can be used through the internet. 3. Group buying Group buying, also known as collective buying obtains products and services at significantly reduced prices on the condition that a minimum number of buyers agree to make the purchase. Popular examples of group buying are Groupon and Living Social. 4. Automated online assistants An automated online assistant is a program that uses artificial intelligence to provide customer service or other assistance on a website. Automated online assistants have the ability to provide customer service during 24 hours a day and 7 days a week, and may, at least, be a complement to customer service by humans. 5. Online shopping Online shopping is a form of electronic commerce whereby consumers directly buy goods or services from a seller over the Internet without an intermediary service. When a business buys from another business it is called business-to-business (B2B) online shopping. E-commerce has grown in importance as companies have adopted Pure-Click and Brick and Click channel systems. • Pure-Click companies are those that have launched a website without any previous existence as a firm. It is imperative that such companies must set up and operate their e-commerce websites very carefully. Customer service is of paramount importance. • Brick and Click companies are those existing companies that have added an online site for e-commerce. Initially, Brick and Click companies were skeptical whether or not to add an online e-commerce channel for fear that selling their products might produce channel conflict with their off-line retailers, agents, or their own stores. However, they eventually added internet to their distribution channel portfolio after seeing how much business their online competitors were generating. 6. Online banking Online banking is a computerized service that allows a bank's customers to get online with the bank to view the status of their account, trasfer funds and transaction history. 7. Teleconferencing A conference between persons remote from one another but linked by an internet, where they conduct business. 8. Electronic tickets A booking, especially for air travel, is made on the internet. No paper ticket is issued to the customer. An Electronic Ticket (commonly abbreviated as e-ticket) is a digital ticket. It may be issued by an airline, in road, urban or rail public transport, and in entertainment. Match the Words in Group with the Pictures in Group 2. The first one is done for you. Teleconferencing f a. Online banking b. On line shopping c. Electronic ticket d Automated online assistant e. Group buying f. Domestic and international payment g. Activity Write True or False for each sentence below. Knowledge check 1. There is a paper record issued to customer in Eticket. 2. Document Delivery in supply chain and logistics is the sending of documents in hard copy using the internet. 3. Online banking is a computerized service that allows a bank's customers to get online with the bank to view the status of their account, trasfer funds and transaction history. 4. Online shopping is a form of e-commerce whereby consumers buy goods or services from a seller over the internet. True or False 5. Automated online assistants have the ability to provide customer service 24 hours a day and 7 days a week. .