ELECTRONIC COMMERCE Online Services ELECTRONIC COMMERCE Electronic commerce is the buying and selling of products and services electronically over the Internet. Electronic Commerce Terminology • • • • Mobile commerce (m-commerce) Business-to-consumer (B2C) electronic commerce Business-to-business (B2B) electronic commerce Electronic commerce venue M-commerce Business transactions using web-enabled cell phones or handheld computers Business-to-consumer (B2C) electronic commerce Businesses using the Internet to sell products and services to consumers and receive payments Business-to-business (B2B) electronic commerce Companies using the Internet to conduct business activities with other companies Electronic commerce venue Website where business activities or transactions occur Advantages of Online Shopping • • • • Convenience Greater selection More product information Ease of comparison shopping Evaluating Online Shopping Sites • Clear selling terms. Make sure you can find, read, and easily understand the terms of sale. • Product selection. The site should provide a satisfactory degree of information about a product being offered. • Easy purchases. The directions for purchasing items at a site should be simple to follow. • Customer service. A good online shopping site should provide a high level of customer service. B2C Shopping Sites • • • • • • • • • • Clothing L.L. Bean – Lands’ End The Gap Department Stores • Nordstrom • Macy’s Bloomingdale’s Travel Expedia Travelocity Orbitz Automobiles – Autopedia – AutoTrader – CarsDirect