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Ecommerce Economy  «Prev  Next»
Lesson 1

Introduction to E-commerce Economy

E-commerce plays a significant and rapidly growing role in the world economy. A key challenge for business leaders is to transform traditional businesses into electronic businesses (e-businesses for short) to reap the full benefits of the Internet. Web designers and developers are responsible for translating their company's bottom-line business needs to the computer screen in the form of a Web site that also meets its customers' needs.
After completing this module, you will be able to define and describe:
  1. The Internet business models being used for various types of e-commerce
  2. The characteristics of business-to-business sites
  3. The characteristics of business-to-consumer sites
  4. The characteristics of consumer-to-consumer sites
  5. How the Web is being used to facilitate transactions between the buyer and seller
  6. The infrastructure required to implement an e-commerce site
  7. Issues associated with doing business globally on the Internet
In the next lesson, you will learn how businesses are using the Internet for various types of e-commerce.

B2B Rules

At the head of the worldwide e-commerce class will be business-to-business (B2B) services, with benefits for the agriculture, petrochemical and information technology industries. Within B2B, financial transactions will lead the way, with double-digit growth for online finance transactions worldwide for the next several years. That growth area poses risks because developing countries may lack the preparedess needed to be able to move large volumes of financial transactions onto the Web. These developing countries may have to resort to distributed networks.