Week 4 questions

1.
Internet protocol, way in which data is transferred from one data to another around the internet. Each computer has its own unique IP address which it transfers between internet and networks, a communications protocol.

2.
Web 1.0
One way internet: These sites contain just read content and do not allow user participation.
Web 2.0
Allow users to participate and has lead to social networking sites, collaboration, user built content. Users can update and change the web page (e.g. Facebook, Myspace) this has lead to more business opportunity.

3.
Web 3.0 is a semantic web - A way of data basing the internet by using metadata. Through metadata we can build the internet into a database and search for different sorts of media.

4.
E-business is much broader than E-commerce: E-business links other parts of business (advertising and marketing online, making sure funds go securely from purchaser to company, packing of goods) into the internet not just the buying and selling of goods that e-commerce involves.

5.
Business to Business: Involves businesses buying and selling to each other through the internet.
Business to Consumer: Involves businesses selling their products to consumers through the internet
Consumer to Business: When a consumer sells a product to a business through the internet.
Consumer to Consumer: When a site offers goods that will be sold from consumer to consumer. Ie Ebay.

6.
Major B2B models contain three parts.

Seller side: Contains One seller and many buyers (e.g. ebay)and works in a ‘forward auction model. That is costs go up as time passes.

Buyer side: Price should go down as time passes. Buyers put out conditions to a number of sellers the sellers come back to that response. End price will be lowest price for the best service.

Electronic exchange: Will involve a medium or website where buyers and sellers can see each other’s offers/goods. The web site is already built meaning they don’t have to build a website themselves to run the ecommerce.

7.

Two challenges are:
1. Order fulfillment: This involves locating the product to be shipped, packaging the wanted product and then arranging for quick delivery to the customer. Also involves handling the returned unwanted or defective products.

2. Channel conflict: This occurs when manufacturers disintermediate their channel partners. This includes distributors, retailers, dealers, and sales representatives, by using the internet to sell their products directly to consumers.

Two Opportunities are:
1. Increased Global reach: Through business online it enables businesses to access overseas markets without having to set up shop in that country. This has potential to enable consumers and sellers to buy and sell goods from all over the world.

2. Increased Convenience: Business online allows sellers to more conveniently sell goods to consumers. Sellers can display goods on the internet with all relevant information about the goods making it more convenient that selling through a shop. This has also lead to a more convenient way of purchasing goods for the consumer as they can access a larger range of goods all in the one location.