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Evolution of E-Business, E-Commerce Video Lecture | E-Commerce - B Com
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100 videos|55 docs|19 tests
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FAQs on Evolution of E-Business, E-Commerce Video Lecture - E-Commerce - B Com
| 1. What is the difference between e-business and e-commerce? |  |
Ans. E-business refers to the overall use of electronic platforms, technologies, and networks to conduct business activities, including buying and selling online. On the other hand, e-commerce specifically refers to the online buying and selling of goods and services over the internet.
| 2. How has e-business evolved over time? | |
Ans. E-business has evolved significantly over time. Initially, it started with basic online transactions and the establishment of online stores. With technological advancements, it has expanded to include various aspects such as online banking, supply chain management, electronic procurement, and personalized marketing, among others.
| 3. What are the advantages of e-business and e-commerce? | |
Ans. E-business and e-commerce offer several advantages, including increased global reach, reduced operational costs, improved customer convenience, faster and more efficient transactions, access to a wider customer base, real-time data tracking, and the ability to personalize marketing messages.
| 4. How has e-business impacted traditional brick-and-mortar businesses? | |
Ans. E-business has had a significant impact on traditional brick-and-mortar businesses. It has forced them to adapt to the changing market dynamics by incorporating online channels into their operations. Many traditional businesses now have an online presence, allowing them to reach a larger customer base and compete with online-only retailers.
| 5. What are the potential challenges and risks associated with e-business and e-commerce? | |
Ans. While e-business and e-commerce offer numerous benefits, they also come with challenges and risks. Some of these include cybersecurity threats, data breaches, online fraud, increased competition, logistics and supply chain management complexities, customer trust and privacy concerns, and the need for continuous technological upgrades to stay competitive.
Text Transcript from Video
the evolution of e-business how doing
business online has changed
previously businesses used newspaper
advertising and you can see a massive
difference between marketing strategies
now that we are in 2017 we have digital
adverts that come up on our phones and
computers every single day
early business sites were very basic and
they were also very slow dial-up modems
were the only option so web sites were
mostly text plus you can buy anything
from them
in the mid-90s the look of websites had
improved and content was better laid out
Apple were trendsetters and pioneers
just as they are now and in the mid-90s
the first gifts were born a lot of
people think gifts are a new concept but
they have actually been about since the
90s
now we're taking a big jump to look at
more modern websites we'll look at the
apple.com website again for a comparison
on the home page they promote their
newest products here you can buy
products live chat with experts and such
a difference have been made in the last
20 years but e business isn't just
limited to websites now some businesses
run solely from apps and some businesses
use them as an extra tool for customers
the Amazon app is simply an extension of
their website where you can buy products
easily from your phone and here we have
Janeiro's which is a half of student
favorite you pay on the app and it
delivers to your door
uber is a slightly different breed of
app you purchase a service but it also
has payment and tracking all within the
app so it can let you know where your
vehicle is and give you real-time
updates other businesses use apps to
implement their loyalty or reward
schemes here we have Nando's and we have
boots both of these apps show you the
awards that you've earned and give a
customer a reason to keep coming back
because they have something to work
towards here on the boots app it shows
you how much cash you've earned and got
to spent and on the Nando's app it shows
you what you can earn if you collect
more Chili's also in this app you can
order takeaway and the only problem is
that they don't do delivery
so that is an overview of how a business
has changed in the last 20-30 years and
who knows what business will look like
in the future thanks
business online has changed
previously businesses used newspaper
advertising and you can see a massive
difference between marketing strategies
now that we are in 2017 we have digital
adverts that come up on our phones and
computers every single day
early business sites were very basic and
they were also very slow dial-up modems
were the only option so web sites were
mostly text plus you can buy anything
from them
in the mid-90s the look of websites had
improved and content was better laid out
Apple were trendsetters and pioneers
just as they are now and in the mid-90s
the first gifts were born a lot of
people think gifts are a new concept but
they have actually been about since the
90s
now we're taking a big jump to look at
more modern websites we'll look at the
apple.com website again for a comparison
on the home page they promote their
newest products here you can buy
products live chat with experts and such
a difference have been made in the last
20 years but e business isn't just
limited to websites now some businesses
run solely from apps and some businesses
use them as an extra tool for customers
the Amazon app is simply an extension of
their website where you can buy products
easily from your phone and here we have
Janeiro's which is a half of student
favorite you pay on the app and it
delivers to your door
uber is a slightly different breed of
app you purchase a service but it also
has payment and tracking all within the
app so it can let you know where your
vehicle is and give you real-time
updates other businesses use apps to
implement their loyalty or reward
schemes here we have Nando's and we have
boots both of these apps show you the
awards that you've earned and give a
customer a reason to keep coming back
because they have something to work
towards here on the boots app it shows
you how much cash you've earned and got
to spent and on the Nando's app it shows
you what you can earn if you collect
more Chili's also in this app you can
order takeaway and the only problem is
that they don't do delivery
so that is an overview of how a business
has changed in the last 20-30 years and
who knows what business will look like
in the future thanks
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About this Video
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Nov 22, 2024 Last updated |
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