Last 30 Minutes
High-priority revision for the final stretch. Not guaranteed exam questions — focused practice from verified content.
Must Know
High priorityWhat is E-commerce?
The meaning and scope of electronic commerce.
Difference between E-commerce and E-business
How e-commerce relates to the broader idea of e-business.
Eight unique features of E-commerce technology
The distinguishing capabilities of e-commerce technology.
Introduction to Web 2.0
The participatory, social second generation of the web.
Types of E-commerce
Major categories of e-commerce by participants.
5-Mark Questions
Explain: What is E-commerce?
E-commerce is the use of the Internet, the Web, and mobile apps and browsers to transact business. According to Laudon and Traver, it is more formally defined as digitally enabled commercial transactions between and among organizations and individuals.
Explain: Difference between E-commerce and E-business
Although e-commerce and e-business are often used interchangeably, Laudon and Traver draw a working distinction: e-commerce involves commercial transactions that cross firm boundaries, whereas e-business is the digital enabling of transactions and processes within a firm.
Explain: Eight unique features of E-commerce technology
E-commerce technologies have eight unique features that distinguish them from traditional commerce. According to Laudon and Traver, these features both challenge traditional business thinking and explain why e-commerce has generated so much interest.
Explain: Introduction to Web 2.0
Web 2.0 refers to a set of applications and technologies that enable user-generated content, transforming e-commerce from 2007 onward into a social, mobile, and local phenomenon.
Explain: Types of E-commerce
E-commerce is classified by the nature of the market relationship — who is selling to whom. Laudon and Traver identify three principal types (B2C, B2B, C2C) and three important subsets (mobile, social, and local e-commerce).
Objective Revision
Which of the following best defines e-commerce according to Laudon and Traver?
Answer: Digitally enabled commercial transactions between and among organizations and individuals
Which is NOT one of the three technological building blocks of e-commerce?
Answer: Television
What distinguishes a commercial transaction from a non-commercial one in e-commerce?
Answer: Exchange of value across boundaries
The Internet and the World Wide Web are different things.
Answer: true
E-commerce is the same as e-business.
Answer: false