15 -- Information Technology V

15 -- Information Technology V - CPA BEC - STUDY UNIT 15...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
CPA BEC - STUDY UNIT 15 Information Technology V: Core Concepts A. Electronic Commerce 1. E-business is an umbrella term referring to all methods of conducting business electronically. This can include strictly internal communications as well as nonfinancial dealings with outside parties (e.g., contract negotiations). a. E-commerce is a narrower term referring to financial transactions with outside parties, e.g., the purchase and sale of goods and services. 2. Business-to-business commerce (B2B) is not limited to EDI and other direct links between businesses but also involves activities within the broader electronic market. B2B involves working with vendors, distributors, and other businesses over the Internet. a. Benefits of B2B include reduced purchasing costs, increased market efficiency, greater market intelligence, and decreased inventory levels. 3. Because e-commerce transactions cross the boundaries of the enterprise, security is of primary concern. a. Responses to security issues include such measures as encryption and numerical sequencing. B. Electronic Data Interchange (EDI) 1. Electronic data interchange (EDI) is the leading method of carrying on e-commerce. a. EDI involves the communication of data in format agreed to by the parties directly from a computer in one entity to a computer in another entity, for example, to order goods
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

15 -- Information Technology V - CPA BEC - STUDY UNIT 15...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online