288-317 for exam 3 - 288-317 E-commerce is the buying and...

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288-317 E-commerce is the buying and selling of goods and services over public and private computer networks -Merchant companies: take title to the goods they sell -Non-merchant companies: arrange for the purchases and sale of goods without ever owning or taking title to those goods. B2C or business to consumer: sales between a supplier and a retail customer Web storefront provides an information system for B2C Ex. Amazon.com B2B or business to business refers to sales between companies B2G or business to government refers to sales between companies and governmental organizations Auctions match buyers and sellers by using an e-commerce version of a standard auction Clearinghouses provide goods and services at a stated price and arrange for the delivery of the goods, but they never take title Electronic exchange is a type of clearinghouse that matches buyers and sellers; the business process is similar to a stock exchange Disintermediation eliminates the middle layers in the supply chain
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