Series of activities designed to met business needs

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Series of activities designed to met business needs by adding value or cost in each phase of the process Primary activities in value chain Inbound logistics, operations, outbound logistics, marketing and sales, service Secondary activities in value chain Organizational infrastructure, human resource management, technological development, procurement Merchant model transfers the old retail model to the e-commerce world by using the medium of the internet Brokerage model brings sellers and buyers together on the web and collects commissions on transactions between these parties Advertising model extension of traditional advertising media Mixed model generating revenue from more than one source Infomediary model sites collect info on consumers and businesses and then sell this information to other companies for marketing purpose Subscription model E-commerce sites sell digital products or services to customers B2C companies sell directing to consumers B2B involves electronic transactions between businesses. Uses EDI and EFT C2C involves business transactions between users. Craigslist C2B involves people selling products or services to other businesses E-Government used for tax filing, online voter registration, disaster assistance Major activities in B2C commerce Information sharing, ordering, payment, fulfillment, service and support Seller-Side Marketplace sellers who cater to specialized markets, come together to create a common marketplace for buyers Buyer-side marketplace a buyers or a group of buyers opens an electronic marketplace and invites sellers to bid on announced products Third party exchange marketplace model is not controlled by buyers or sellers. Controlled by a third pary Vertical Market concentrated on a specific industry or market Horizontal Market concentrates on a specific function Electronic payment money or script that is exchanged only electronically Smart Cards contain an embedded microprocessor chip
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PayPal popular online payment system used for many online transactions Micropayments transactions on the web involving very small amounts of money
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