1. Why has the web grown so dramatically?
During the mid 1960’s up to about 1980 the internet was created as a means of communication for the defence force, its popularity then grew as business and people discovered the vast uses of the World Wide Web, and in 1994 Stanford University PhD student Jerry Yang created the foundations for yahoo in which he list links to the sites he thought were “cool”. Since then the web has expanded drastically, with an increasing number of search engines, wed pages, blogs, instant messaging almost any information could be found and the structure of the internet converged to create an effective means of sending and receiving data as well as many other things, hence the web has increased so dramatically because of the vast amount of information it has to offer.
2. What is Web 2.0, how does it differ from 1.0?
Web 2.0 is advancement from linking text (web 1.0), to linking people. Combine this with multiple search engines, information databases, new forms of web encoding (Ajax), multimedia, businesses, online stores, social networking, instant messaging and around 80% of the population on the web, its no wonder web 1.0 has progressed to web2.0. The main difference between web 1.0 and web 2.0 is that web 2.0 is a user driven, intelligent web, and a means of linking people, not just text.
3. How could a web 2.0 technology be used in business?
A web 2.0 technology such as video communication via the web, i.e. skype, could be used in business as a means of a videoconference. This strategy is usually used by business when the physical distance between one or more persons in the business is so substantially that they must use video conferencing as opposed to travelling to a physical meeting and discussing issues face-to-face.
4. What is e-Business, how does it differ from e-Commerce?
E-commerce is the buying and selling of goods and services over the Internet. The term e-commerce refers only to online transactions. Alternatively, e-business, derived form e-commerce is the conducting of business on the Internet, including buying and selling, serving customers and collaborating with business partners.
5. What is pure and partial e-Commerce
Pure e-commerce is a business that operates solely on the Internet without a physical store. Examples include amoazon.com and expedia.com. Alternatively, partial e-commerce is where business operate both online and at a physical store, meaning the organisation is not solely reliant on the Internet.
6. List and describe the various e-Business models?
There are four e-business models; they include business-to-business (B2B), business-to-consumer (B2C), consumer-to-business (C2B) and consumer-to-consumer (C2C). The first of the four models, B2B, applies to businesses buying from and selling to each other over the Internet. Online access to data, including expected shipping date, delivery date and shipping status, provided either by the seller or a third-party provider, is widely supported by B2B models. Secondly, B2C applies to any business that sells its products or services over the Internet. Common B2C e-business models include e-shops and e-malls. Thirdly, C2B applies to any consumer that sells a product or service to a business over the Internet. Lastly the fourth model of the e-business models is C2C; C2C applies to sites primarily offering goods and services to assist consumers interacting with each other over the Internet.
7. List and describe the major B2B models?
The major B2B models include electronic market places, or e-marketplaces; these are interactive business communities providing a central market where multiple buyers and sellers can engage in e-business activities.
8. Outline 2 opportunities and 2 challenges faced by companies doing business online?
2 opportunities of companies doing business online include; increased market and customer base, international recognition of the online company, possibly resulting in international sales, and lastly easy access to online products. 2 challenges faced by companies doing business online include Internet crashes, i.e. natural disasters; another includes e-business security, i.e. the business may need to implement a costly firewall to protect itself from viruses and other harmful material.
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