1. What is an IP Address? What is it’s main function?
Internet Protocol or IP, is the basic communication language or protocol of the internet. Each computer on the internet has an IP address-; a unique number which identifies a computer and its location on the internet. IP addresses can be private or public.
2. What is Web 2.0, how does it differ from 1.0?
Web 2.0 is a set of economic, social and technology trends that collectively form the basis for the next generation of the Internet- a more mature, distinctive medium from Web 1.0 (sites are static, aren’t interactive and applications are proprietry) characterised by user participation, openness and network effects.
3. What is Web 3.0?
The term Web 3.0 has a number of different meanings to describe the evolution of web usage and interaction among several different paths. These include transforming the web into a database, a move towards making content available accessible by multiple non-browser applications, the leveraging of artificial intelligence technologies, or the semantic web.
4. What is eBusiness, how does it differ from eCommerce?
e-Business is the conducting of business on the Internet, including buying and selling, serving customers and collaborating with business partners. It differs from e-Commerce, which refers only to online transactions.
5. What is pure and partial ecommerce?
Pure E-Commerce concerns business whose transactions are largely carried out on the Internet. Partial E-Commerce on the other hand concerns business in which a large part of the transaction takes place in the off-line real world.
6. List and describe the various eBusiness models?
An e-business model is an approach to conducting electronic business on the Internet.
- Business-to-Business (B2B): applies to businesses buying from and selling to each other over the Internet. An example of a B2B business model is online access to data including shipping date, delivery date and shipping status (provided by the seller or a third-party provider)
- Business-to-Consumer (B2C): applies to any business that sells its products or services to consumers over the Internet. Common B2C e-business models include e-shops and e-malls.
- Consumer-to-Business (C2B): applies to any consumer that sells a product or service to a business over the Internet. Examples of this e-business model are a web master offering advertising services on Amazon.com. The demand for C2B e-business is expected to increase over the next few years due to customer’s desire for greater convenience and lower prices.
- Consumer-to-Consumer (C2C): applies to sites primarily offering goods and services to assist consumers interacting with eachother over the Internet. Ebay is an example of a C2C business model.
7. List and describe the major B2B models?
Electronic Marketplaces (e-market places) are interactive business communities providing a central market where multiple buyers and sellers can engage in e-business e.g.
8. Outline 2 opportunities and 2 challenges faced by companies doing business online?
Opportunities | Challenges |
Highly Accessible à Businesses can operate 24 hours a day, 7 days a week, 365 days a year. | Protecting Consumers à Consumers must be protected against unsolicited goods and communication, illegal or harmful goods and insufficient information about goods. à Invasion of privacy and cyber fraud |
Increased Convenience à Automates and improves many of the activities that make up a buying experience | Increased Liability à Exposes suppliers to unknown liabilities because the Internet commerce law is vaguely defined and differs from country to country |
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