Having completed this module, you should now be able to:
- List and differentiate between perceived and actual benefits of eBusiness
- Identify the various B2B models available
- Identify the various B2C models
- Differentiate between various Brokerage models
- Describe the various Advertising models
The following terms may be new to you:
- MRO inputs:Maintenance, Repair and Operating products and services; examples include human resources and capital equipment.
- B2B: A primary Business model where the buyer and seller are both businesses. This would be the case for a wholesale stationer selling stock to retail outlets.
- B2C: A primary two-business model where the seller is a business and the buyer is a consumer or individual such as with a bookstore that sells books to the public.
- Hub: A business that connects multiple buyers and sellers together electronically.
- Vertical hub: Source manufacturing inputs such as raw materials, components or sub-assemblies for manufacturers within a specific domain; tend to be industry sector specific in their content and relationships.
- Catalog hub: These place industry specific catalogs online from either a buyer or seller perspective.
- Exchange hub: Matches buyers in an industry with a supplier, by facilitating a temporary relationship between the buyer and seller based on supply and demand.
- Horizontal hub: Automate a business function or procedure across domains; are also known as Functional hubs.
- eProcurement hub: Are similar to catalog hubs but are not industry specific; also known as MRO hubs.
- Yield manager hub: Source operational inputs such as advertising, human resources, logistics and utilities, and work best where the demand and prices are more volatile and the goods or services are specialized.
- eTailers: A retailer that uses the Internet as a medium for selling products.
- Vortal: Specialized portal that is based on an area of interest or service which is industry specific.
- Specialized portal: Also known as a Vortal, is based on an area of interest or service that is industry specific.
- Component: A module, object or program that performs a specific function, and is designed to easily integrate with other components.
In the next module, we will discuss how to make your business an eBusiness.
Click the Quiz link below to test your knowledge of eBusiness models
Ebusiness Conclusion - Quiz