e-Business

Paper Summary:

This article discusses e-commerce, particularly the exchange of information. It discusses the concepts of Business-to-Consumer (B2C) and Business-to-Business (B2B). The paper then goes on to discuss the advantages of e-commerce to the consumer in terms of greater access to fuller information on prices of goods and services and the advantage to producers in terms of direct access to a greater market potential for their goods and services.

From the Paper:

"The Web does offer a new medium by which vendors can bring their goods and services to the market. Though there are many accounts that describe the business models evident on the Web, there are no definitive and wholly consistent frameworks. Some base their definitions on revenue streams, a sub-set that includes advertising, subscription, pay-per-view and transaction (and combinations thereof). Amazon, for example, sells books on which it makes revenue per book sold, and also carries advertising, generally for complementary products and services. Thus if you were to buy a travel book, for example, you might also be linked to holiday companies that offer trips to the book's destination."

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