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Chapter 3.1 “Online Shopping”

Chapter 3.1 “Online Shopping”. Katie Kuhn & Ty Hughes. Development of E-Commerce. The government removed most of the rules that controlled the internet E-Commerce took off shortly after E-Commerce dreamed of making online shopping attractive, but the technology wasn’t available

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Chapter 3.1 “Online Shopping”

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  1. Chapter 3.1“Online Shopping” Katie Kuhn & Ty Hughes

  2. Development of E-Commerce • The government removed most of the rules that controlled the internet • E-Commerce took off shortly after • E-Commerce dreamed of making online shopping attractive, but the technology wasn’t available • Yahoo! Is the best known internet portal

  3. Effects of E-Commerce • Traditional retailers are concerned because: • Fast Growth- profits totaled $20 billion in 1999 • Slim Profits-Traditional businesses don’t make much profit, any business lost is devastating • Changing rules-Online shops are hiring staff and managers to boost business

  4. Creation of Online Shopping • In just 2000 30,000 web sites were selling items. A big boost from 1995, when nothing was bought online • The most successful sites have warehouses and staff

  5. The “C Models” • B2B “Business to Business” • C2B “Consumer to Business” • B2C “Business To Consumer” • C2C “Consumer to Consumer”

  6. Economics • Thought they were doing well eliminating building costs • Now many have bricks & mortar and clicks & and mortar to improve sales

  7. Banking • In person: $1.14 • ATM: $00.89 • Online: $00.01 • 36% of banks were online in 2000

  8. Capital

  9. Offsetting Costs • Equipment and software to maintain website. • Hire personnel who are skilled in E-Commerce. • Spend heavily on distribution and delivery. • Advertising

  10. Reverse Auctions • Consumer bids on a product, and the vendor can either accept or reject it • Only for C2B, (Consumer to Business) and can offer a price online.

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