crystalkayonline

Q1: What is e-commerce? Explain. The use of internet and the Web to transact business. More formally, digitally enabled commercial transactions between and among organizations and individuals. Q2:What are eight key elements of a business model? Explain. 1- Value Proposition: How a company's product or service fulfills the needs of customers. Typical E-commerce value propositions include personalization, customization, convenience, and reduction of product search and price delivery cost. 2- Revenue Model: How the company plans to make money from its operations. Major E-commerce revenue models include the advertising model, subscription model, transaction fee model, sales model, and affiliate model. 3- Market Opportunity: The revenue potential within a company’s intended market-space. 4- Competitive Environment: The direct and indirect competitors doing business in the same market-space, including how many there are and how profitable they are. 5- Competitive Advantage: The factors