The term e-commerce refers to the digital enabling of ...

[jlmhmf]

The term e-commerce refers to the digital enabling of transactions and processes involving an exchange of value across organizational boundaries.
 
  Indicate whether the statement is true or false

Question 2

Explain why a firm's online inventory control system is an example of e-business rather than e-commerce. What is the key factor in determining if a transaction is commerce?
 
  What will be an ideal response?

Question 3

Which of the following terms is synonymous with e-commerce?
 
  A) e-business
  B) digital commerce
  C) the Internet
  D) the Web

[bigcheese9]

Answer to Question 1

TRUE

Answer to Question 2

E-business refers primarily to digitally enabled transactions within a firm, involving information systems, such as an online inventory control system, under the control of the firm. E-business does not involve commercial transactions in which an exchange of value across organizational boundaries takes place. E-commerce, on the other hand, is a revenue-generating operation. The key factor in determining if a transaction is commerce, therefore, is exchange of value. In order to be e-commerce, a transaction must include the direct production of revenue.

Answer to Question 3

B