Explain why a firm's online inventory control system is an ...

[littleanan]

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 2

Which of the following features of e-commerce technology enables merchants to market and sell complex goods and services to consumers via marketing messages that can integrate video, audio, and text?
 
  A) richness
  B) ubiquity
  C) information density
  D) personalization

[asware1]

Answer to Question 1

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 2

A

[littleanan]

TYSM

[softEldritch]

Excellent