Tuesday, February 12, 2013

Terminology of Ecommerce

Auction-A competitive process in which a seller solicits consecutive bids from buyers or a buyer solicits bids from sellers. Prices are determined dynamically by the bids.

Avatars- Animated computer characters that exhibit human like movements and behaviors.

Back It- The activities that support online order fulfillment, inventory management, purchasing from suppliers, payment processing, packaging, and delivery.

Bartering Exchange- An intermediary that links parties in a barter; a company submits its surplus to the exchange and receives points of credit, which can be used to buy the items that the company needs from other exchange participants.

Blog- A personal Web site that is open to the public to read and to interact with: dedicated to specific topics or issues.

buy-side e-marketplace- A corporate-based acquisition site that uses reverse auctions, negotiations, group purchasing, or any other e-procurement method.

Desktop search- Search tools that search the contents of a user's or organization's computer files, rather than searching the Internet.

Digital Products- Goods that can be transformed to digital format and delivered over the Internet.

Disintermediation- The removal of organizations or business process layers responsible for certain intermediary steps in a given supply chain.

Double auction- An auction in which multiple buyers and their bidding prices are marked with multiple sellers and their asking prices, considering the quantities on both sides.

Dynamic Pricing- Prices that change based on supply and demand relationships at any given time.

E-bartering- Bartering conducted online, usually in a bartering exchange.

E-distributor- An e-commerce intermediary that connects manufacturers with business buyers by aggregating the catalogs of many manufactures in one place- The intermediary's Web site.

E-auctions- Auctions conducted online

E-Catalog- The presentation of product information in an electronic form; the backbone of most e-selling sites.

Electronic shopping cart- An order-processing technology that allows customers to accumulate items that wish to buy while they continue to shop.

E-mall- an online shopping center where many online stores are located.

Folksonomy- The practice and method of collaboratively creating, classifying, and managing tags to annotate and categorize content.

Enterprise search- The practice of identifying and enabling specific content across the enterprise to be indexed, searched, and displayed to authorized users.

Forward Auction- A auction in which a seller entertains bids from buyers. bidders increase price sequentially.

Front End-The portion of an e-seller's business processes through which customers interact, including the seller's portal, electronic catalogs, a shopping cart, a search engine and a payment gateway.

Intermediaries- Electronic intermediaries that provide and/or control information flow in cyberspace, often aggregating information and selling it to others.

Microblogging- A form of blogging that allows users to write messages and publish them, either to be viewed by anyone or by a restricted group that can be chosen by the user. These messages can be submitted by variety of mean.

Name your own price model- Auctions model in which a would-be buyer specifies the price he or she is willing to pay to any willing and able seller.

Reverse Auction- Auction in which the buyer places an item for bid on a request for quote system, potential suppliers bid on the job, with the price reducing sequentially and the lowest bid wins.

sell-side e-marketplace- A we-based marketplace in which one company sells to many business buyers from e-catalogs or auctions, frequently over an extranet.

Search engine- A computer program that can access databases of Internet resources, search for specific information or key words, and report the results.

Social bookmarking - Web service for sharing Internet bookmarks.

Tags- A nonhierarchiacal keyword or term assigned to a piece of information.

Tweet- Text-based posts up to 140 characters in length posted to Twitter.

Twitter- A free microblogging service that allows its users to send and read other users updates.

Vlog- A blog with video content

Voice portal-  A web site with an audio interface that can be accessed through a telephone call.

Web portal-  A single point of access, through a Web browser, to critical business information located inside and outside an organization.

Web store- A single company's Web site where products or services are sold and usually has an online shopping cart associated with it.

Wiki- A blog that allows everyone to participate as a peer; anyone may add, delete, or change content.

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