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Ebusiness lect 1 1

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E-BUSINESS SYSTEMS LEARNING OBJECTIVES ❖In this lesson you will learn to: ❖Discuss e-business basics ❖Describe the Internet and World Wide Web ❖Discuss the role of e-business in the global economy ❖List e-business advantages and disadvantages ❖Explain e-business value chains and value activities ❖Identify e-business models Definitions of E-Business • Electronic business, or e-business, is the application of information and communication technologies ICT in support of all the activities of business. • E-Business refers to a broader definition of e-commerce, not just the buying and selling of goods and services, but also servicing customers, collaborating with business partners, conducting e-learning, and processing electronic transactions. • Electronic business methods enable companies to link their internal and external data processing systems more efficiently and flexibly, to work more closely with suppliers and partners, and to better satisfy the needs and expectations of their customers. • E-business can be defined as the organized effort of individuals to produce and sell, for a profit, the products and services that satisfy society's needs through the facilities available on the Internet. • Therefore, the major characteristics that define e-business include • organized efforts of individuals (meaning the firm); • Profit • products, and services sold online; • the satisfying of society's needs; and, of course, • the Internet. ? ...
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