ECOMMERCE

• Showrooming


  The practice where consumers visit physical stores to try on or examine products such as shoes, clothes etc. then use their mobile device to search for better deals or make a purchase online
• Market Saturation occurs when a specific product or service has reached its maximum potential in a given market
• Positive aspects of Online shopping

  • Convenience
  •   Variety & Choice
  •   Time-saving
  •   Price Comparison
  •    Reviews & Ratings
• Negative aspects of Online shopping

  • Security Concerns
  •  Quality & Authenticity
  • Shipping delays & costs
  • Lack of physical experience

   Reviews & Ratings
• Mobile Commerce/ m-commerce - It refers to buying and selling using mobile devices like smartphones and tablets
• Webrooming - It is a process where customers use the internet  to search or research  product or services that they want to buy  before going to a store.
• statistics - It refer to the collection, analysis, interpretation, and presentation of data to gain insights and make informed decisions.
• Online buyers - buyers are people who use the internet to make their lives more convenient and better
• E-commerce - refers to the buying and selling of goods and services over the internet.
• 6 Types of E-Commerce

  1. Business-to-Consumer (B2C)

  2. Business-to-Business (B2B)

  3. Business-to-Government (B2G)

  4. Consumer-to-Consumer (C2C)

  5. Consumer-to-Business (C2B)

  6. Consumer-to-Government (C2G)
• E-commerce includes several types of transactions:

  • Business to business (B2B)
  • Business to customer (B2C)
  • Customer to customer (C2C)
• Electronic - The letter "E" from E-commerce stands for?
• three types of transactions in E-commerce?

  
  

  -Business to business

  -Business to customer

  _customer to customer
• When was Shopify, WooCommerce

  and  BigcCommerce introduced?

  -2004, 2011,.2015
• business plan - a document which highlights business goals and strategies on how to reach those goals
• basic information about your business

  • Businees name
  • Your website
  • Logo
• Business Name - It is the name that should eventually become recognizable, distinctive and associated with your business. It will become a part of your brand
• website - serves as its online presence, providing information about products, services, contact details, and often facilitating transactions.
• Logo - It is a graphic mark, emblem, or symbol used to represent a company, organization, product, or brand.
• Logomaker – The tool offers low quality + CC license with free logo, while you will need to pay for high-resolution photo.
• LogoShuffle– Provide your business name, slogan, and keywords, select the icons, font categories and change colors to get logo mockups
• Tailor Brands– You will provide a logo name and a short description after which you will be offered a series of example pairs where you will choose the one your prefer.
• Online LogoMaker– Add text, choose symbols or upload an image, and get started creating your logo.
• Pricing - It is how to get  an estimate on how much to charge.
• Web Domain - is the first thing you will have to purchase when setting up a business
• Hosting - It is an online storage for your website, and it is the place      where e here your website will be built on.
• three special offers  in pricing

  
  

  -First time offer

  -Newsletter Discount

  -Bundles

  -Seasonal offers
• two benefits of having a business plan.

  
  

  -Organization

  -Time Management

  -Asset Distribution

  -Unified Approach
• competitive Edge- A Sets a business apart with transparent and fair policies.
• trademark - an important part of owning a business because it protects the brand names and logos
• TERMS OF USE - It is a document that regulates the rules of the users must agree to if they want to use the service.
• Privacy policy - Another legal document, binding for you as a product/service provider and a customer is used.
• USER RIGHTS AND RESPONSIBILITIES - Defines the user rights when it comes to the website, products, or services you provide
• The kind of information you collect -This information is required by the customer, and it is usually the name, the email address, etc
• REVIEW AND DELETING INFORMAT - The customers should have insights into the information collected about them, as well as the instructions on how to change or delete them.
• about privacy policy - At the end of the document, you will provide information about the effective date of the privacy policy and any further information about your business
• What are the two main historical theories of international trade?

  Classical and modern theories
• How did the perspective of international trade theories shift by the mid-twentieth century?

  From a country-based to a firm-based perspective
• Who published Wealth of Nations and in what year?

  Adam Smith in 1776
• What does the Standard Theory of International Trade state about a country's wealth?

  A country's wealth is determined by its holdings of gold and silver