Chapter 1 HW

1.    What is e-commerce? How does it differ from e-business? Where does it intersect with e-business?
 A. E commerce is the use of the internet and the worldwide web to transact business.  It differs because it doesn't consist of anything digital that a firm does. It intersects at the business boundary, at the point where internal business link up with suppliers and consumers.
2. What are some of the unique features of e-commerce technology?
 A. Ubiquity, global reach, universal standards, richness, and interactivity 
3. What is Web 2.0? Give examples of Web 2.0 sites and explain why you included them in your list.
 A. 2.0 is when many unique features of ecommerce and the internet come together in  a set of applications and social media technology. Ex. you tube, Google
4. Give examples of B2C, B2B, C2C, and P2P Web sites besides those listed in the chapter materials.
A. B2C cite www.nikeallstar.com B2B cite walmart.com C2C cite ebay.com P2P cite Limewire.com
  5. What factors will help define the future of e-commerce over the next five years?
 A. E commerce price will rise to cover the real cost of doing business on the web. Regulation of e commerce and the web will grow both in the US and worldwide.