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?
E-business refers primarily to digitally enabled transactions within a firm, involving information systems, such 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.
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Which of the following is not a characteristic of certificate of deposit (CDs)?
A) You pay a penalty for early redemption. B) You "lock in" (are guaranteed) the stated interest if you hold the CD until maturity. C) They are preferred over money market deposits if you expect interest rates to fall. D) They have a minimum maturity of three years.
If the UAlbany Foundation purchased a $1,000,000 par-value bond with an 8% annual coupon-rate paying interest twice each year with exactly five years left to maturity and the current market interest rate is 6.4%
how much would the UAlbany Endowment have to pay for that bond? You may round the bond's value to the nearest penny.