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IT430 ASSIGNMENT NO. 2 SPRING 2023 || 100% RIGHT SOLUTION || E-COMMERCE || BY VuTech
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QUESTION-1:
E-business and e-commerce are related concepts, but they have distinct differences. E-commerce refers specifically to the buying and selling of goods and services over the internet, whereas e- business encompasses a broader range of activities related to conducting business online. In this scenario, we will consider a retail clothing company called Fashionista. Fashionista is a global retail clothing company that manufactures and sells both stitched and unstitched cloths (gents & ladies).
As, Fashionista has a strong online presence and operates both e-business and e-commerce platforms. Now considering both the platforms, we may take parameters to measure the performance to differentiate the functions/roles of E-commerce and E-business.
ANSWER:
Parameters
E-Commerce
E-Business
Market Reach
E-Commerce platforms can help Fashionista reach a global market. So, it has a checkmark.
E-business platforms can help Fashionista reach a global market, so it also has a checkmark.
Global Expansion
E-commerce primarily focuses on online buying and selling. E-commerce alone does not checkmark.
E-business encompasses a broader range of activities. E-business enables Fashionista to expand globally, so it has a checkmark.
Customer Experience
E-commerce platforms mainly facilitate transactions. E-Commerce does not checkmark.
E-business platforms offer a wider range of customer interactions and services, leading to a better customer experience. Therefore, e-business has a checkmark.
Personalization
E-commerce platforms typically offer limited personalization options. E-commerce does not checkmark.
E-business platforms can provide personalized experiences based on customer preferences. Hence, e-business has a checkmark,
Supply Chain Management
E-commerce platforms generally focus on the transactional aspect. E-commerce does not checkmark.
E-business platforms can integrate supply chain management activities, including inventory management and procurement. Thus, e-business has a checkmark.
Logistics
E-commerce platforms primarily handle the delivery of products. E-commerce does not checkmark..
E-business platforms can manage the entire logistics process, including warehousing, inventory, and transportation. Therefore, E-business has a checkmark.
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