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Electronic commerce: Growing
Worldwide Trend
Warm -up question
What’s e-commerce?
___________________________________________________________________________________________
Ans Buying and selling of goods and services over
the Internet.
Source: www.ecommerce-dictionary.com/e/e-commerce.html
Source: www.ecommerce-dictionary.com/e/e-commerce.html
Part 1
Study the words then match them with the given meanings
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entrepreneur merchandise e-commerce
distributor dot com
stocks capital outlay
middleman teleworking cost of sales
distribution channel teleshopping direct exporting
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1.
companies that rely on the internet to
market their services or products_____________
2.
finished goods purchased by a
wholesaler or retailer for resale or by a user through the
internet_____________
3.
service whereby customers may order
goods either over the telephone or via the internet_____________
4.
working at home by linking to the
employer through fax, telephone or computer modern_____________
5.
commerce carried out electronically,
particularly over the
internet._____________
6.
expenditure on fixed assets such as
machinery_____________
7.
the expense incurred in making sales
such as the cost of advertising, wages of sales personnel and so on____________
8.
transaction between an exporter and an
importer that does not involve a third
party such as an agent_____________
9.
route of a product starting from the
producer to the ultimate purchaser_____________
10. company
or person acting as an agent in the distribution of goods to retail
outlets_____________
11. person
who starts and runs a business activity; normally financial risks are
involved_____________
12. wholesaler,
retailer or broker who acts as an agent between a buyer and a seller. They tend
to push up prices by adding on their own profit margin to the difference
between the buying and selling prices; therefore, it can be beneficial for the
buyer and seller to cut out the middle
as in e-commerce.
Part 2 Read the passage and answer the question
Electronic Commerce
Historical development
The
meaning of term “electronic commerce” has changed over the last 30 years.
Originally, “electronic commerce” meant the facilitation of commercial transactions electronically, usually using technology like Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT), where both were
introduced in the late 1970s, for example, to send commercial documents like purchase orders or invoices
electronically.
The “electronic” or 'e' in e- commerce refers to the
technology/systems; the “commerce”
refers to be traditional business models. E-commerce is the complete set of
processes that support commercial/business activities on a network. In the 1970s
and 1980s, this would also have involved information analysis. The growth and
acceptance of credit
cards, automated teller machines (ATM) and telephone banking in
the 1980s were also forms of e- commerce.
In the dot
com era, it came to include activities more precisely termed
"Web commerce " -- the purchase of goods and services over the World Wide Web,
usually with secure connections (HTTPS,
a special server protocol that encrypts
confidential ordering data for customer protection) with e-shopping cards and
with electronic payment services, like credit card payment
authorizations.
The
emergence of e- commerce also significantly lowered barriers to entry in the
selling of many types of goods; accordingly many small home-based proprietors
are able to use the internet to sell goods. Often, small sellers use online
auction sites such as EBay(tm), or sell via large corporate websites
like Amazon.com, in order to take advantage of the exposure and setup
convenience of such sites.
Source: www.geocities.com
1.
What does electronic
commerce mean?_________________________________
2.
How many years ago were EDI and EFT introduced? _____________________________________________________________________
3.
In the 1980s, credit cards, automated teller machines (ATM) and telephone banking were _____________________________
4.
What’s HTTPS?_____________________________________________________
5.
What’s the advantage of
e-commerce for small seller? __________________________
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Glossary of Electronic Commerce Terms
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ASI
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Automated Information Systems
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Digital Cash
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Sometimes known as 'e-cash' or electronic cash.
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E-cash
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Electronic cash.
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E-mail
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Electronic mail, messages sent electronically.
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EDI
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Electronic Data Interchange - transferring data in a
standard format from one computer application to another either within a
business or between businesses.
|
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Electronic cash
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Electronic currency which may be used to make payment
electronically.
|
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Electronic coins
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Sometimes called electronic tokens, they represent an
electronic system for making small payments.
|
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Electronic purse (or wallet)
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Software that allows electronic money to be stored and
payments to be made.
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Electronic Signature
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The electronic version of a handwritten signature.
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Encryption
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Changing data into a form which is more secure.
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Home Page
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The reception page or main page of a Web site.
|
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Smart card
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Plastic card containing a microchip which can 'store'
money. This can then be used as a means of payment with a device that can
read the information on the card.
|
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Web page
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A document on the World Wide Web.
|
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Web site
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A location on the World Wide Web containing information
relating to a person or organization.
|
Source:
http://www.geocities.com/Axiom43/e-commerce.html
Practice conversation
Situation:
Two friends are talking. One has been in
the exporting business through the Internet (e-commerce) for sometime, and the
other is an officer girl who is interested in the import-export business
Pipat :
Hi Sarah How have you been? Long time no see.
Sarah: I’m fine What about you?
Pipat :I’m
alright. But….
Sarah:
Hey, what’s wrong with you?
Pipat :I’m
thinking about having my own business. I really want to get into export.
Sarah: What
products are you going to export?
Pipat :Stones.
Sarah:
What?
Pipat :Stone
jewelry such as quartz necklaces, garnet ring, aquamarine , earrings
Sarah:
Do you have suppliers?
Pipat :Yes,
my relatives have been in this business for a bout a decade. They’re willing to
help me but they know nothing about import-export
Sarah:I
see. You took a course in Import-Export when you were in college, didn’t you?
Pipat :That’s
right.
Sarah: Great.
Then do you know your products well?
Pipat :I’ve
read a lot of books on those stones. There are a lot of beliefs and
research on the effects of each stone on people’s health, wealth.
Sarah: Excellent.
Are you good at taking photographs?
Pipat :
No, but I have a lot of friends who are good at that plus art work skills
Sarah:Do
you know how to create a website?
Pipat :Yes,
I really like doing that
Sarah: That’s marvelous what
you can do is to create your own website showing pictures of your beautify jewelry . Don’t forget to include the price of
each item and ways to pay money. Normally, customers must pay via a
credit card. Also , you must specify delivery method, delivery time, and
satisfaction guarantee.
Pipat : Are
you talk about e-commerce?
Sarah: Yes
