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ECOMM I Competency 1.02 Vocabulary Review

AB
Transaction processingCompleting a transaction online--such as when a consumer uses a shopping cart to make online purchases.
IntranetA web-based private network that hosts Internet applications on a local area network; used for security purposes.
ProcurementThe purchase of goods for resale.
Snail mailMail sent and received via the US Postal Service.
B2BThe activities conducted online between two businesses. Example: www.wholesalecentral.com
B2CThe exchange of products, services, or information over the Internet by businesses to consumers. Example: www.Gap.com
B2GInvolves the concept that businesses and government agencies can use central web sites to exchange information and do business with each other. Example: eProcurement
C2CIs the exchange of products, services, or information over the Internet between consumers. Example: www.eBay.com
C2BIs the exchange of products, services, or information over the Internet between consumers and businesses. Example: www.priceline.com
Shopping cartAn electronic tool used by online consumers to purchase goods and services.
Fulfillment companyOffers services to other companies such as transaction processing, providing security, etc.
Human ResourcesThe division of a company which hires employees and takes care of all employee-related matters.
Electronic Data Interchange (EDI)When one business transfers computer-readable data into an agreed-upon format to another business.
Internet Service Provider (ISP)A business that provides access to the Internet via modem, DSL, or TI. They also provide other services such as e-mail, web hosting, and web design.
Consumer LogisticsBrowsing for information from multiple sites for comparison shopping purposes
Business LogisticsDelivery and warehousing activities that will provide the right goods in the right quantities in the right place at the right time.
GPSAn access mechanism which allows the tracking of vehicle location through satellite.
Web auctionA site which provides a forum for buyers and sellers to trade items. An auction site normally charges both buyers and sellers; many web auctions sell advertising on its pages.
Electronic Funds Transfer (EFT)A service that allows account to account transfers between accounts at different banks.
Value Added Network (VAN)This service provides connections, ensures security for data, and charges a monthly fee plus a fee for each transaction.
e-ProcurementAll purchasing activities plus all of the monitoring of all elements of purchase transactions.


Business and Information Technology Teacher
Wheatmore High
Trinity, NC

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