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E-business

QuestionAnswer
Offsets Seller is required to assist in or to arrange for the marketing of products produced by the buying country or to allow some portion of the exported product to be assembled or manufactured by producers located in the buying country.
Switch-trading refers to a switch in the country of destination goods
Pros of Counter trade Gives firms a way to finance an export deal when other means are unavailable.Foreign government may require it and helps countries that don't have sufficient foreign currency reserves.
Cons of Counter trade May involve defective goods, must invest in in-house trading department -expensive and time consuming and most attractive to large, diverse multinational enterprises.
What is Ebusiness? Is the strategic use of technology, particularly the internet, to integrate and streamline the business processes, enterprise applications and organizational structure of a business to create a high-performance business model.
Electronic Data Interchange (EDI) Is a structured way of creating electronic "forms" that can be transmitted between trading partners to execute business transactions without the need to generate any paper. ex invoices.
Customer relationship Management (CRM) The set of strategies, technologies and processes that enable the business to continuously improve offerings to customers.
Eprocurement The complete business process of acquiring goods and services through electronic means, from requisition through fulfillment and payment.
Systems Integration Is the bringing together of various business systems having different technologies, functions and platforms so they can conduct business to processes in such a way that the user does not see that different systems are being used.
Intranets Computer networks within an enterprise that make use of internet technology.
Extranets Computer networks that make use of internet technology and include users from outside the organization as well as inside.
Hypertext Markup Language(HTML) The programming language used to create webpages.
Created by: rafi.sultani
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