E-commerce: Digital Markets, Digital Goods
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| Advertising revenue model | in this a website generates revenue by attracting a large audience of visitors who can then be exposed to advertisements.
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| Affiliate revenue model | in this model websites sends visitors to other websites in return for a referral fee or percentage of the revenue from any resulting sales.
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| Behavioral Targeting | is a technique to increase the effectiveness of banners.
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| Business-to-business (B2B) | electronic commerce involves sales of goods and services among business.
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| Business-to-consumer (B2C) | electronic commerce involves retailing products and services to individual shoppers.
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| Community providers | are sites that create a digital online environment where people with similar interests can transact, share photos, videos, communicate with like minded people.
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| Consumer-to-consumer (C2C) | electronic commerce involves consumers selling directly to consumers.
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| Cost transparency | refers to ability of consumers to discover the actual costs merchants pay for products.
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| Crowdsourcing | A potential solution method to solving business problems of a firm
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| Customization | the technology also permits changing the delivered product or service based on users preferences or prior behavior.
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| Digital goods | goods that can be delivered over digital network
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| Direct goods | used directly in production process such as sheet of steel for auto body production.
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| Disintremediation | the removal of organizations or business process layers responsible for intermediary steps in a value chain is called disintremediation.
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| Dynamic pricing | the price of the product varies depending on the demand characteristics of the customer or the supply situation of the seller.
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| Electronic data interchange (EDI) | enables the computer-to-computer exchange between two organizations of standard transactions such as invoices, bills of landing, shipment schedules or purchases orders.
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| E-trailer | online retail stores are called e-trailer.
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| Exchanges | are independently owned third party net market places that convert thousands of suppliers and buyers for spot purchasing.
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| Free/freemium revenue model | in this firm offers basic services or content for free and charge a premium for advanced or special features.
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| Geoadvertising services | Tells you where to find the nearest Italian restaurant
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| Geoinformation services | Tells you the price of a house you are looking at or about special exhibits at a museum you are passing
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| Geosocial services | Tells you where your friends are meeting
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| Indirect goods | are goods not directly involved in production process.
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| Information asymmetry | when one party in a transaction has more information that is more important for the transaction than the other party.
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| Information density | the total amount of the quality of information available to all market participants , consumers, and merchants alike.
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| Intellectual property | refers to tangible and intangible products of the mind for which the creator claims property right.
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| Location-based services | Include geosocial, geoadvertising, and geoinformation services
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| Long tail marketing | When the Internet allows marketers to find potential customers inexpensively for products where demand is very low
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| Market creator | build digital environment in which buyers and sellers can meet. display products, search for products, and establish prices.
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| Market entry costs | the cost merchants must pay simply to bring their goods to market .
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| Market space | a marketplace extended beyond tradition boundaries and removed from a r=temporal and geographical location.
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| Menu costs | merchants costs of changing prices.
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| Micropayment systems | provides content providers with a cost effective method for processing high volume of very small monetary transactions.
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| Mobile commerce (m-commerce) | use of handheld wireless devices for purchasing goods ad services from any location is termed as mobile commerce.
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| Net marketplaces | which are sometimes called e-hubs provides a single , digital marketplace based on internet technology for many buyers and sellers.
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| Personalization | Merchants can target their market messages to specific individuals by adjusting the message to person's click stream behavior, name , interests, and past purchases.
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| Podcasting | is a method of publishing audio or video broadcasts through internet, allowing subscribing users to download audio or video files onto their personal computers, smartphones and portable music players.
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| Price discrimination | selling the same goods or nearly the same goods, to different targeted groups at different prices.
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| Price transperency | refers to ease with which consumers can find out the variety of prices in a market.
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| Private exchange | is another term for private industrial network
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| Private industrial networks | consists of large firm using a secure website to link to its suppliers and other key business partners.
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| Revenue model | describes how the firm will earn revenue , generate profits and produce a superior return on investment.
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| Richness | refers to complexity and content of message.
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| Sales revenue model | is a revenue model where companies derive revenue by selling goods , information, or services to customers.
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| Search costs | the effort required to find suitable products.
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| Social graph | a mapping of all significant online social relationships.
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| Social shopping | Sites such as Pinterest where you can swap shopping ideas with friends
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| Streaming | is a publishing method for music and video files that flows a continuous stream of content to a users device without being stored locally on the device.
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| Subscription revenue model | is service charge or subscription fee charged by a website fo access to some or all of its offerings.
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| Transaction costs | the costs of participating in a market.
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| Transaction fee revenue model | is a fee received by a company for enabling or executing a transaction.
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| Wisdom of crowds | is a phenomenon where large number of people can make better decisions about wide range of topics or products than a single person or even a small committee of experts.
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| FinTech | Start-up financial technology firms, that have grown rapidly to compete with banks for peer-to-peer (P2P) bill payment, money transfer, lending, crowd sourcing, financial advice, and account aggregation services
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| Native advertising | Involves placing ads in social network news feeds or within traditional editorial content, such as a newspaper article
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