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E-COMMERCE VS E-BUSINESS
The Internet economy is a broader idea than e-commerce and e-business. It includes e-commerce and e-business.
The CREC (Center for Research and Electronic Commerce) at the University of Texas has developed an abstract framework for how the Internet economy works. The framework displays four layers of the Internet economy-the three mentioned above and a fourth called intermediaries (see Table)
Table: Internet Economies Conceptual Frame
Internet Economy Layer
Layer 1 -
Internet Infrastructure Companies t hat offer the enabling software,
hardware, and networking tools for
internet and for
T he world wide web (WWW).
Layer - 2
Internet
Applicat ions
Infrastructure Companies that create software products t hat make easy web transactions: company's t hat offer web development, consulting and design services.
Layer 3- Internet
Intermediary arise companies that connect e- commerce buyers and sellers companies that offer web companies that offer web
Content companies that provide market places in which e-commerce transactions can occur.
Layer 4- Int ernet
Commerce Companies that sell services or products directly to consumers or businesses.
Types of
companies
Networking software/
Hardware Companies Li ne stepping up
Hardware
Manufacturers Server and PC Manufacturers Internet
Backbone Providers Internet Service Providers (ISPs) Security vendors Fiber Optics Makers.
Commerce Applications -1.Web Development Software
2.internet
Consultants
3.Online Training 4.Search Engine Software 5.Web - Enabled Data bases 6.Multimedia
Applications.
Market Makers In
Vertical Industries Online Travel Agents Online Brokerages Content
Aggregator
Online Advertisers
Internet Ad Brokers Portals/ Content Providers.
E-Trailers Online
Entertainment and Professional services Manufacturers Selling Online Aldines Selling Online Tickets Fee/ Subscription Based
Companies.
Examples
Cisco
AOL AT&T Qwest
Ado be
Microsoft IBM Oracle
e-Steel
Travelocity e-Trade Yahoo! ZDNet
Amazon Com
Dell
QUESTION 1 (a) The Central Bank of a country performs several key functions within its economy. Besides being the Regulator and Supervisor of Banking Institutions, discuss the
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