IT430 E-Commerce Assignment No 03 Fall 2020 Solution & Discussion Due Date: 29-01-2021

[+ M.Tariq Malik]

IT430 E-Commerce Assignment No 03 Fall 2020 Solution & Discussion Due Date: 29-01-2021

[+ M.Tariq Malik]

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IT430_Assignment_No_03_Solution_Fall_2020

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IT430_Assignment_No_03_Solution_Fall_2020

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IT430 Assignment 3 Solution fall 2020 | IT430 Assignment 3 Solution 2021

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#IT430 #assignment3 #solutions
IT430 Assignment 3 Solution | fall 2020 IT430 Assignment 3 Solution 2021

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Objective

The objective of this assignment is:

• To make students understand about the idea of revenue models on the internet.
• To clear the concept of e-business and its implementation.

 

Instructions:

Please read the following instructions carefully before solving & submitting the assignment.

It should be clear that your assignment will not get any credit (zero marks) if:

• The assignment is submitted after the due date.
• The submitted assignment does NOT open or file is corrupted.
• The assignment is copied (from another student or ditto copy ofthe handouts or internet).
• No assignment will be accepted after the due date via email in any case (whether it is the case of load shedding or internet malfunctioning etc.). Hence refrain from uploading assignment in the last hour of the deadline.

 

Uploading instructions

• For clarity and simplicity, you are required to Upload/Submit only .doc or .docx file.

 

 

Suppose you hired as E-Bussiness expert in an Online Marketing Company. Based on the material you have learnt in this course, you are required to identify which E-Bussiness Model and Revenue Model  is suitable for each of the following:

• pk is Pakistan’s first Legal Comparison Website and a bonafide Legal Portal of Pakistan. They assist you in finding reliable lawyers and provide Legal Services with the greatest transparency and reliability. Which e-business model and e-business revenue model will be implemented here?

 

• pk is the biggest online toy shop in Pakistan with an extensive range of products, and the only toy shop in Pakistan catering to all age groups. Which e-business model and e-business revenue model will be suitable for Toyzone.pk?

 

• Foodpanda is offering online menus from the restaurants around you. Simply enter your area and search for cuisine type, restaurants or even price. You can order your food right from your home. Which e-business model and e-business revenue model will be implemented here?

 

• edu.pk is a project of HEC (Higher Education Commission) which provide researchers within public and private universities in Pakistan and development organizations with access to international scholarly literature based on electronic (online) delivery, providing access to high quality, peer-reviewed journals, databases, articles and e-Books across a wide range of disciplines. Which e-business model and e-business revenue model will be suitable for DigitalLibrary?

 

• ProPakistani is the largest independent news publisher in Pakistan. ProPakistani is bringing the same expertise and comprehensive coverage to business, auto, startups, sports, and many other fields. They offer expert level blog articles for almost every field of life. Which e-business model and e-business revenue model will be suitable for ProPakistani?

Good Luck!

[+ M.Tariq Malik]

24justice.pk

 

E-Business Models

Online Service Providers

These e-businesses help improve policies, procedures, customer service and general operations of other businesses. They can provide consultancy/professional services, for example, web site development services, online legal consultancy services

 

E-Business Revenue Model

Fee for transaction Revenue

There are businesses offering services for which they charge a fee based on the number or size of transactions they process. The business provides information to the customers which is required to complete a transaction and revenue is purely earned on that basis.

Toyzone.pk

 

E-Business Models

Store Front Model

It represents basic form of e-commerce where buyers and sellers interact directly. Merchants need to organize online catalog of products, take orders through their websites, accept payments in a secure environment and send items to the customers.

E-Business Revenue Model

Web Catalogue Revenue Model

Though the goal of an e-business can be to reduce cost or improve customer service, however, the primary aim of most e-commerce sites is to generate revenue and earn profit. This is the most simple and common type of e-business model for generating revenue. This model would use electronic catalogue and shopping cart providing access to customers throughout the world.

 

Foodpanda

 

E-Business Models

Portal Model

Portals are the web sites which provide chance to the visitors to find almost everything in one place.

Horizontal portals provide information about a very broad range of topics. Search engine is the example of a horizontal portal. Vertical portals provide information pertaining to a single area of interest.

 

E-Business Revenue Model

Fee for transaction Revenue

There are businesses offering services for which they charge a fee based on the number or size of transactions they process. The business provides information to the customers which is required to complete a transaction and revenue is purely earned on that basis.

ProPakistani

 

 

 

E-Business Models

Online News Service

Many newspapers/magazines have online presence, providing 24-hour updates. Online publishing is attractive because printing and distribution costs are not involved in it.

[+ M.Tariq Malik]

            E-Commerce (IT430) solution fall 2020

                                                               Assignment No. 3

Student Name:

Student ID:

Question No. 1

Suppose you hired as E-Business expert in an Online Marketing Company. Based on the material you have learnt in this course, you are required to identify which E-Business Model and Revenue Model is suitable for each of the following:

24Justice.pk is Pakistan’s first Legal Comparison Website and a bonafide Legal Portal of Pakistan. They assist you in finding reliable lawyers and provide Legal Services with the greatest transparency and reliability. Which e-business model and e-business revenue model will be implemented here?

E-Business Model:

Online Service Provider:

These e-businesses help improve policies, procedures, customer service and general operations of other businesses. They can provide consultancy/professional services, for example, web site development services, online legal consultancy services internet service provider, email provider, news provider, entertainment provider, search, e-shopping site, e-finance or e-banking site, e-health site, e-government site etc.

           E-Business Revenue Model:

 Fee for Service Revenue Model:

E-businesses that provide online entertainment and online games are also the examples of this type. In case of online games, visitors pay to the business either by buying and installing game software on their computers or by paying a subscription fee for playing online for a limited time. Five general types of fees exist: mandatory, voluntary, requested, membership and hybrid. This earns revenue for the business.

 

Toyzone.pk is the biggest online toy shop in Pakistan with an extensive range of products, and the only toy shop in Pakistan catering to all age groups. Which e-business model and e-business revenue model will be suitable for Toyzone.pk?

           E-Business Model:

Storefront Model:

This model is a basic form of e-commerce in which the buyer and the seller interact directly. • It combines transaction processing, security, online payment and information storage to enable merchants to sell their products online.

        E-Business Revenue Model:

Web Catalogue Revenue Model:

This is the most simple and common type of e-business model for generating revenue. This model would use electronic catalogue and shopping cart providing access to customers throughout the world. Businesses using this type of a model include online sellers of computers, electronic items, books, music, videos, toys, flowers, gifts, clothes etc. Payment received from customers is the source of earning revenue.

 

 

Food panda is offering online menus from the restaurants around you. Simply enter your area and search for cuisine type, restaurants or even price. You can order your food right from your home. Which e-business model and e-business revenue model will be implemented here?

       E-Business Model:

Portal Model:

Portal models give the visitors the chance to find almost everything they are looking for in one place. They often offer news, sports, and weather information, as well as the ability to search the web.

       E-Business Revenue Model:

Fee-For Transaction Revenue Model:

A company receives commissions based on volume for enabling or executing transactions. The business provides information to the customers which is required to complete a transaction and revenue is purely earned on that basis. The revenue is generated through transaction fees by the customer paying a fee for a transaction to the operator of a platform. s. For example, online travel agents receive a fee for facilitating a transaction that includes the making of travel arrangement for their clients, as well as, advising them about lodging, transportation etc. Stock brokerage firms also use this model as they charge their customers a commission for each transaction of stocks/shares executed through them.

 

 

 Digitallibrary.edu.pk is a project of HEC (Higher Education Commission) which provide researchers within public and private universities in Pakistan and development organizations with access to international scholarly literature based on electronic (online) delivery, providing access to high quality, peer-reviewed journals, databases, articles and e-Books across a wide range of disciplines. Which e-business model and e-business revenue model will be suitable for Digital Library?

    E-Business Model:

E-Learning:

E-learning refers to a learning system that we can obtain through the internet using an electronic device. Universities and various training institutes are offering high-quality distance education over the web. E-books and other reading material can be easily downloaded to one’s computer. Virtual University is an example of this type of business model.

    E-Business Revenue Model:

Digital Content Revenue Model:

Web serves as a very efficient distribution mechanism of content. Therefore, one finds many e-businesses that offer different types of information services such as legal information, corporate information, government information, news and resources for academic libraries etc. These services can be customized by an e-business for different firm sizes depending upon their needs and usage pattern. In subscription-based revenue models, you offer content to the website visitor who then agrees to pay you a subscription fee for ongoing access to that content. Content can be in the form of online streaming video or digital news services, or anything else of value to the website visitor. This fee becomes the main source of generating revenue for the e-business.

 

 

ProPakistani is the largest independent news publisher in Pakistan. ProPakistani is bringing the same expertise and comprehensive coverage to business, auto, startups, sports, and many other fields. They offer expert level blog articles for almost every field of life. Which e-business model and e-business revenue model will be suitable for Pro Pakistani?

    E-Business Model:

Online News Service Model:

Many newspapers/magazines have online presence, providing 24-hour updates. Online publishing is attractive because printing and distribution costs are not involved in it.

    E-Business Revenue Model:

Advertising-Supported Revenue Model:

An advertising-supported revenue model is a business approach that emphasizes the sale of advertising as a major source of revenue. In this model service/information is provided free of any charge to certain audience and the advertising revenue is sufficient to support the operation of the business and its cost. For example, Yahoo portal provides useful information and a search engine free of cost, but earns revenue through advertisements on its portal web site to bear the operational cost.

 

 

 

[+ M.Tariq Malik]

IT430_Assignment_No_03_Solution_Fall_2020

Click on the below link to download the file

IT430_Assignment_No_03_Solution_Fall_2020