Enumerate and Define the following below. And in your own words 1.What is a Business Models related to E-commerce? 2.What is Technical and Economical Changes? 3.What is a Fundamental sales process? 4. What is a Electronic Markets? 5.What is a Implications on Application Development?NAME: SUBJECT: E-COMMERCE YEAR AND SECTION : SCORE: TRUE OR FALSE 1. One of the biggest challenges that instructors face in teaching a course on e-commerce is helping students make sense of a very complex phenomenon that involves considerations of markets, firms, consumer behaviour, and technology, among others. _2. E-commerce is as much a sociological phenomenon as it is a business and technological phenomenon. In addition to the social aspect of e-commerce, two major themes in the text are the full emergence of the mobile platform and the increasing emphasis on local e-commerce. 3. Since it began in 1995, global ecommerce has grown from a standing start to a $600 billion business-to-consumer and a $6.7 trillion business-to-business juggernaut, bringing about enormous change in business firms, markets, and consumer behaviour. _4. During this relatively short time, ecommerce has itself been transformed from its origin as a mechanism for online retail sales into something much broader. 5. Today, e-commerce has become the platform for media and new, unique services and capabilities that aren't found in the physical world. 6. E-commerce is projected to continue growing at double-digit rates over the next five years, remaining the fastest growing form of commerce. 7. E-business will not be the be-all and end-all in the future, but e-commerce will certainly gain in importance. 8. E-business processes are carried out using ICT equipment and applications. 9. E-commerce business model is important for companies to survive in global economy. 10. A substantial number of primitive e-commerce web sites have been developed in late 20th century and the year 2000 and although many e-commerce web sites were collapsed in the dot.com fall in 2000 and 2001, many companies started to develop web sites with e-commerce capabilities. 11. The key feature of serverside programming that is unique to client-side programming is the generation of dynamic Web pages, no matter what computer language is used to implement e-business. 12. The ultimate outcomes of e-commerce behind the online business is data saving, searching, maintenance, and regeneration. 13. The explosive growth of many e-commerce applications has been dominated by the need to minimize the time to consumer. 14. The discourse of free data flows' disregards the unequal footing on which intelligence rich' a 6 intelligence poor nations compete in the digital business. 15. E-commerce Web sites using multi-tier architecture are flexible, scalable, and responsive to the expectations of distributors