TOPIC ONE – INVESTIGATING
eBUSINESS
Activity 1
Task 1
Definitions:
eBusiness – a company that does all or most of its
transactions through the internet.
E-commerce – commercial transactions conducted through the
internet.
Australian Business Number (ABN) – a unique business identifier
issued by the Australian Business register.
Business plan – a business plan is a formal statement of a
set of goals for the business.
Entrepreneur – a person who sets up a business, taking risks
financially in hope of success and profit.
Calculated risk – is a finance and economics blog.
Marketing slogan – short, memorable group of words advertising
a business.
Mission statement – a formal summary of the aims and values
of a company, organization or individual.
S.W.O.T Analysis – a study undertaken by an organization to
identify its internal strengths and weaknesses.
Target Market – group of customers the business has aimed it
at.
Task 2 –
What’s
e-commerce & eBusiness?
1. Things that are related
to finance to commence an online business are products for people to buy and
the company to make a profit. Most people need ta loan from the bank as many
wouldn’t have enough money to start, so money is loaned and repaid later.
2. Marketing a business
takes time and skills. Two things needed for an online business would be
creating a website, for easy access and browsing for customers. Here they can
inquire look and buy products. Slogan and logos need to be clever and well
designed and thought out, to attract viewers and something that is easy to visualise
and remembered.
Task 3 –
Part
1
Online
trading research task:
Part
2
This business sells cookie with over 20 varieties of
flavours and other products. They make birthday cake, brownies and all sorts of
things. Their target audience is all ages as they have certain products aimed
at certain age groups. It would be most popular with 13-30 year olds. This
company in not wholly Australian as it is an American website and is made there
too.
Dissh is a women’s clothing company. They sell modern all
sorts of clothing for women, ranging from skirts, pants, tops and dresses with
lots of varieties of patterns. They aim there clothing range at 20-35 year old
females. It is an Australians company however some clothes are brought from
overseas.
Products sold at ephamarcy and for all genders. They sell a
wide variety of products for your skin, hair and bottle as well as daily needs.
It sells suitable items for all ages. It is an Australian website.
webjet doesn’t sell products it sells flight, hotels and accommodation
packages for when you travel. It compares all flights or hotels for the
customer to find the most suitable one. It is aimed for all genders 18+. It is
an Australian company.
The Chocolate box sells all sorts of chocolate products
including: bars, slices and cakes. It is mainly aimed at 20+ of both genders.
It sells things for certain occasions to attract more buyers. Not all products
are made in Australia but it is an Australian company.
Activity 2
Task 1
Group
Task
T-shirts
Chocolates
Cakes
Cookies
Tea
Shorts
Clothes
Soaps
Homewares
Creams
Scrunchies
Bracelets
Body wash
Pencil cases’
Pens
Ribbons
Note book range
Anklets
Earrings
Task 2
Individual
task
Three
business ideas
BRACLETS- They is popular with younger & teen age
groups. They are easy to make and in bulk too. String and beads are cheap and
if many are sold a reasonable profit can be made. They’re also light and easy
to send in the post.
KITCHEN HOMEWARES – Cooking is something I enjoy, I thought
of involving this hobby to making a business making aprons, tea towels, places
mats and napkins. A range of things for the kitchen, involving what I love.
This would be popular with all age groups. I could make them with all different
patterns to suit age, gender and occasions. They wouldn’t be trouble posting
either.
SCRUCHIES – scrunchies used to be popular and are coming
back in. They are cheap and easy to make. You can make lots of patterns to suit
particular need as well as school colours to wear to school and they are easy
to post as they are small and light.
Individual
task, no.2
KITCHEN HOMEWARES – Interests me, how much? This business
idea interests me a lot as I love food and cooking. It’s a good idea as I repeats
to what I love but isn’t perishable like food. Experience? I have little
experience in sewing so I would have to spend some time teaching myself. Simple
to set up? It will take some time learning to sew and a new skill set but once
I get the hang of it I think it will be fun! Any names? I haven’t thought of
any name ideas at the moment. Future of the business? Yes I can imagine this
business running in years to come.
Individual
task, no.3
Reasons
for your final decision?
FINAL eBusiness decision? My final decision is to go with
the kitchen home wares business idea. Why? Because it interests me and it’s what
I love, I think it will be fun learning new skills. It isn’t something common
and it isn’t just suitable for my age group. Two advantages? Creativity – it’s
an interesting idea and is not that common and I can create amazing design and
use awesome pattern that may be a success. Tim e – ill spend a lot of time
getting my products at a high standard. Things ill need – material, Time,
money, designs, ribbon, buttons, sewing machine
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