1) Internet risks – give examples of four things that can go wrong with a transactional site?
Orders details can be entered incorrectlyA lot of people have concerns about Internet security, sites need to be constantly checked to ensure personal information isn't been shared
Technical issues can occur meaning businesses can lose sales. For examples - Sites may crash, slow connections etc
possibility of purchasing from a fake of fraudulent website, or item may not be to the standard the customer expected
A transactional site is a website that allows you to complete a full transaction, there is a connection between the business and the customer. For example Amazon and eBay are transactional sites.
2) Write down a definition for each:
E-commerce: (electric Commerce) is the process of buying and selling of a product or service over the Internet, this allows people to purchase goods with out having to leave the houseE-business: is the conducting of business on the Internet (hence Internet business) not only buying and selling, but also serving customers and collaborating with business partners. A good example is eBay which is a Internet business.
3) What is the difference between buy side and sell side eCommerce?
Buy side e-commerce is when a business organisation buys product from another business like a supplier or manufacturer.Sell side e-commerce is when a business sells a product or service using the internet and and webpage.
Buy Side - Sell Side
4) Describe the different types of eBusiness
Figure taken from:
03/03/2013
5) Which digital technology has the highest penetration rate? Explain and source your answer.
The Smart Phone: 50% penetration rate in less than ten years. This is because the smartphone offers so much more than any other phone, it allows you full access to the internet, take/make calls/texts/emails etc at any time anywhere.
6) Four drivers to adoption of sell-side e-commerce by business.
Expansion of their marketDecrease amount of inventory needed
Reduced Costs
Reduced risk of Cost
7) Four barriers to adoption of sell-side e-commerce by business.
Lack of time and resourcesLack of knowledge
Cost
Both parties need to be tech savvy
8) How might a restaurant benefit from an online presence?
A restaurant would benefit greatly from a online presence, personally i know I'm always 'googleing' places to eat and those places without a online presence don't get a look in. It gives customers the ability to see operating hours, specials, read menu's online and in some cases even allows you to book online. I think all restaurants should have a online presence to stay in the game.9) What are some examples of Digital information?
ComputersMobile phones/Tables
TV's
CD's/DVD's
Text
Music
Images/Pictures
Videos
E-Books
10) What is the semantic web? Are we there yet?
The Semantic Web is the extension of the World Wide Web that enables people to share content beyond the boundaries of applications and websites. Semantic WebNo, I don't feel we have a semantic web yet as the web is still dominated by search engines such as Google and Bing which require you to sift through information to find the correct thing.
