ELECTRONIC COMMERCE

How does e-Commerce impact the US economy?

• Consumers only visit physical locations to purchase goods

• Businesses experience decreased rent expense

• Consumers have fewer choices

• Businesses can sell to a larger market

Which is NOT a negative impact of e-Commerce

• Availability of products 24/7/365

• You never have to pay shipping charges

• Receive product immediately

• Potential for scamming

Which of the following is NOT required to use e-Commerce?

• Internet Access

• Digital Cash

• Cash

• Computer/Smart device

What is e-Commerce

• Any type transaction, that involves the transfer of good and/or services across the Internet.

• Any type of transaction that requires business to have a physical store

• Business that are powered electrically

• Electronic money such as credit cards, debit cards, Pay Pal, Apple Pay

Which of the following is NOT a benefit of e-Commerce

• Faster to buy/sell

• Easier to find products

• Geographic limitations

• Can purchase goods from any location

What is Online rewards platform ?

• Platform where a company develop a rewards program.

• Website where customers offer rewards to companies for their excellent services.

• This type of interaction turns the concept of "purchase"-based loyalty on its head, and changes the way businesses think about their customer relationships

What is the meaning of the acronym API?

• Application Protocol Interactive.

• Application Programming

  Interface.

• Application Producer Interface

Meaning of Cloud computing

• Virtual storage services

• Virtual site focus on "development of apps"

• Cover a vast range of options, from the basics of storage, networking, and processing power through to natural language processing and artificial intelligence as well as standard office applications.

Reasons Business should use Cloud Services

• Makes collaboration easy & cheaper.

• It can support variety of business needs & offers better insights and visibility.

• Cheaper technology & easy to use.

• Fast connection to internet & easy access to content.

An e-commerce transaction primary involves:

• Cash
• Checks
• Credit cards
• Smart cards