E business week 1

1) Internet risks – give examples of four things that can go wrong with a transactional site?

1. Your security could be comprimised because the transactional site you gave your credit card details or other details to may misuse them which intrudes on your privacy or costs you money.

2. You may pay for an item that is to be delivered to you from overseas, however you may never receive that item as the transactional site you used may have been a fake one.

3. You could be linked in illegal activities if your credit card is used to purchase illegal products such as drugs because your credit card details could have been stolen.

4. You could be overcharged for a product you purchased and it may be hard to get a refu onto your card especially if the transactional site you used isn't completely safe.





2) Write down a definition for each:

a) E-commerce: E-commerce occurs when a customer purchases a product electronically rather than just face to face cash in hand. Without E-business you wouldn't have E-commerce because you need a business and products to be able to sell products electronically.

b) E-business: E-business is when a company or person advertises their business electronically and allows users to get details of their business from the comfort of their home or in some cases browse for items online.




3) What is the difference between buy side and sell side eCommerce?

The difference between buy side eCommerce and sell side eCommerce is, buy side websites deal in the buying of products or services, where as sell side business would deal in selling products or services.


4) Describe the different types of eBusiness


Business-to-Business (B2B): When a business sells to another business.
Business-to-Consumer (B2C): When a business sells to an end-user (customer)
Consumer-to-Government (C2G): When end-users advise/tell the government what they want.
Consumer-to-Business (C2B): When a consumer allows businesses to tender for their required products or services.
Consumer-to-Consumer (C2C): This is when an end-user buys or sells to other end-users. Ebay can be considered an example of C2C.
Government-to-Government (G2G): When a government sells to another government.
Government-to-Business (G2B): Platforms that allow the government to assist businesses meet their obligations (i.e. the lodgment of tax returns, information exchanges).
Business-to-Government (B2G): When a business advises/tells the government what they want.
Government-to-Consumer (G2C): Platforms that allow the government to assist end-users meet their obligations (i.e. the lodgment of tax returns, information exchanges).





5) Which digital technology has the highest penetration rate? Explain and source your answer.

Mobile phones have the highest penetration rate in digital technology. On December 2005, mobile phones were used by 85% of the UK population, digital TV was being used by 64% of the UK population and the internet was only used by 61% of the UK population. This shows that mobile phones are most frequently used form of digital technology.)
Source: MORI Technology Tracker, January 2006. Via PowerPoint: Intro to eBusiness Fundamentals (Knox, 2010).


6) List::Four drivers to adoption of sell-side e-commerce by business.

Four drivers to sell-side e-commerce are:
Reduced costs: eg. Instead of using hard copies which involve the heavy use of paper and ink, the internet and digital technology can be used instead.
Increased reach to new markets: eg. Higher volumes of consumers are able to reach your product or services. Through this you can increase your target market, from your regular customers to a larger demographic.
Customer Demand: eg. By having an effective and efficient e-commerce the customer is more likely to choose your product over others in the same field. An example of this would be either Amazon or ebay.
Competitive Threats: eg. As e-commerce is becoming more popular, businesses (bricks and mortar) may decide there’s a need to expand their market hold.
Source: MORI Technology Tracker, January 2006. Via PowerPoint: Intro to eBusiness Fundamentals (Knox, 2010).


7) Four barriers to adoption of sell-side e-commerce by business.

1 The start up cost of an e-business company can be a barrier due to the expensive start up price. (Knox, 2012. Pg 20)
2 Time and resources can become an issue due to the business may not have the time to dedicate to the online business. A business may not have the resources to pay for or continue to run an online business. (Knox, 2012. Pg 20)
3 Lack of knowledge. If the business does not have the basic understanding on the internet then the businesses would most likely not be profitable to be online. If the business does not know how to work the internet or have programs so people can purchase online the business would not succeed. (Knox, 2012. Pg 20)
4 Reluctance of suppliers would become a barrier due to if the company does not sell the items to the business through online then that would become an issue. If the business cannot get a supplier which supplies online or even a supplier at all then the business would be in trouble. (Knox, 2012. Pg 20)
Knox,I. (2012). Introduction to e-business. Powerpoint presentation. Retrieved from page 20.


8) What are some examples of Digital information?


1- Iphone

2- Ipad

3- Computer

4- Camera

5-DVD or CD


9) What is the semantic web? Are we there yet?

Semantic web is a web that is able to describe things in a way that computer can understand. The semantic web is not about links between web pages. It describes the relationship between things and the properties of things. People have already noticed and used semantic web in nowadays. However, semantic web is not widely and flexibly used in human's life and businesses.