Question

In: Economics

1- Identify and describe the unique features of e-commerce technology and discuss their business significance؟ 2-Explain...

1- Identify and describe the unique features of e-commerce technology and discuss their business significance؟

2-Explain the process that should be followed in building an e-commerce web site؟

3-Identify the tools used to establish secure internet communication channels and protect network, servers, and client؟؟؟؟

Solutions

Expert Solution

Various unique features of E-commerce are:-

  1. Ubiquity:-

It means the internet or web technology is available every where at any time.

Business significance::-

Market place extended beyond traditional boundaries.

Removed from geographic location.

Brings customer convenience.

Reduce shopping cost.

2.Global reach:-

Technology reaches across national boundaries around the earth.

Business significance:-

It is enabled across cultural and national boundaries.

Contains billions of customers and businesses.

Universal standards:-  

There is one set of Technology standards called internet standards.

Business significance:-

This is a technological media standard available across the globe.

Richness:-

Video, Audio and text messages are possible.

Business significance:-

These medias are integrated into a single marketting message.

Consuming experience.

5. Interactivity:-

Technology works through interaction with user.

Business significance:-

Makes consumer a participant in delivering goods to market.

Consumers engage in a dialogue.

6.Information density:--

It reduces information cost and raises quality.

Business significance:-

Reduces information processing,storage and communication caused.

Improves currency,accuracy and timeliness.

7.Personalization:-

Allow personal messages to be delivered to individuals as well as groups.

Business significance:-

Personalizations are based on individuals characteristics.

2. Important steps in building an E-COMMERCE website are:-

1.Identify the product or service and the customer.

2. Choose a website development platform.

3. That helps in any online business as its foundation.

4. Choose the right website hosting platform.

  • It helps in determining our websites Accessibility and performance.

Choose the right E-COMMERCE development platform.

a.partners must be genuine and must offer the best.

5. E-COMMERCE website testing:-

It involves checking the website for bugs, usability

It can be either manual or automated.

6. Marketting:-

A well planned marketting strategy helps in getting the right audience at right time.

3. The various tools used to establish secured Internet communication channels.are:-

Software and hardware firewalls:-

Frequently used to prevent unauthorized users from accessing private networks .

Public key Infrastructure:-

For supporting the distribution and identification of Encrypted keys and Enabling users to exchange data securely

Encryption software:-

Software to Encrypt and decrypt data.

Digital certificates:-

Certificates which provides security applications of the public key infrasructure to the users.

Digital structure:-

Binds peer or entity to digital data

Guarantees the Integrity of data.

Biometrics:-

They are the Authentication techniques based on the physical characteristics like face, finger print, voice signature, Iris scan etc.

  


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