In: Economics
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؟؟؟؟
Various unique features of E-commerce are:-
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.
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.