P3 – Explain the potential risks to an organisation of committing to an e-commerce system Hacking - This is associated with malicious programming attacks on the Internet. For example personal data can be stolen online‚ things like your credit card details so the hacker can use that to purchase things. If the hacker gets access to the site and breaks the encryption then they can access customer details. Product Description Problems – Most customers worry that the product description may be wrong
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Executive Summary Commerce Bank was founded in 1973 by Vernon Hill II who took his experience in operating fast-food restaurants and applied it to banking. He decided to call his branches "stores" and developed a business model focused on maximizing customer convenience and delivering consistently great customer experiences. Commerce Bank invested heavily in store facilities and personnel to make the customer experience great and did not focus on having the best rates. To increase convenience‚
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Common weaknesses and attacks associated with e-commerce and social networking applications Security of transactions is critical in building the confidence of customers in a specified e-commerce site. This security depends heavily on an organization ’s ability to ensure authenticity‚ availability‚ privacy‚ integrity and disruption of unwanted intrusions. Malicious program known as sniffer programs often disrupt the privacy transactions especially when one uses unauthorized networks. They are found
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merchants traveled around the world and learned the more efficient ways to govern and different cultures or rituals they could adapt. Trade helped shape and link societies and people from the entire world and this motivated and sustained long distance commerce. 2. Eastern Hemisphere societies developed long distance trade more extensively than Western Hemisphere societies because of geography. Some geographical differences added obstacles. For example the narrow bottleneck of Panama covered with
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(Scupola 2012). Once such area of evolution is of e-commerce having application in mobile commerce (M-Commerce). M-Commerce is buying and selling goods using wireless technology through handled devices such as mobile phones and personal digital equipment’s.( Abbott‚ 200). Some examples of m-commerce include purchasing of airline tickets‚ buying movie tickets‚ banking using mobile and etc. We can say that m-commerce is competing with e-commerce as there are more mobile phone users now days compared
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Brief Description of week 2 submission: At the beginning of the semester my understanding of responsible commerce was‚ for companies to build a socially acceptable business‚ that not only conformed to shareholders wants but to that of society and the environment. Social responsibility is about being transparent so that the business has the trust of the community. It is about looking after all people who have an interest in the business managers‚ to employees‚ the community‚ government‚ it is all
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Introduction: There are various electronic commerce activities and mechanisms. E-Commerce Activities and Mechanisms include the following but not limited to: E-Market Place: It is an online market usually B2B where buyers and sellers exchange goods or services. EC transactions take place in the electronic equivalent of a mall called the electronic marketplace (e-marketplace). Electronic marketplaces utilize different tools (electronic shopping cart‚ e-catalog‚ fulfillment technologies‚ and checkout
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Jack Ma (Ma‚ Yun)‚ “Alibaba” of China’s e-commerce business As a young Charismatic leader‚ how will Jack Ma overcome challenges of running a big business and get success when going forward? Alibaba Group‚ even only with 12years history‚ is one of the biggest e-commerce platforms for small businesses in the world. Its business includes: Alibaba.com‚ which is for small firms to find customers and suppliers without going through middlemen‚ has 57million users‚ nearly in every country. Another
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and Employment. Non-economic activities are undertaken not for earning money but for personal satisfaction. Examples: A housewife looking after her family‚ A person visiting a temple are the examples of non-economic activities. 1.Introduction to Commerce Difference between Economic and Non- Economic Activities. Basis Purpose Reward Economic Activity Profit Non-Economic Activity To satisfy personal‚ social‚ religious and patriotic beliefs. Not expected to create any financial reward Emotional and
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cannibalization they should slim down certain aspects of their company. As Lonely Planet is currently operating they are selling hard copy books through their website and retail resellers. Along with this they have also started selling their guides as e-books for the Kindle. This poses the threat of both channel conflict and cannibalization. In order to stay competitive with other guide book company’s they will have to reduce the price of their products. If they don’t do this across the board‚ they
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