I am going to be explaining the potential risk to an organisation of committing to an E-commerce system. E-commerce has many drawbacks. I will be going through these drawbacks that risk an organisation of committing to an E-commerce system. * Advertising and maintaining website * Hackers * Identity theft * Website not being recognised * Viruses * Profit * Delivery Advertising and maintaining website A drawback of an Ecommerce is the advertising. If no-one knows
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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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Potential Risks of an E-Commerce System Computer viruses and malicious software are some of the biggest threats to an e-commerce system. Viruses come from external sources and can corrupt files if introduced into the internal network. They can completely halt or destroy a computer system and disrupt the operations of any website especially E-Commerce. Malicious software such as Trojan horses pose an even greater threat as they can capture information about your clients before any encryption software
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introducing an e-commerce system to the organisation are followed: • Organisation can carry out their business without concerning about time and distance. Customer just can log in to organisation’s website whenever they wish to and purchase in single mouse click. • Organisation eliminates processing errors; make it faster and convenient for the visitor. • Organisation can sell their services/products directly to customers while cutting the costs of traditional retailing method. E.g. E-tailer does
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Explanation of the Issue * Electronic commerce and its related activities over the internet can be the engines that improve domestic economic well-being through liberalization of domestic services‚ more rapid integration into globalization of production‚ and leap-frogging of available technology. Since electronic commerce integrates the domestic and global markets from its very inception‚ negotiating on trade issues related to electronic commerce will‚ even more than trade negotiations have
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sales for consumer goods. In 2020‚ this amount is expected to be almost multiplied by 10 to reach 10 Trillion Yuan and 16% of retail sales. (Source: Chinainternwatch and AliResearch) In comparison to USA market 210 Billion USD in 2012‚ Chinese e-commerce already surpassed USA in transaction amount. By 2014‚ the gap will reach 74% in favor of China sustained growth. (Source: http://techcrunch.com/2010/03/08/forrester-forecast-online-retail-sales-will-grow-to-250-billion-by-2014/) Few factors
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E-Commerce Security Risks Question 1 and 2 are worth 20 points‚ Question 3 is worth 60 points. Please write complete answers for Each question and submit for grading using the Assignment tool. 1. Why are some online merchants hesitant to ship to international addresses? What are some of the risks of doing so? Some e-commerce merchants are hesitant to ship internationally because credit card companies cannot verify the addresses of international buyers. The risk for online merchants of
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Electronic commerce‚ and more broadly electronic business‚ has seen amazing growth in the past 15 years. With the introduction of Web browsers that incorporated user friendly graphic interfaces‚ E-commerce saw the beginning of its amazing growth. While talking about e-commerce and e-business‚ it is important to understand that there is a difference between the two. E-commerce is the process of exchanging goods and services over an electronic means‚ most popularly done over the Internet. E-business
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CHAPTER Introduction to e-commerce 1 LEARNING OBJECTIVES ● ● ● ● ● ● To understand the complexity of e-commerce and its many facets. To explore how e-business and e-commerce fit together. To identify the impact of e-commerce. To recognise the benefits and limitations of e-commerce. To use classification frameworks for analysing e-commerce. To identify the main barriers to the growth and development of e-commerce in organisations. WHAT IS ELECTRONIC COMMERCE? Even today‚ some considerable
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Introduction Electronic Commerce or E-commerce is growing extensively on Internet. Although the term of "E-commerce" might sound bizarre‚ in reality it has been familiar activity: buy books online. Whereas some of people take these simple activities every day‚ most of them may not be familiar on how SMEs have applied E-commerce into their business strategies to guarantee their survival in new global marketplace [33]. There are comprehensive literatures in focussing on SMEs and E-commerce [39‚ 46‚ 47‚ 48
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