Emerging Modes of Business
Identify the first step a customer must take before they can begin online shopping with a vendor.
Evaluate the effectiveness of using 'cookies' as the sole method for verifying a customer's identity during online registration.
Design a simple three-step process for a consumer to engage in C2C commerce on a platform like eBay, ensuring security.
Demonstrate the process of an online transaction from the perspective of a first-time customer.
Compare the opportunity for pre-sampling products in traditional business versus e-business.
Define the term 'e-business'.
Name any two payment mechanisms used in online transactions.
Compare the nature of internal communication in a traditional business with that of an e-business.
Demonstrate how a business can use B2C commerce to gather customer feedback.
Define B2B commerce.
Recall what a 'shopping cart' is in the context of online shopping.
Propose one method an e-business can use to protect customer credit card details during an online transaction.
Apply the concept of B2B commerce to the operations of an automobile factory.
Contrast the risk of transaction in traditional business with e-business.
Justify why a business might choose a 'pull' supply chain management system, facilitated by e-commerce, over a traditional 'push' system.
Describe the three main categories of risks associated with e-transactions.
Describe the limitation of 'low personal touch' in e-business.
Define the term 'virus' in the context of e-business risks.
Examine why the requirement for technological competence can create a 'digital divide' that limits the scope of e-business.
Evaluate the impact of e-business on the organizational structure and internal communication channels of a company, comparing it with a traditional business model.
Evaluate the claim that e-business makes it easier for small firms to compete with large firms.
Summarize five key differences between traditional business and e-business.
Analyze how the benefits of 'convenience' and 'speed' in e-business can fundamentally change consumer shopping habits.
Summarize three key benefits of e-business for a business organization.
Propose a strategy for a traditional retail store selling handmade crafts to mitigate the 'low personal touch' limitation when transitioning to an e-business model.
Critique the argument that the 'digital divide' is the single most severe limitation restricting the scope of e-business in rural areas.
Justify the classification of Intra-B commerce as a component of e-business rather than just an internal management tool.
Explain the concept of C2C commerce with an example.
Critique the view that traditional business is inherently superior to e-business for products requiring physical pre-sampling.
Contrast the concepts of e-business and e-commerce using an example of a car manufacturing company.
Critique the idea that e-business has made physical business locations completely obsolete.
Examine the 'incongruence between order taking/giving and order fulfillment speed' as a limitation of e-business.
Explain how e-business provides the benefit of 'global reach'.
Apply the concept of 'default on delivery' risk to a B2C transaction and suggest a way to mitigate it.
Examine the role of cryptography in securing online transactions.
Design a basic framework for a C2C (Consumer-to-Consumer) platform for trading used academic textbooks, incorporating features to address transaction risks.
Explain the four major types of e-business transactions based on the parties involved.
Propose a comprehensive strategy for the government to overcome the 'digital divide' and promote e-commerce in rural India, based on the text.
Formulate a policy for a company to address the ethical fallouts of monitoring employee emails and web usage, balancing security needs with employee privacy.
Explain the difference between e-business and e-commerce.
Explain any five limitations of conducting business in the electronic mode.
Analyze the transaction risks a customer might face when purchasing from an unknown seller in a C2C e-commerce transaction and how a payment intermediary can solve this issue.
Analyze how Intra-B commerce can enable a firm to achieve flexible manufacturing.
Analyze how e-business provides a competitive advantage to small firms in the global marketplace.
Evaluate the statement: 'The benefits of e-business, such as global reach and lower operating costs, significantly outweigh its limitations, like low personal touch and security risks, for a small startup.'