chapter 7

Question 1

Major E- commerce Mechanisms

Answer 1

-Electronic catalogues
- electronic auctions
- e-malls
-electronic marketplaces

Question 2

Electronic Payment Mechanisms

Answer 2

-electronic cheques
-electronic cards
(debit,credit cards)

Question 3

Benifts of ecommerce

Answer 3

• international markets are more accessible
• lower costs of processing, distributing, retrieving information
• provide 24/7 access to products and services

Question 4

ecommerce limitations

Answer 4

-lack of universally accepted security standards
- perception the ecommerce is insecure

Question 5

Ethical Issues in ecommerce

Answer 5

-threat to privacy
-potential job loss
- fraud on internet
-domain names
-copyright