Introduction to E-Business and E-Commerce

Question 1

E-commerce depends on trust in two parties. Please identify them.

Answer 1

1. Trading partner

2. The trading site or service provider

Question 2

Define business-to-buisness (B2B) e-commerce.

Answer 2

The electronic processing of transactions between businesses. Includes electronic data interchange (EDI), supply chain management (SCM) and electronic funds transfer (EFT).

Question 3

Identify three risks of not implementing e-commerce systems.

Answer 3

1. Customers move online
2. Limited growth
3. Limited markets

Question 4

Define “e-commerce”.

Answer 4

Transactions between the organization and its trading partners.

Question 5

Define “e-business”.

Answer 5

Any business process that relies on electronic dissemination of information or on automated transaction processing.

Question 6

Identify five risks of e-commerce.

Answer 6

1. Risk of system unavailability
2. Security and confidentiality risks
3. Authentication risks
4. Nonrepudiation risks
5. System integrity risks

Question 7

What is business-to-customer (B2C) e-commerce?

Answer 7

This involves selling goods and services directly to consumers, almost always using the Internet and web-based technology. B2C e-commerce relies heavily on intermediaries or brokers to facilitate the sales transaction.