Technology

Question 1

what are the two types of commerce

Answer 1

e-commerce and m-commerce

Question 2

meaning of e-commerce

Answer 2

the buying and selling of goods or services using the electronic network, such as the internet

Question 3

meaning of M-commerce

Answer 3

buying and selling of goods and services over mobile, hand-held devices through wireless technology

Question 4

advantages of using E-commerce

Answer 4

enables a small business to start-up to test the market before spending on staffing, offices or factories.

Question 5

disadvantages of E-commerce

Answer 5

in many sectors there are dominant, discourage others from entering the market.

Question 6

social media

Answer 6

websites and applications that enable users to create and share content or form of communication the business uses

Question 7

digital communications

Answer 7

includes email or SMS (text ) and communication through websites and social media platforms

Question 8

payment systems

Answer 8

Paypal, electronic funds

Question 9

impacts on business

Answer 9

sales -increased
costs adverting on social media less expensive the traditional methods
marketing mix-price competition,product , more added value