Flashcards
E-commerce
Cards in this deck (5)
- 1E-commerceE-commerce is the conducting of business using the Internet. Companies that conduct trade by using e-commerce are e-businesses.
- 2advantages of e-commerce to consumers• Consumer now have access to arrange of firms from which to purchase
• Goods are cheaper
• Shopping can be done in the comfort of your own home
• It is faster - 3advantage of e-commerce to business• The world is the market for the business
• Businesses can grow overnight (no need for brick and mortar building)
• As the entire process is electronic, the owner of the e-business does not have to be present at the business all the time. - 4challenges of e-commerce• As the e-commerce grows, some traditional shops lose business
• People might choose to interact with computers rather than people
• Credit card fraud
• The buyer cannot obtain the product immediately - 5Strategies to develop E-commerce in the CaribbeanDevelop infrastructure
training entrepreneurs
establish safe payment systems
government policies and certification
Information
- Description
- 2016 CSEC Economics (Section 8 - Caribbean Economies) Flashcards on E-commerce, created by Nikolas Reece on 27/05/2016.
- Created by
- Nikolas Reece
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