4.8 (E-commerce)

Question 1

E commerce

Answer 1

E ecommerce is the trading of goods and service via the internet, electronic system and compute rnetworks

Question 2

B2B and B2C

Answer 2

B2B is the process of selling products or services to another business

B2C is the process of selling products and srewvices to private individuals

C2C enables customers to trade with each other (example you buy a product from another consumer0

Question 3

EXMPLES OF E-MARKETS, benifts and drawbacks

Answer 3

Financial services
Gaming
RetailingBenfits, interest give business anohet channel of disubtion
another source of revenue for many organization
customer have more choice and convince
Retail outlets have higher overheads, which allows organizations working with e-commerce to lower prices
O

drawback
time for delivery
E e-commerce is reliant on technonly that is not available to all bsiiness in all countries
Set up costs can be very high, many business hire specialist to create their websietes