LESSON 8: TRENDS AND ISSUES IN COMPUTING Flashcards
(82 cards)
is a set of moral principles that govern the behavior of a group or individual.
Ethics
Refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.
E-commerce
is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the internet.
E-commerce
when was the first ever online sale?
August 11, 1994
TYPES OF E-COMMERCE
- Business to Consumer (B2C)
- Business to Business (B2B)
- Consumer to Consumer
- Consumer to Business (C2B)
When a business sells a good or services to an individual consumer.
. Business to Consumer (B2C)
When a business sells a good or service to another business
Business to Business (B2B)
When a customer sells a good or service to another
Consumer to Consumer (C2C)
When a consumer sells their own products or services to a business or organization.
Consumer to Business (C2B)
EXAMPLE OF E-COMMERCE
- RETAIL
- WHOLESALE
- DROPSHIPPING
- CROWDFUNDING
- SUBSCRIPTION
- PHYSICAL PRODUCTS
- DIGITAL PRODUCTS
- SERVICES
– The sale of product by a business directly to a costumer without any intermediary.
RETAIL
– The sale of product in bulk, often to a retailer then sells them directly to consumers
WHOLESALE
– The sale of a product, which is manufactured and shipped to the consumer by a third party.
DROPSHIPPING
- The collection of money from consumers in advance of a product being available in order to raise the start-up capital necessary to bring it to the market.
CROWDFUNDING
– The automatic recurring purchase of a product or service on a regular basis until the subscriber chooses to cancel.
SUBSCRIPTION
– Any tangible good that requires inventory to be replenished and orders to be physically shipped to consumer as sales are made.
PHYSICAL PRODUCTS
– Downloadable digital goods, templates and courses or media that must be purchased for consumption or licensed for use.
DIGITAL PRODUCTS
– A skill or set of skills provided in exchange for compensation.
SERVICES
SOCIAL ISSUES OF E-COMMERCE
- Security and Privacy
- Shipping Issues
- Complexity of Process
– It is the most important issues for e-commerce because without it, the customer will be scared, get cheated by the seller.
Security and Privacy
– When the buyer buys a product from the seller and the seller is from other state then they should use shipping to send the products to the buyer so that it can arrive to the place of the buyer stay.
Shipping Issues
– When the buyer want to purchase that such products then they need to follow their step to purchase a product from them such as register as a member of that website, fill up the agreement form, key in all your personal details, key in your credit card number and so forth.
Complexity of Process
E-commerce Advantages
- Advantages to Organization
- Advantages to Customer
- Advantages to Society
Advantage to Organization
- Organization can expand their market to national and international market with minimum capital investment.
- Helps organization to reduce the cost to create process, distribute, retrieve and manage the paper based information.
- Improves the brand image of the company.
- Helps to provide better customer service.
- Helps to simplify the business processes and, makes them faster and efficient.