The World Wide Web(WWW)has been providing extensive opportunities for
merchants to conduct their businesses online. Electronic commerce is a new
form of online exchange in which most transactions occur among parties that
have never met. As in traditional exchanges, concerns about trust have been
identified as a barrier to customer for engaging in e-commerce and a barrier
for the success of electronic commerce.
In the traditional market, a typical customer would be limited to choosing
from a few local retailers. In the age of the internet, one can choose from
a verity of online retailers located anywhere in the world, leading to
breakdown of borders. A physical separation between the buyer and the
seller, leads to an increase in the role of trust in online retailing. Although, the
total amount of business conducted on the Internet is growing, there is a
significant dropout rate of online shoppers, Most customers hesitate to
purchase online or even leave the electronic market because of a lack of trust
and concerns about privacy. Consumers are simply unwillingly to trust e-
business with their personal information. Yet most web retailers do not focus
on building and maintaining trust in their web sites as part of ongoing
relationships with their customers. Some e retailers do not respect the privacy
of customer's personal information , and they secretly collect customer
information and sell it to third party marketing firm.
Given that my research thesis is that trust is an important factor to facilitate
online transactions, it is necessary for me to investigate the role of trust in
electronic commerce and its impact on online purchase decision-making.
A...
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...far from being conclusive. Further studies must be
undertaken, better measures must be developed, and larger samples should
be used to improve our understanding of the exact relationship between
perceived risks and decision making. Despite some deficiencies in
methodology, the article has provided some insights to account for e retailers
to reduce risks in their websites by focusing on the sources of risks and the
consequences of online-risk .However, the recommendations to reduce
perceived risks measures in the reviewed article is based on opinion of the
author or applying theories from other researchers and not on the research
findings.
Works Cited
Gutter, M., Saleem, T. and Gross, K. (2003) “Are There Gender Differences in Risk Tolerance or is it a Question of Measurement?,” Consumer Interests Annual, Vol. 49, No. 1, pp. 1-12
...relationships can grow. This is especially important to companies that conduct part or all their business on the internet no matter which of those two types of clients they serve. It is especially important that building this environment of trust online include a thorough knowledge of the laws, regulations and ethical factors that affect a particular company's ability to serve the needs of its customers.
To develop a trust among the customers for buying online with a large amount of selection.
...rtising medium but now things has changed around, people used the website to perform their businesses and most of the consumers rely on Internet transactions, therefore, computer expertise used technology which is called phishing to trick computer users and reveal personal information as well as financial information, in this case attackers they use this technology to steal from different customers.
Provider of online investing services. It has established a popular, branded destination Web site for self-directed investors. It offers automated order placement and execution, along with a suite of products that can be personalized. (Dow Jones Interactive)
When an organization determines that e-commerce is an option that is going to be offered to consumers, the organization needs to realize that as a whole the organization is going to be exposed to new risks, such as, fraud and viruses. Regulatory mechanisms for e-business are not yet in place in many countries. This causes B2B and B2C sites to be based around trust, trust in the organization that has been chosen, either for business or consumer purposes (Chaker, 2005).
the Internet, ads, and local stores. A high-end will cost about $1200. You will save
29 March 16-Singapore is one of the best places to incorporate an eCommerce business-Blog SG Incorporation- Madhu
The Prevalence of E-Commerce Introduction The most common and traditional way to purchase goods for us is go to the high street stores where we pick up the goods what we like, pay for the prices at the check-out desk. However, the way has changed; 21 century is the world with E-commerce. People can no longer go to stores instead of buying all products at home over the internet. We can’t ignore the benefits of e-commerce. For consumers, e-commerce is great as everyone likes the ease and convenience of shopping online.
The objective of B2C ecommerce is solely keeping tabs on item deals. On the other hand, B2B emerged with a lot of advantages.
Customers in the new e-commerce generation should expect an experience that is personal, from customer service to products being offered, it’s all about the customer. With consumers turning into retail grazers, an electronic commercial transaction is forced to offer added value beyond just being a distribution point. Customers can and should expect an experience because ecommerce has come a long way in the last 15 years.
should be a check box that the consumer ticks to say "I have read the
E-commerce application is a platform where there is buying and selling of products and services which are done by businesses and consumers via an electronic medium
In this write up the focus is mainly on e-business. It consists of critical discussion and analysis of the impact of adopting e-business orientation. It also contains relevant information on the current state of e-business market.
The Information revolution is changing our daily lives. With the rapid development of computer and internet, online commerce become quite common and plays an important role in the modern world. The online business has booming development in these few years. US online retail sales raised an average of 11% in the first three months of 2009 (“US Online Sales Up,” 2009). The growth of online sales may due to the growing number of consumers who shop online. In the case of Asia, survey reported 77.6% of Internet users have online shopping experiences in 2003 (as cited in To, Liao & Lin, 2007). Online shopping is very different from traditional shopping. Consumers cannot touch and check the product before purchasing it, which means they are at higher risk of fraud than traditional shopping. Consumers also have other concerns such as credit cards security of online shopping. Then questions should be raised: what is the advantage of online shopping? Why people shop online? In following paragraphs, the advantage of online shopping for the consumer and consumer’s motivation to shop online will be reviewed and discussed.
Online shopping is the latest and greatest craze in the history of the internet, it’s fantastic! You can sit in the comfort of your own home, being as daggy-looking as you like and shop for all your pantry needs or buy that dress you’d like to wear out this weekend, its takes shopping to a whole new level. My favourite online shopping (because I’m female) is online fashion, I love the convenience of being tired and not having to go anywhere to get an outfit.