E-Commerce

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E-Commerce Electronic commerce is the exchange of money for goods and services via electronic means. In other words, electronic commerce is usually when you purchase something off of the internet. Electronic commerce is often referred to as e-commerce, or e-business. The Internet has revolutionized the businesses of today. Instead of having physical stores, companies can sell their products right off of the Web. What are the affects and risks of e-business on marketing strategies today?

When comparing traditional business to e-business, one can see several differences between the two. The most obvious difference when buying standard goods (such as a computer or Clothes) is the store. When dealing with e-business there is no "real" store or merchandise to look at. It is all presented through the merchant's webpage, or by other electronic means. You will not be able to touch, or inspect potential purchases. All you will have to go on is perhaps a picture and a brief description of the item. This is obviously a big change from traditional store. There are several reasons why e-business is appealing to a lot of people. E-business is based on the internet. If you are using the internet, you are not bound by geography. You can access any site, anywhere in the world from the comfort of your own chair. Now the consumer has access to several things they didn't before. The consumer now has diversity. With the entire internet at ...

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There are several security issues and risks involved in e- business.

• Computing power connectivity and speed can spread viruses

• Facilitate systems compromise and compound errors in seconds potentially affecting interconnected parties

• Changing of e-business environment alters risks, so old solutions may no longer work

• Hackers never stop devising new techniques: thus, new tools mean new vulnerabilities

• Digitization creates unique problems for digital information and transactions.

More and more people are using their computers to buy what ever they want, whenever they want. Every day there is an increasing number of companies that join the electronic world of business. With the price of computers going down each day, more and more people have the opportunity to get in on their piece of cyberspace.

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