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E-Commerce and E-Business

(g) The method of financial exchange that takes place between buyers and sellers in an online
transaction with the aid of digital financial instruments is termed as _________.

(h) Software that easily recognizes credit card number formats is called a ______________.
1.10 Review Questions
1. “E-Commerce and e-Business are different concepts.” Discuss.

2. "E-Commerce applications were first developed with innovations like Electronic Funds Transfer
(EFT)." Discuss.
3. How does Just-In-Time (JIT) help in inventory management? Discuss how JIT has received
importance in e-commerce.
4. "E-Commerce and traditional commerce are differentiated based on their business processes and
activity." Discuss with examples.
5. "E-Commerce is irreversibly linked with the idea of convergence." Explain the concept of media
convergence with suitable examples.
6. Suppose you are running an online retail store. Analyze how to make consumer-oriented e-
commerce more effective. What are the different components of consumer-oriented e-commerce
that need to be considered?

7. "Multimedia content is believed to be the backbone of electronic commerce applications."
Comment.
8. Suppose you notice that the payment gateway on your business Web site is facing some security
issues. What are the different types of security methods you would develop to secure electronic
transactions?
9. Suppose you want to extend your business online. How will you convince the business partners to
go online? Explain with suitable examples.

10. How will you make the e-commerce Web site user-friendly? What are the important elements that
you will keep in mind while developing an e-commerce Web site?
11. "Economic factors, marketing and customer interaction factors, and technology factors are some of
the stimulating factors of e-commerce." Discuss.
Answers: Self Assessment
1. (a) F (b) F (c) T (d) T (e) F
(f) T (g) T (h) F
2. (a)World Wide Web (b) Navigator (c) ICT (d) Convergence (e) Hardware
(f) Continuous (g) EPS (h) Network sniffer

1.11 Further Readings

Chan. H., Lee. R., Dillon. T., and Chang. E. (2008). E-Commerce: Fundamentals And
Applications, Student ed. New Delhi: Willey India (P.) Ltd.
Bajaj. K. K., and Nag. D. (2009). E-Commerce: The Cutting Edge of Business, 2nd ed.
New Delhi: Tata McGraw-Hill.

http://www.apdip.net/publications/iespprimers/eprimer-ecom.pdf
http://www.sagepub.com/upm-data/9598_019964Ch1.pdf
http://www.ias.ac.in/resonance/Oct2000/pdf/Oct2000p13-23.pdf

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