CHAPTER 6: E-COMMERCE AND BLOGGING

 

E-COMMERCE AND BLOGGING

D. Define the following.

1. E-wallet:

It is also called digital wallet. It allows us to store our credit card and bank account numbers in a secure environment and eliminates the need to enter account information while making payment.

 2. Net Banking:

It is a system of banking in which a customer performs transactions electronically without visiting the bank personally.

 E. Differentiate between the following. B2B and B2C

In a Business-to-Business (B2B) e-commerce, the sale or exchange of products and services takes place between firms or companies.

In Business-to-Consumer (B2C) e-commerce the sale or exchange of products and services takes place between business concern and the general public.

 F. Answer in 1-2 sentences.

1. What do you mean by e-commerce?

Electronic commerce (e-commerce) also known as e-business, is a financial business transaction that occurs over an electronic network.

 2. What is e-retailing?

E-retail occurs when retailers use the web to sell their products and services.

3. What do you mean by Blogging?

Blogging is a modern and dynamic medium by which we can publish our ideas, opinions, and stories online.

G. Answer briefly.  1. What are the advantages of e-commerce?

For Buyers

  • They have the convenience of shopping at home.
  • They can compare the price of items easily.
  • They can read reviews of other users before buying the products.
  • It enables doorstep delivery of the desired goods and services.

For Sellers

  • The web offers low overhead expenses.
  •  Free or low-cost marketing activities.
  • Potential buyers can be millions of people.

2. What are the security concerns one must consider while using e-commerce?

On the website we should look for “https” instead of “http” in the site address, and also look for a security icon, such as “VeriSign Secured”. In the web browser we should look for a lock icon in the browser window. In some browsers, the address bar shows a green background for a secure site.

3. What is a blog? Write down its uses.

A blog is a website that consists of a frequently updated collection of information and entries. It has become an important means of worldwide communication. Its uses are:

  • Businesses create blogs to communicate with employees, customers, and vendors. They may post announcements or new information on a corporate blog.
  • Teachers create blogs to collaborate with other teachers, management and students.
  • Home users create blogs to share aspects of their personal lives with family and friends.

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