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Page References for Important Terms & Concepts in Chapter 12

470
Advantages of E-Commerce
  • Reduced Costs
  • Increased Customer Satisfaction
  • More Effective Data Management
  • Potentially Higher Sales
  • Convenience for the customer
  • Easier Comparison Shopping
  • Wider Selection of Goods
Risks of E-Commerce
  • Loss of Sales if Technology Fails
  • Fraudulent Transactions
  • Customer Reluctance
  • Increased Competition
  • Security Issues
  • Privacy Issues
  • Purchasing Based on Photos and Descriptions
  • Returns
472
E-Commerce Business Models
  • Business-to-Consumer (B2C)
  • Business-to-Business (B2B)
  • Consumer-to-Consumer (C2C)
  • Business-to-Government (B2G)
Electronic Data Interchange
473
E-Commerce Statistics (B2B accounted for 93% of e-commerce in 2007)
474
E-Commerce Issues
  • Intellectual Property
  • Security
  • Fraud
  • Taxation
  • International Commerce
475
E-Commerce Security
Encryption
  • Symmetric-Key Encryption
  • Asymmetric-Key Encryption
Integrity
Secure Sockets Layer (SSL)
Digital Certificate
SSL and Digital Certificates
480
Order and Payment Processing
  • Cash Model
  • Check Model
  • Credit Model
  • Smart Card
482
E-Commerce Storefront Solutions
  • Instant Online Storefront
  • Off-the-Shelf Shopping Cart Software
  • Custom-Built Solution
  • Semi-Custom-Built Solutions on a Budget