TOPIC ONE QUESTIONS

Topic one questions:
1. Internet risks – give examples of four things that can go wrong with a transactional site?
There are many internet risks when it comes to making a transaction over the internet. Such examples are when making a transaction over the internet the website has to have some encryptions to ensure that private information and details are protected. (Living internet, 2009)
Security is a major risk when making a transaction on a transaction website. The website has to be secure to make sure that all your information is safe and won’t be spread over the internet or misuse of information. (Living internet, 2009)
Another risk is that the website has to be authentic. If the website does not look authentic then the chances are that it is not. When making transactions over the internet people have to make sure they can trust the website which they are making a transaction with. Such as if the website has no information about the company as such then the website may not be authentic. If there is not information about the company anywhere else on the internet there is a chance it is not authentic. (Living internet, 2009)
Fraud is another risk. Fraud is a major issue due to since the transaction is made over the internet if the website is not proper then money can be taken. If the website is fraudulent, money is at risk and card details could be misused by the fraudulent person charging things to the account. (Living internet, 2009).

Living internet.(2009)Financial Transaction on the web. Retrieved on March 8, 2009 from the Iiving internet website: http://www.livinginternet.com/w/wa_buy.htm

2. Write down a definition for each:
a) E-commerce: E-commerce is when there are transactions over the internet which transfers information. E-commerce can exchange goods or services over the internet without having to worry about time and distance. E-commerce allows businesses to make transactions over the internet. (Network solutions, 2007).

Network solutions.(2007). E-commerce. Retrieved on March 7, 2009 from the Network Solutions website. http://ecommerce.networksolutions.com/ecommerce_what_is_ecommerce.asp

b) E-business: E-business is using technology such as the “internet to improve business processes” (Northern Territory Government, 2006). E-business is when a company uses the internet to “communicate with suppliers, customers, employees and partners” (Dictionary, 2009) without having to physically having to have physical contact.

Dictionary.(2009). Retrieved on March 7, 2009 from the Encarta website:http://uk.encarta.msn.com/dictionary_1861819452/e-business.html

Northern Territory Government.(2006). Business. Retrieved on March 7, 2009 from the Northern Territory government website: http://www.nt.gov.au/business/services.cfm?contentid=39&cat5id=3

3. What is the difference between buy side and sell side eCommerce?
The difference between buy side e-commerce and sell side e-commerce is the buy side of e-commerce is when a business buys from another business such as a manufacturer (Oracle, n.a). Where as sell side e-commerce is when a business sells a product or service over the internet through a website(Oracle, n.a). Generally buy side e-commerce buys products from the internet where as sell side e-business sells on the internet.

Oracle.(n.a). Whats the difference between e-business and e-commerce. Retrieved on March 9, 2009 from the Inquirer website: http://www.inquirer.net/infotech/oct99wk3/info_7.htm

4. Describe the different types of eBusiness.
There are many different types of ebusinesses such as:
· B2B: Business to business: Is when a business sells a product to another business such as a manufacturer selling to a distributor and a wholesaler to a retailer (Digitsmith, 2006).
· B2C: Business to consumer: Business to consumer is when a business sells to an actual consumer. Such businesses are amazon which sells products to consumers via the internet.
· C2B: Consumer to business: This is when a consumer wants a certain product or service which they display what they want and their budget. This allows businesses to present their bid and allows the consumer to choose which business they want to use.
· C2C: Consumer to consumer: This is when a consumer can buy or sell products over the internet to other consumers. E-bay is an example such as consumers try and buy or sell their items over the internet and people can bid for the items.
· G2G: Government to government: The government sells to another government. The government exchanges information with another government (Digitsmith, 2006).
· C2G: Consumer to government. This is when consumers tell the government their thoughts and opinions through pressure groups (Knox, 2009).
· G2B: Government to business: This is when the government charges the business tax. The internet can be used to lodge tax returns.
· B2G: Business to Government: This is when a business tells the government their thoughts and opinions which might be through a lobby group.
· G2C: Government to consumer: This is when the government charges the consumer tax and the consumer can lodge their tax return over the internet(Knox, 2009.pg 13).

Digitsmith.(2006). Ecommerce definition and types of e-commerce. Retrieved on March 7, 2008 from the Digitsmith website: http://www.digitsmith.com/ecommerce-definition.html

Knox, I.(2009). Introduction to e-business. Powerpoint presentation pg 13

5. Which digital technology has the highest penetration rate? Explain and source your answer.
The digital technology which has the highest penetration rate is mobile phones. Mobile phones have the highest penetration rate since most people have a mobile or even more then one mobile phone. According to Moco news.net the penetration rate globally is 61.1%. This shows that mobiles are increasingly popular and increasing globally (Pearce, 2009).

Pearce .J.(2009). Report: 4.1 Billion Mobile Subscribers Worldwide Helps Reduce Digital Divide (Slightly). Retrieved March 8, 2009 from the Moco news website: http://www.moconews.net/entry/419-4.1-billion-mobile-subscribers-mobile-helping-reduce-digital-divide-sli/

6. List::Four drivers to adoption of sell-side e-commerce by business.
The four drivers to adopt the sell side of e-commerce are that:
· By using the selling side of e-commerce there are a few benefits such as the marketing cost are reduced due to the sales and advertising is done online. (Knox, 2009. Pg 17)
· There is an increase in revenue such as selling to new customers, repeat selling to customers and cross selling to customers. (Knox, 2009. Pg 17)

· There is a reduction of administrative costs invoice payments. This is a benefit because with less administrative costs this allows the business to make more money and less time consuming. (Knox, 2009. Pg 17)

· Supply chain reduction is a driver since there is a shorter time to order and receive stock to sell to the customer. This is a driver due to the business does not have to have the stock in hand but can order the stock when an order comes through. (Knox, 2009. Pg 17)

Knox,I. (2009). Introduction to e-business. Powerpoint presentation. Retrieved from page 17.

7. Four barriers to adoption of sell-side e-commerce by business.
There are certain barriers which cause businesses to opt not to adopt the sell-side of e-commerce. Such barriers are:
· The start up cost of an e-business company can be a barrier due to the start up price. (Knox, 2009. Pg 20)
· Time and resources can become an issue due to the business may not have the time to dedicate to the online business. A business may not have the resources to pay for or continue to run an online business. (Knox, 2009. Pg 20)
· Lack of knowledge. If the business does not have the basic understanding on the internet then the businesses would most likely not be profitable to be online. If the business does not know how to work the internet or have programs so people can purchase online the business would not succeed. (Knox, 2009. Pg 20)
· Reluctance of suppliers would become a barrier due to if the company does not sell the items to the business through online then that would become an issue. If the business cannot get a supplier which supplies online or even a supplier at all then the
business would be in trouble. (Knox, 2009. Pg 20)

Knox,I. (2009). Introduction to e-business. Powerpoint presentation. Retrieved from page 20.

8. How might a restaurant in Sturt Street Ballarat benefit from an online presence?
A restaurant in Sturt Street would benefit by having an online presence because people use the internet to search for almost everything. If the restaurant had a website people who look up the website on the internet to check for certain things such as the phone number or even a menu. The restaurant would benefit more by having a website since when looking up restaurants in the area the restaurant would appear allowing more recognition. A website gives general information and allows the observer to look at the website and see what kind of experience the restaurant offers. (Knox, 2009. Pg 21)

Knox,I. (2009). Introduction to e-business. Powerpoint presentation. Retrieved from page 21.

9. What are some examples of Digital information??
The different examples of digital information are:
· Cd’s
· DVD’s
· Digital camera
· Mobile phones
· The internet
· Digital television
Digital information is information which can be changed and altered “without losing quality” (Digital, 2009).

Digital.(2009) Retrieved on March 8, 2009 from the tech terms website:http://www.techterms.com/definition/digital

10. What is the semantic web? Are we there yet?
The semantic web is ideally more direct and more useful for users. The reason for this is that the semantic web ideally finds information and data which is relevant to what the user wants. When comparing the semantic web to the world wide web, the world wide web finds general information based on a request but not necessarily what the users wants. The semantic web is meant to be more accurate of a request.(Altova, 2009). By reading some of the information about the semantic web there does not seem to be a big demand or alot of recognition about the products. Needless to say there are semantic web products available people have not necessarily caught onto the concept. The use of search engines presumably dominates over the semantic web.

Altova.(2009). What is the semantic web? Retrieved on March 7, 2009 from the Altova website:http://www.altova.com/semantic_web.html