How does ICT create opportunities for product commercialization in e-commerce?
What are the privacy concerns associated with e-commerce, and how can ICT address them?
How do online marketplaces enhance business opportunities?
What are the key challenges of implementing e-business systems?
How do portals and virtual communities contribute to e-business success?
Answers and Descriptions:
Answer: ICT enables product commercialization in e-commerce through online advertising, social media marketing, and e-marketplace listings.
Description: Platforms like Instagram and Amazon use ICT to showcase products, target specific audiences, and facilitate sales, expanding market reach and revenue potential.Answer: Privacy concerns in e-commerce include data breaches and unauthorized data use; ICT addresses them through encryption, secure protocols, and privacy policies.
Description: Technologies like SSL/TLS and GDPR-compliant systems protect customer data, ensuring trust and compliance in e-commerce transactions.Answer: Online marketplaces provide businesses with access to large customer bases, streamlined transactions, and global reach.
Description: ICT-driven platforms like Amazon Marketplace allow small businesses to sell globally, benefiting from established infrastructure and customer trust.Answer: Key challenges of e-business include cybersecurity risks, high setup costs, and technical complexity.
Description: ICT systems require robust security measures and skilled personnel to manage, while initial investments in infrastructure can be costly for small businesses.Answer: Portals and virtual communities enhance e-business by providing centralized access to services and fostering customer engagement.
Description: ICT enables portals like Yahoo and communities like Reddit to connect users with businesses, driving traffic and loyalty through interactive platforms.