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Questions and Answers
What is the primary function of an Internet Service Provider (ISP)?
What is the primary function of an Internet Service Provider (ISP)?
What are the two main types of transmission media used to connect computers on the Internet?
What are the two main types of transmission media used to connect computers on the Internet?
Which of the following is NOT a benefit of the Internet for businesses?
Which of the following is NOT a benefit of the Internet for businesses?
What is the key difference between e-commerce and e-business?
What is the key difference between e-commerce and e-business?
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Which of the following is NOT a type of e-commerce?
Which of the following is NOT a type of e-commerce?
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How can e-commerce improve customer service?
How can e-commerce improve customer service?
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What is a virtual organization?
What is a virtual organization?
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Which of the following is a challenge associated with virtual organizations?
Which of the following is a challenge associated with virtual organizations?
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What is a key advantage of using online helpdesks that are available 24/7?
What is a key advantage of using online helpdesks that are available 24/7?
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How can companies use complex software to offer personalised products?
How can companies use complex software to offer personalised products?
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What technology enables the mobile commerce (m-commerce) phenomenon?
What technology enables the mobile commerce (m-commerce) phenomenon?
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Which of the following industries are NOT significantly impacted by m-commerce?
Which of the following industries are NOT significantly impacted by m-commerce?
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What is a defining characteristic of a virtual company?
What is a defining characteristic of a virtual company?
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Which of these is NOT a type of e-commerce as discussed in the provided content?
Which of these is NOT a type of e-commerce as discussed in the provided content?
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Which of the following is NOT a potential advantage of a virtual work environment?
Which of the following is NOT a potential advantage of a virtual work environment?
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What is a potential challenge for companies adopting a virtual work environment?
What is a potential challenge for companies adopting a virtual work environment?
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What is NOT a key feature of virtual working environments?
What is NOT a key feature of virtual working environments?
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What is the primary role of e-commerce platforms like eBay in the 'Consumer to Consumer' (C-2-C) model?
What is the primary role of e-commerce platforms like eBay in the 'Consumer to Consumer' (C-2-C) model?
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What is the main reason for including 'Consumer-to-Business (C2B)' as a potential e-commerce model despite it not being explicitly recognized?
What is the main reason for including 'Consumer-to-Business (C2B)' as a potential e-commerce model despite it not being explicitly recognized?
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What is the key difference between 'disintermediation' and 'reintermediation' in the context of e-commerce?
What is the key difference between 'disintermediation' and 'reintermediation' in the context of e-commerce?
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Which of the following is NOT a direct benefit of e-commerce for customers?
Which of the following is NOT a direct benefit of e-commerce for customers?
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Which of the following is NOT an example of improved customer service through e-commerce?
Which of the following is NOT an example of improved customer service through e-commerce?
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How does 'customer self-service' contribute to improved customer satisfaction in the e-commerce environment?
How does 'customer self-service' contribute to improved customer satisfaction in the e-commerce environment?
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What is the main advantage of providing 'online helpdesks' as a customer service tool in e-commerce?
What is the main advantage of providing 'online helpdesks' as a customer service tool in e-commerce?
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Which of the following is NOT a way e-commerce enhances the customer experience?
Which of the following is NOT a way e-commerce enhances the customer experience?
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What is the primary focus of e-business?
What is the primary focus of e-business?
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What type of network allows a company to share information and resources between departments?
What type of network allows a company to share information and resources between departments?
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Which of the following is NOT a benefit of the Internet as stated in the text?
Which of the following is NOT a benefit of the Internet as stated in the text?
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According to the provided text, what is the relationship between e-business and e-commerce?
According to the provided text, what is the relationship between e-business and e-commerce?
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What tools are essential for facilitating e-commerce and e-business?
What tools are essential for facilitating e-commerce and e-business?
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Which of the following is NOT a use case for intranets within a company?
Which of the following is NOT a use case for intranets within a company?
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What is the primary purpose of extranets in e-business?
What is the primary purpose of extranets in e-business?
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What aspect of e-business is referred to as e-commerce?
What aspect of e-business is referred to as e-commerce?
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Which of these is NOT a benefit of the Internet for businesses, as discussed in the provided text?
Which of these is NOT a benefit of the Internet for businesses, as discussed in the provided text?
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How has the Internet changed the way businesses operate?
How has the Internet changed the way businesses operate?
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What does the text suggest about the impact of the Internet on transactions?
What does the text suggest about the impact of the Internet on transactions?
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Which of these examples of online transactions is NOT mentioned in the text?
Which of these examples of online transactions is NOT mentioned in the text?
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What is the main function of an intranet?
What is the main function of an intranet?
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How has the Internet affected the role of intermediaries in business transactions?
How has the Internet affected the role of intermediaries in business transactions?
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Which of the following benefits of the Internet is directly related to the ability of businesses to reach a wider customer base?
Which of the following benefits of the Internet is directly related to the ability of businesses to reach a wider customer base?
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What is the main implication of the text's statement that 'the time-zone difference is no more a problem' for businesses?
What is the main implication of the text's statement that 'the time-zone difference is no more a problem' for businesses?
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Study Notes
Unit 4: Internet, E-Commerce and E-Business
- This unit explores the Internet, emphasizing its role in business transactions (e-commerce)
- The Internet has become a crucial tool for businesses for performing transactions and trading
- E-commerce provides businesses with innovative ways of trading and better customer service
- Some privacy and security issues associated with online transactions are also discussed
4.1 Learning Outcomes
- Students should be able to clearly explain the benefits of the Internet.
- Students should be able to distinguish between E-Commerce and E-business.
- Students should be able to explain the different types of e-commerce.
- Students should be able to determine how e-commerce improves customer service.
- Students should be able to identify different e-business/e-commerce tools.
- Students should be able to explain what a virtual company is.
- Students should be able to discuss the advantages and disadvantages of a virtual organization.
- Students should be able to discuss privacy and security issues in internet transactions.
4.2 Introduction
- The Internet is a crucial part of modern life, linking numerous interconnected computers worldwide
- Computers and devices connect to the Internet through wired or wireless networks.
- Providers such as Telecom Plus, DCL, or Network Plus in Mauritius offer internet access
- Businesses now heavily utilize digital connectivity for various transactions
4.3 The Internet
- Initially, the Internet was primarily an information source; now it's a crucial platform for global business transactions
- Numerous online activities like banking, purchasing goods, and payments are now commonplace because of the Internet
- The Internet allows businesses global connectivity, lower communication costs, and removing intermediaries
4.3.1 Internet as a Tool for Trade
- Businesses utilize the Internet for advertising, connecting stakeholders, building intranets/extranets.
- Internet facilitates global reach, enabling 24/7 operations and access to wider customer bases.
- Time-zone differences are no barrier for international trade through the internet
4.3.2 Benefits of the Internet
- Global Connectivity: Connecting businesses irrespective of location
- Lower Communication Costs: Rapid and economical digital communication
- Reduced Agency Costs: Eliminating intermediaries in transactions
- Flexibility: Allowing transactions from different locations and times.
- Accelerated Knowledge: Quick access to large volumes of information
- Personalized Service: Tailoring products and services to individual customer needs
4.4 Electronic Business and Electronic Commerce
- E-business encompasses a company’s digital connections and processes emphasizing supporting business functions
- E-business can leverage the Internet, intranet, extranet, or a combination
- Intranets link company departments/branches for internal business transactions, group collaboration, etc
- Extranets link businesses with suppliers/customers/partners
- E-commerce is a subset of e-business focusing on online buying/selling
4.4.1 Types of Tools used for E-Commerce and E-Business
- Tools enable seamless communication, idea sharing , meetings, and transactions across locations (email, groupware, voice, mail, teleconferencing, videoconferencing, electronic conferences, EDI, EFT, group calendars)
4.4.2 Types of E-commerce
- Business-to-Business (B2B): Businesses trading with other businesses (e.g., selling equipment)
- Business-to-Consumer (B2C): Businesses selling directly to individual customers (e.g., Amazon)
- Consumer-to-Consumer (C2C): Individuals selling to other individuals (e.g., eBay)
4.5 Improved Customer Service Through E-Commerce
- Direct Sales: Businesses directly sell products to customers, reducing intermediaries.
- Customer Self-Service: Customers can access product details and information without needing assistance.
- Online Helpdesks: Companies offer support services for customers 24/7
4.6 The Virtual Work Environment
- Businesses and employees can operate from anywhere at any time
- Telecommuting advantages include reduced costs, flexibility, time saving.
- Potential drawbacks include reduced social interaction and monitoring difficulties
4.6.1 Advantages & Challenges of Virtual Work Environments (Company & Employee perspectives)
- Company Advantages: Reduced costs (rent, travel), increased employee productivity, global reach.
- Company Disadvantages: Monitoring employees, meeting organization, limited face-to-face interaction.
- Employee Advantages: Flexibility in work location and time, reduced travel time, potential for improved work-life balance.
- Employee Disadvantages: Isolation from colleagues, difficulty in establishing work relationships, reduced sense of belonging
4.7 Privacy and Security Issues over the Internet
- Online transactions present concerns about the misuse of personal data.
- Credit card fraud is a concern for online payments.
- Security measures are needed to protect sensitive customer data during online transactions.
4.8 Activities
- True/False Questions and Sample Test/Exam Questions, to help students assess their understanding
4.9 Discussion Questions
- Different types of e-commerce companies in Mauritius.
- Security issues and risks for customers/business in a given example of a Mauritian e-commerce company.
- Investigating the presence of virtual businesses in Mauritius
4.10 Summary
- This unit explored the benefits of the Internet, e-commerce, e-business, virtual work environments, and privacy concerns.
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Description
This quiz assesses your understanding of Unit 4, focusing on the Internet's impact on business transactions through e-commerce. You'll explore various aspects, including benefits, types of e-commerce, and how it enhances customer service. Additionally, privacy and security concerns associated with online transactions will be discussed.