WEEK 1
Introduction to eBusiness and Getting Started Online

1) Internet risks – give examples of four things that can go wrong with a transactional site?

1. Exposure to risk from fraud.
2. Transaction processing failures.
3. Exposure to errors or processing disruptions.
4. The exchange rate risk associated with the time delay.

2) Write down a definition for each:
a) E-commerce:
eCommerce (electronic commerce) is the buying and selling of goods and services on the Internet, especially the World Wide Web. In practice, this term and a newer term, eBusiness, are often used interchangeably. (www.mariosalexandrou.com/)

b) E-business:
eBusiness (electronic business) is, in its simplest form, the conduct of business on the Internet. It is a more generic term than eCommerce because it refers to not only buying and selling but also servicing customers and collaborating with business partners.

3) What is the difference between buy side and sell side eCommerce?
e business involves Design, Architecture, Implementation, Support and Maintenance.
when buying it is about security and awareness of your purchase when selling it is about implemetation and bring clear and concise as to what is being sold.

4) Describe the different types of eBusiness
Business to consumer
business to business
business to govenment

5) Which digital technology has the highest penetration rate? Explain and source your answer.
Deloitte & Touche surveyed what type of ads were most effective, an 85% majority found television ads to work best on their buying habits but Internet ads were second best. 65% of the surveyed consumers felt that Internet ads have the most impact. while 36% use their cell phones as entertainment devices. (Deloitte & Touche)

6) List::Four drivers to adoption of sell-side e-commerce by business.
Design, Architecture, Implementation, Support and Maintenance

7) Four barriers to adoption of sell-side e-commerce by business.
the influence of culture
the influence of organizational standards

8) How might a restaurant in Sturt Street Ballarat benefit from an online presence?
it would benefit greatly due to customers having 24hour contact on the details, opening hours and menu ect. of the company without leaving the house and it also gives them a larger customer base.

9) What are some examples of Digital information??
digital information possesses common properties that distinguish it from analog communications methods.

10) What is the semantic web? Are we there yet?
The Semantic Web is an evolving development of the World Wide Web in which the meaning (semantics) of information and services on the web is defined, making it possible for the web to "understand" and satisfy the requests of people and machines to use the web content. we are not there yet but it is a work in progress.