Difference between storefront model and the auction model, Business Management

Assignment Help:

Question 1:

(a) Explain the difference between the storefront model and the auction model in e-commerce.

(b) A company would like to extend its business over the Internet. List the required steps for that to happen.

Question 2:

Write a small business plan for a commercial centre which would like to implement an e-commerce portal for its retail shop and its food court. The site will implement an Internet payment system through a bank and will charge 3% on all transactions. The commercial centre, however, imposes that there is an electronic transfer of stocks between its system and the retail shops.

Question 3:

(a) Explain how the Internet has changed the way businesses can be conducted.

(b) Explain the meaning of Secure Socket Layer and its importance in securing e-commerce sites.

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