Assume you own an online business, you can choose whether your customers would have to pay before delivery, after delivery or part payment before delivery. All variants have their merits and demerits for you as a business owner. Assume that you can select only one of the three options. Which one would you opt for? Justify your answer.

Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section: Chapter Questions
Problem 10CC
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a) Assume you own an online business, you can choose whether your customers would have
to pay before delivery, after delivery or part payment before delivery. All variants have
their merits and demerits for you as a business owner. Assume that you can select only one
of the three options. Which one would you opt for? Justify your answer.
b) Discuss the types of business processes that are well suited for electronic commerce?

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