B2C Electronic commerce: B2C or Business to Customer Electronic commerce is an e-commerce model which denotes an online sale or financial transaction between a business and a customer.

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Answer 1

Question

Chapter 11, Problem 1OC

Program Plan Intro

B2C Electronic commerce:

B2C or Business to Customer Electronic commerce is an e-commerce model which denotes an online sale or financial transaction between a business and a customer.

Expert Solution & Answer

Explanation of Solution

Importance of B2C electronic commerce in China:

China being the most populous country in the world and also one of the countries that focuses a lot on technology gives a lot of importance of Business to Customer e-commerce. This is because:

China have different payment methods which offer the customers a number of free functions such as buying bus tickets, topping up mobile credit and paying for products in-store. Some of the examples are “Alipay” and “TenPay”, which offer payment gateway solutions that provide smooth and secure online transactions, directly linked to users' bank accounts.
ICP: The Internet Control Protocol works along with the Chinese “great firewall of China” to enforce China's protective internet laws.
With the huge population, online may be the only place, shoppers (outside of the biggest cities) can buy certain, non-Chinese brand products which will increase the revenues.
In China there is a centralization of e-commerce website as most of the retailers big and small operate as storefronts on Alibaba’s “Tmall.com” (business-to-consumer site).
One of the biggest factors is standardized, single account transaction process across virtually all retailers which generate huge revenue.

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Answer 2

Question

Chapter 11, Problem 1OC

Program Plan Intro

B2C Electronic commerce:

B2C or Business to Customer Electronic commerce is an e-commerce model which denotes an online sale or financial transaction between a business and a customer.

Expert Solution & Answer

Explanation of Solution

Importance of B2C electronic commerce in China:

China being the most populous country in the world and also one of the countries that focuses a lot on technology gives a lot of importance of Business to Customer e-commerce. This is because:

China have different payment methods which offer the customers a number of free functions such as buying bus tickets, topping up mobile credit and paying for products in-store. Some of the examples are “Alipay” and “TenPay”, which offer payment gateway solutions that provide smooth and secure online transactions, directly linked to users' bank accounts.
ICP: The Internet Control Protocol works along with the Chinese “great firewall of China” to enforce China's protective internet laws.
With the huge population, online may be the only place, shoppers (outside of the biggest cities) can buy certain, non-Chinese brand products which will increase the revenues.
In China there is a centralization of e-commerce website as most of the retailers big and small operate as storefronts on Alibaba’s “Tmall.com” (business-to-consumer site).
One of the biggest factors is standardized, single account transaction process across virtually all retailers which generate huge revenue.

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Answer 3

Question

Chapter 11, Problem 1OC

Program Plan Intro

B2C Electronic commerce:

B2C or Business to Customer Electronic commerce is an e-commerce model which denotes an online sale or financial transaction between a business and a customer.

Expert Solution & Answer

Explanation of Solution

Importance of B2C electronic commerce in China:

China being the most populous country in the world and also one of the countries that focuses a lot on technology gives a lot of importance of Business to Customer e-commerce. This is because:

China have different payment methods which offer the customers a number of free functions such as buying bus tickets, topping up mobile credit and paying for products in-store. Some of the examples are “Alipay” and “TenPay”, which offer payment gateway solutions that provide smooth and secure online transactions, directly linked to users' bank accounts.
ICP: The Internet Control Protocol works along with the Chinese “great firewall of China” to enforce China's protective internet laws.
With the huge population, online may be the only place, shoppers (outside of the biggest cities) can buy certain, non-Chinese brand products which will increase the revenues.
In China there is a centralization of e-commerce website as most of the retailers big and small operate as storefronts on Alibaba’s “Tmall.com” (business-to-consumer site).
One of the biggest factors is standardized, single account transaction process across virtually all retailers which generate huge revenue.

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Answer 4

Question

Chapter 11, Problem 1OC

Program Plan Intro

B2C Electronic commerce:

B2C or Business to Customer Electronic commerce is an e-commerce model which denotes an online sale or financial transaction between a business and a customer.

Expert Solution & Answer

Explanation of Solution

Importance of B2C electronic commerce in China:

China being the most populous country in the world and also one of the countries that focuses a lot on technology gives a lot of importance of Business to Customer e-commerce. This is because:

China have different payment methods which offer the customers a number of free functions such as buying bus tickets, topping up mobile credit and paying for products in-store. Some of the examples are “Alipay” and “TenPay”, which offer payment gateway solutions that provide smooth and secure online transactions, directly linked to users' bank accounts.
ICP: The Internet Control Protocol works along with the Chinese “great firewall of China” to enforce China's protective internet laws.
With the huge population, online may be the only place, shoppers (outside of the biggest cities) can buy certain, non-Chinese brand products which will increase the revenues.
In China there is a centralization of e-commerce website as most of the retailers big and small operate as storefronts on Alibaba’s “Tmall.com” (business-to-consumer site).
One of the biggest factors is standardized, single account transaction process across virtually all retailers which generate huge revenue.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 11, Problem 1OC

Program Plan Intro

B2C Electronic commerce:

B2C or Business to Customer Electronic commerce is an e-commerce model which denotes an online sale or financial transaction between a business and a customer.

Expert Solution & Answer

Explanation of Solution

Importance of B2C electronic commerce in China:

China being the most populous country in the world and also one of the countries that focuses a lot on technology gives a lot of importance of Business to Customer e-commerce. This is because:

China have different payment methods which offer the customers a number of free functions such as buying bus tickets, topping up mobile credit and paying for products in-store. Some of the examples are “Alipay” and “TenPay”, which offer payment gateway solutions that provide smooth and secure online transactions, directly linked to users' bank accounts.
ICP: The Internet Control Protocol works along with the Chinese “great firewall of China” to enforce China's protective internet laws.
With the huge population, online may be the only place, shoppers (outside of the biggest cities) can buy certain, non-Chinese brand products which will increase the revenues.
In China there is a centralization of e-commerce website as most of the retailers big and small operate as storefronts on Alibaba’s “Tmall.com” (business-to-consumer site).
One of the biggest factors is standardized, single account transaction process across virtually all retailers which generate huge revenue.

Answer 6

Chapter 11, Problem 1OC

Program Plan Intro

B2C Electronic commerce:

B2C or Business to Customer Electronic commerce is an e-commerce model which denotes an online sale or financial transaction between a business and a customer.

Expert Solution & Answer

Explanation of Solution

Importance of B2C electronic commerce in China:

China being the most populous country in the world and also one of the countries that focuses a lot on technology gives a lot of importance of Business to Customer e-commerce. This is because:

China have different payment methods which offer the customers a number of free functions such as buying bus tickets, topping up mobile credit and paying for products in-store. Some of the examples are “Alipay” and “TenPay”, which offer payment gateway solutions that provide smooth and secure online transactions, directly linked to users' bank accounts.
ICP: The Internet Control Protocol works along with the Chinese “great firewall of China” to enforce China's protective internet laws.
With the huge population, online may be the only place, shoppers (outside of the biggest cities) can buy certain, non-Chinese brand products which will increase the revenues.
In China there is a centralization of e-commerce website as most of the retailers big and small operate as storefronts on Alibaba’s “Tmall.com” (business-to-consumer site).
One of the biggest factors is standardized, single account transaction process across virtually all retailers which generate huge revenue.

Answer 7

Chapter 11, Problem 1OC

Program Plan Intro

B2C Electronic commerce:

B2C or Business to Customer Electronic commerce is an e-commerce model which denotes an online sale or financial transaction between a business and a customer.

Answer 8

Expert Solution & Answer

Explanation of Solution

Importance of B2C electronic commerce in China:

China being the most populous country in the world and also one of the countries that focuses a lot on technology gives a lot of importance of Business to Customer e-commerce. This is because:

China have different payment methods which offer the customers a number of free functions such as buying bus tickets, topping up mobile credit and paying for products in-store. Some of the examples are “Alipay” and “TenPay”, which offer payment gateway solutions that provide smooth and secure online transactions, directly linked to users' bank accounts.
ICP: The Internet Control Protocol works along with the Chinese “great firewall of China” to enforce China's protective internet laws.
With the huge population, online may be the only place, shoppers (outside of the biggest cities) can buy certain, non-Chinese brand products which will increase the revenues.
In China there is a centralization of e-commerce website as most of the retailers big and small operate as storefronts on Alibaba’s “Tmall.com” (business-to-consumer site).
One of the biggest factors is standardized, single account transaction process across virtually all retailers which generate huge revenue.