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Fundamentals of Information Systems

9th Edition
Ralph Stair + 1 other
Publisher: Cengage Learning
ISBN: 9781337097536

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BuyFindarrow_forward

Fundamentals of Information Systems

9th Edition
Ralph Stair + 1 other
Publisher: Cengage Learning
ISBN: 9781337097536
Chapter 5, Problem 2DQ
Textbook Problem
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Identify and briefly discuss five advantages of electronic commerce.

Program Plan Intro

Identify five advantages of electronic commerce.

Explanation of Solution

Ecommerce helps in gaining new customers, reducing cost, make better flow of information, increase ease of doing business and provides better customer service.

Business which is carried out electronically on the Internet is known as electronic commerce or e-commerce in short.

There are numerous advantages of ecommerce of which five are listed as follows:

  • New Customers: E-commerce helps in bringing new customers to the business. It can setup the base where it is difficult to create physical stores, which brings in new customers to the business. It may attract new customers from advertisement along with search engine results.
  • Cost: Customer find products on ecommerce website which are less costly than available in retail or physical market. This is due to reduced cost of middlemen, shopkeeper, and transportation which company pay for getting their product in physical market...

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Chapter 5 Solutions

Fundamentals of Information Systems
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Ch. 5 - Identify tips for avoiding many of the common...Ch. 5 - Explain how such an electronic exchange might...Ch. 5 - What are some of the pros and cons of...Ch. 5 - Identify several strategic and competitive issues...Ch. 5 - Would you recommend that Marriott continue to...Ch. 5 - What parameters might be used to measure the...Ch. 5 - What are the pros and cons of having a third-party...Ch. 5 - Management is concerned that the migration to...Ch. 5 - What other potential risks and opportunities lie...Ch. 5 - What kind of transaction processing systems does...Ch. 5 - Identify six specific tasks that the TPS must...Ch. 5 - Should Cal consider developing his own programs...Ch. 5 - Business is going so well that Cal is thinking of...Ch. 5 - What specific tasks must this CRM software...Ch. 5 - What are the potential benefits that iProspect...Ch. 5 - The CFO has asked you to lead a team to assess the...Ch. 5 - What are the pros and cons of choosing a hosted...Ch. 5 - ________ involves conducting business activities...Ch. 5 - The elimination of intermediate organizations...Ch. 5 - B2B is smaller and growing more slowly than B2C....Ch. 5 - The market for m-commerce is North America is...Ch. 5 - Which of the following is NOT considered to be a...Ch. 5 - The ______ security standard spells out measures...Ch. 5 - The amount of storage capacity and computing power...Ch. 5 - Key Web site performance measures include response...Ch. 5 - __________involves providing feedback regarding a...Ch. 5 - Which of the following is not an objective of an...Ch. 5 - Business data goes through a cycle that includes...Ch. 5 - Unfortunately, there are few choices for software...Ch. 5 - Capturing and gathering all the data necessary to...Ch. 5 - Small organizations were slow to adopt ERP systems...Ch. 5 - The individual application modules included in an...Ch. 5 - ________ software helps a customer manage all...Ch. 5 - The hosted software model for enterprise software...Ch. 5 - ________ is software used to analyze the...Ch. 5 - Briefly define the term electronic commerce, and...Ch. 5 - Why is the market for m-commerce in North America...Ch. 5 - Identify six global issues associated with...Ch. 5 - What is market segmentation? What is its purpose?Ch. 5 - What is meant by retargeting? What percent of all...Ch. 5 - Identify three key Web site performance measures.Ch. 5 - What is a digital certificate? What is a...Ch. 5 - Identify the key elements of the technology...Ch. 5 - Identify and briefly describe six basic...Ch. 5 - Provide a data processing example for which the...Ch. 5 - What is an enterprise system? Identify and briefly...Ch. 5 - What are best practices?Ch. 5 - Define supply chain management (SCM).Ch. 5 - What is a Tier I ERP software vendor?Ch. 5 - Identify and briefly describe at least four key...Ch. 5 - Identify the basic business processes included...Ch. 5 - What is source data automation? What benefits can...Ch. 5 - Identify and briefly discuss three reasons for the...Ch. 5 - Identify and briefly discuss five advantages of...Ch. 5 - What is personalization of Web pages? How might...Ch. 5 - Briefly describe the differences between a credit,...Ch. 5 - Identify and briefly describe three m-commerce...Ch. 5 - Identify and discuss key benefits that are common...Ch. 5 - Identify and briefly discuss five challenges to...Ch. 5 - Assume that you are the owner of a small bicycle...Ch. 5 - Why were SMEs slow to adopt ERP software? What...Ch. 5 - Briefly describe the hosted software model for...Ch. 5 - Explain how CAD, CAE, and CAM software can work...Ch. 5 - In what ways is the implementation of a CRM system...Ch. 5 - You are a member of the engineering organization...Ch. 5 - What benefits should the suppliers and customers...Ch. 5 - Many organizations are moving to a collaborative...Ch. 5 - Do research to learn more about the American...Ch. 5 - Your washing machine just gave out and must be...Ch. 5 - Imagine that you are a new employee in the...Ch. 5 - Do research to capture data on the growth of B2C...Ch. 5 - Do research on the Web to find a dozen Web sites...Ch. 5 - Using the Web, identify several software services...Ch. 5 - Do research to identify three top organizations...Ch. 5 - Enterprise system software vendors need business...Ch. 5 - Initially thought to be cost-effective for only...Ch. 5 - What are some of the privacy concerns that...Ch. 5 - Are people likely to use Facebook’s current...Ch. 5 - Do research online to find out more about some of...Ch. 5 - Because NDCP is a membership cooperative, Dunkin’...Ch. 5 - How important do you think the communication and...Ch. 5 - What are some of the risks for a company that...

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