Essay On Cyber Crime

748 Words2 Pages
bulb-icon

Recommended: Global effects of e-commerce on society

Drawbacks The drawbacks are that there is a big risk of cyber crime. Cyber crime refers to crime that’s involves computing and the internet. Hackers could divert financial assets, this is when someone intercepts a money transaction and diverts the funds into another account. This is a risk when buying online. Another drawback is customers don’t fully know what they are getting. Its hard for a customer to judge size for example because one sites size may be different to the one that you are used to. In a physical store you can try the item on to ensure that it fully fits you but when buying online you cannot. Relying on delivery times can be an issue when buying online. When you order a product you may have to pay for delivery and may have to wait several days for it to arrive in the mail when compared to a physical shop you don’t have to pay for delivery and wait for arrival. Impact on employment Traditional high street stores may close as a result of becoming an e-commerce only business which means people then people unemployed. E-commerce business also tend to favour those with IT skills leaving those unemployed with a harder time finding work. The benefit however is that those who work in IT have higher chances of employment and those who work in warehouses, order and payment processing with also have better time finding work as e-commerce mainly need these to operate the e-commerce business. Social divide Those who are elderly, sick or poor may not have the skills to use e-commerce or the money putting at a divide with those who can. E-commerce could cause a soci... ... middle of paper ... ... E-commerce sites also provide 24/7 service. This means buying online is effortless as it is accessible at anytime. This is also easier for the customer as they may find it much more easier to browse/buy online than in a physical store. Economic & social impact due to speed of changes The economic impact due to the speed of changes is that e-commerce sites have had to adapt. In order to appeal to more customers they have had to invest heavily in buy new technology. This may be buying servers and computer software. Organisations have also had to employ more people with relative IT skills such as web designing to construct there website which may come at a premium. The economic benefits are that prices online can easily change with customers benefiting from the competition between competing e-commerce sites.

Show More
Related

  • The Business Model Of Ebay

    725 Words  | 2 Pages

    Electronic commerce (ecommerce) refers to a type of business, or commercial transaction, that engages the transfer of information through the Internet (Boltzan, P. 2008). In other words, it is the buying and selling of goods and services including the transferring of data and funds over an electronic network, predominantly the Internet. The leading benefits of ecommerce include twenty-four seven access, and availability, international scope, larger range of goods and services and the speed of accessibility. Ecommerce utilises a variety of functionalities such as email, Web Services, Fax, Shopping Carts and Online catalogues. After a somewhat slow start ecommerce has developed into the largest retail growth area in the world (Kearney, A.T.

    Read More

  • A Comparison of Shopping Online vs. Shopping in a Store

    750 Words  | 2 Pages

    Online shopping has been growing since the put the first online store on the web, now you can shop from anywhere around the world and have it shipped to you directly. Comparing the product against other online store competitors; making it easier to find the best price on the web. You can research the product and make sure this what you need before buying it. The internet is twenty-four hour shopping center, you can shop at what ever time you and wherever you have time for it, making it more convenient to use online shopping. Using it can create more time for the things you would like to do.

    Read More

  • The Impact of Technology on Business

    1185 Words  | 3 Pages

    E-commerce, a system by which people can buy, sell and deal without even seeing the person on the other side, has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking.... ... middle of paper ... ...

    Read More

  • E-Commerce: Buying and Selling Online

    1103 Words  | 3 Pages

    What is E-Commerce you ask? Well E-Commerce is the term that is used when referring to any business, or commercial transaction that involves transformation across the internet. In today’s world the internet is almost essential for anything you have to do especially shopping. There is not a successful company in America that does not use the ecommerce system in some type of way. For example have you ever shop online may be you have heard of Craigslist, EBay, Eastbay, or even Amazon all these or successful because of their ability to buy and sell online. There are many more business out their like this but this are just a couple of popular ones.

    Read More

  • What Are The Pros And Cons Of Online Shopping

    853 Words  | 2 Pages

    Shoppers were not always able to purchase items with just a few clicks of a mouse and have them shipped right to their front door. In the sixties and seventies, consumers would shop at local bakers, butchers, and corner markets, which later big chain supermarkets such as Wal-Mart eventually replaced. In addition, home shopping catalogs were also a popular way to shop, especially for families that lived in remote locations. It was not until the nineties when the World Wide Web revolutionized online shopping. Shopping over the web is great for everyone especially for people with busy schedules that do not have the time to go to the actual store or that work during the day and the stores have closed by the time he or she gets off work. Some e-stores

    Read More

  • What Are The Unique Features Of E-Commerce

    814 Words  | 2 Pages

    The world has changed the way it conducts business, offering businesses an extended way to increase capital. E-commerce has incorporated all the activities that a business performs when buying and selling products, and services over the Internet. With the increasing usage of the Internet, technology and e-commerce, these items continue to provide opportunities for businesses to stay in the global market. There are many technologies that provide support for e-commerce related activities, so it is important to understand the unique features of e-commerce technology, the three benefits of universal standards, and the major players in an industry value chain, and how they are impacted by e-commerce technology. The eight unique features were

    Read More

  • Compare And Contrast Online Shopping And Traditional Shopping

    765 Words  | 2 Pages

    This is helpful due to the fact that not everything can be located in one place, but can be accessed just as easily. Online shopping can also be done at the leisure of a shopper and at any convenience as long as the website is up and running. While shopping online many websites like Future Shop, Best Buy and Home Depot have sections on the website that allow for ratings and reviews of products. This helps online shoppers as it shows their experience with the product and future influence the shopper to buy or to focus on a different product. Online consumers also have the option of receiving new information on products through emails sent by various websites to past visitors or people who have registered with them. An example of this would be Apple and Microsoft. Both forms of shopping boil down to the basic principle of giving money in exchange for a good or service, but the way that they do it is vastly different. Although both forms of shopping ensure

    Read More

  • Societal marketing

    914 Words  | 2 Pages

    ...shop at home and any time without going anywhere and just sit in front of the laptop, computer or any other devices that may connect to the internet to do purchasing. Consumers usually want to save their time and money to search products and services by using internet. It is easy for them to survey the items that they want and making purchase by online easily. It can take several days physically o go form a location to different location and it cost customer’s time and fuel to find the items that hard to find. Apart from that, e-retailing also is an efficient way for retailing business to do business transaction. The cost to start the business is less than doing business with brick and mortar. Plus, fewer license and permits required doing this type of business. Fewer employees needed to run this e-retailing business and it can avoid from paying high utility costs.

    Read More

  • Online Shopping vs. Traditional Shopping

    733 Words  | 2 Pages

    As a result with online shopping, it could be more strenuous to find what you're looking for and be guaranteed that you will actually like it, due to limited variety in some items. It's also going to be more tough shopping online for certain items such as clothes, due to the fact that you are unable to try them on. Not every piece of clothing is going to fit the same. Of course you will be able to return the item, if upon arrival you are not satisfied or it doesn't fit you properly, but who wants to tackle that mess? Furthermore, who wants the disappointment that comes along with online shopping if you order something and it doesn't work out. You really liked it but unfortunately you have to send it back ...

    Read More

  • The Advantages Of The Cost Benefits Of Online Marketing

    713 Words  | 2 Pages

    Cost effectiveness –marketing online is cheaper and time saving as compared to physical retail outlet; this attracts clients to your website since they do not have to move from one retail shop to another in search of a certain product. This movement is reduced through

    Read More

  • E-Commerce Shift Towards Personalization, Dynamic Pricing, and M-Commerce

    1640 Words  | 4 Pages

    Over the last few years the rapid expansion of the internet has lead to many technological, business and social shift. Examples of such shifts are the increased demand for greater internet bandwidth, the movement from physical shops to online shops and the social acceptance and trust in using the internet for financial transactions. As the internet and E-Commerce become more integrated into our lives they continuingly drive changes in how we work and live as mentioned above. The future of E-Commerce promises to bring further changes in our lives as the internet continues to expand and it is these possible future shifts which I will discuss in further detail.

    Read More

  • The Impact Of E-Commerce On Small Businesses

    1767 Words  | 4 Pages

    E-commerce has grown significantly over the past years, it has helped small businesses to expand and create new businesses mush easier and faster than before, it also has changed the way they deal with customers and helped the growth of the economy, and more and more businesses are doing their business over the web, all of that shows how important EC is in many aspects and how it will continue emerging between businesses.

    Read More

  • Compare and Contrast Essay: Online Shopping vs. In-Store Shopping

    576 Words  | 2 Pages

    Online shopping is most convenient for individuals that don’t have time to go to the store. If you’re busy with an online job or online classes then online shopping can sometimes be more convenient. It’s also convenient since you don’t have to drive, catch the bus, wait in a long line, or deal with not being able to find an item. All you have to do is type in the item you’re looking for and it’s there. Once you find the item, you can order it at anytime because online stores never close.

    Read More

  • Advantages And Disadvantages Of Conducting Business Over The Internet

    811 Words  | 2 Pages

    This is especially useful for people busy with kinds, others that are home-bound, or when severe weather causes a problem. Especially if you want to get the item within a certain amount of time and want the absolute most convenient way to go about obtaining it. When you visit a retail store, you most likely have to settle for the price the store has placed on a particular item. But with online shopping you have the ability to compare prices from hundreds of different online retailers. Also, a lot of online stores want to keep you as a customer, and offer all kinds of great discounts if you sign up for their newsletter; this is a good way to keep you notified of upcoming events going on with their store. Another advantage online retail has over a retail store is limited choices, regular retail store variety of goods are limited. While, with an online store - the choices are much more abundant. Also, if you don 't see what you want in one store online, you can move on to the next

    Read More

  • E-Commerce

    1580 Words  | 4 Pages

    The history of e-business starts with e-commerce, which is interrelated. With changing technology, comes a new definition of existing words. For example e-commerce was originally defined as the facilitation of commercial transactions electronically through electronic data interchange, which would send electronic commercial documents like invoices or purchase orders electronically (Wikipedia). The new definition of e-commerce is the purchase of goods and services over the World Wide Web through secure servers with e-shopping carts and electronic pay services, such as credit card payment authorization services (Wikipedia). In the early 1990's, when the web was becoming more recognized by the public, many journalist and economists predicted e-commerce to become an economic sector. Once security protocols were in place, a significant number of businesses started developing basic web sites. The majority of the businesses were based in the United States, and Western Europe, but a large number of them disappeared during the dot-com collapse between 2000 and 2001 (Wikipedia).

    Read More

More about Essay On Cyber Crime

Open Document