• Name and describe various categories of e-commerce.
Three main categories of e-commerce are business-to-consumer (B2C), business to business (B2B), and consumer to consumer (C2C). Each of these categories are outlets for goods or services to be traded or sold on the Internet. This has been a rapidly growing resource over the past few years and is only continuing to get larger as time goes on. More recently, there have been entire virtual currencies such as bitcoins that have been taking markets by storm; someone has actually purchased a Corvette with bitcoins, and they continue to become more and more valuable as time goes on. B2C is where a business sells products and services to individual consumers. Most retail pages on the Internet fall into this category. A few examples are Amazon.com, banking, travel services, auctions done online, and real estate Web sites. B2B is commerce transactions between businesses; this could mean something like manufacturers and wholesalers. An few examples would be Cisco, intranet services, and Web meetings. Finally, C2C is consumer to consumer, this is where consumers can make electronically facilitated transactions between each other and a third party. These are becoming more and more popular as time goes on. A few examples would be Craigslist or eBay, where consumers place up items for sale and other consumers purchase them.
• Compare and contrast electronic payment systems. Which type do you use most often? Which type is most applicable for organizations you interact with regularlyThere are many types of electronic payment systems used every day. Some of these electronic payment systems are credit card payment systems, micropayment systems, a digital wallet, digital checking systems, accumulated balance digital payment systems (ABDPS), and systems for digital checking. One of the most popular is the digital wallet. The digital wallet is more secure, and the owner’s information is saved automatically when the information…