Answer to Question #237735 in C++ for De Bankez

Question

a) List and describe at least four different Internet business models. Which of these models do you think is 

the most risky for a dot-com business? Support your answer. (10 marks)

(b) List and describe two ways in which the individual consumer may pay for purchases on the Internet. (4 

marks)

(c) Describe four types of applications that are especially well-suited for m-commerce. (6 marks)

Answer 1

a).

1. Affiliate business model. This is simply when you sign up with a company or a network to sell their products or services and in return you get paid every time someone either buys something or executes the desired action.
2. Social media model. It focuses primarily on structural use of social media and indicates features an organization needs to succeed in social media environment.
3. Content providers . They tend to derive revenue from sources such as banner ads and other forms of advertising and syndication.
4. Merchant model is a business model that consists of selling goods and services over the internet. It is most popular amongst wholesalers and retailers and it's sales are made through auctions or based on list prices.
5. An advertising model is the strategic use of an advertising medium with the goal of reaching a specific target audience.

The riskiest business model here is the content provider because all of major affine entertainment and content producers are online and would therefore be the competitors who already have the means for content creation and distribution in place.

b).

(i). Digital cash is a type of payment where customers can transfer money from savings and checking accounts into an online cash account from which they withdraw to make purchases over the internet.

(ii). Credit cards is among the easiest payment method both for customers as well as for merchants. The customer can order merchandise from internet required only entering a credit card number and expiration date in appropriate fields on a merchant's website.

c).

1. M-commerce for hotel reservation. With the use of mobile devices, customers can reserve for restaurants and hotels according to their needs.
2. M-commerce in health care and medicine. Wireless services are used in healthcare and medicine for billing, referrals, clinical decisions, lab ordering and prescriptions.
3. M-commerce for information. use of mobile enables customers to obtain information like political news or even sports news.
4. M-commerce for gaming. Customers can use mobile to play multi player games.