Answer to Question #240074 in C++ for Comfort

Question

QUESTION 5 (20 marks)
(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)

Internet Business Models:

i) E-tailers - Are retailers that use internet to sell their commodities.

ii) Transaction broker- A third-party that provides real estate services to sellers and buyers.

iii)Market creator - Uses internet to create markets that bring the sellers and buyers together.

iv)Content Provider- A platform that offers digital contents.

The riskiest Internet Business Model is the Content Provider because it has many competitors such newspapers and televisions networks that operate online.

b)

Payments can be many ways online such as bank transfers, credit cards, prepaid cards, and E-Wallets. Therefore, the user can choose among the appropriate method to pay for the purchases on the internet.

c)

i) Mobile Banking- Performing banking operations online

ii)Mobile Booking and Ticketing- Receiving tickets and doing bookings on the mobile

iii)Auctions- Auctions are now available on the mobile

iv)E-bills-There are mobile coupons and vouchers that can be redeemed on the mobile