Answer these two question Assignment Example | Topics and Well Written Essays - 250 words

Answer these two question - Assignment Example When contrasted with expenses such as business space rent, operating an online shop can be more affordable. This assists small business vendors having no sufficient capital to rent prime space or hire employees to set up as well as operate business (Akhter,2009). Reach: having an online store enables one to do business worldwide provided s/he can communicate via email, as opposed to traditional commerce where one only deals with people who come to the physical store. This also facilitates other ways of marketing that can only be done online, which increases sales and customers (Akhter,2009). Return rates: In a conventional shop, the client purchases goods in person, in the process getting the opportunity to check the items, touch and try them effectively reducing the complaints and returned items. On the other hand, online shopping is characterized by high returns, because many clients order and try goods at home, they will return them if they do not meet their expectations (Akhter,2009). Over the years, the phrase â€Å"electronic commerce† has been changing. Initially,† electronic commerce† referred to the electronic facilitation of commercial transactions by use of technology such as Electronic Data Interchange (EDI) that was introduced in 1970s.The EDI facilitated electronic sending of commercial documents such as invoices and purchase orders. The second major development involved the activities more accurately referred to as â€Å"Web commerce†-which is the buying of services and goods over the World Wide Web through secure servers such as HTTPS which is a unique server protocol capable of encrypting confidential ordering data to protect customers (Akhter,2009). Whereas the Internet, in 1994, started to progress in popularity amongst the general public, it took around 4 years to come up with security protocols such as DSL and HTTP which facilitated quick access in