Explain the advantages, disadvantages, and risk levels of e-Commerce Vs regular commerce
- Assume that you want to start an e-Commerce business and have decided to have your own e-Commerce infrastructure (not using commercial services). Explain in detail all the hardware, software, tools, skills, personnel, etc. that is required to have your own e-Commerce infrastructure
- Research on the Internet and list the top 10 e-Commerce retail businesses in the World (many companies have on-site and online businesses such as Walmart, Best Buy, etc. while Amazon is eCommerce only business). Provide detailed information such as their total annual sales, revenues, and rate of increase/decrease for the past several years. (Provide references for your information).
- Research on the Internet and explain the procedures for accepting credit card (VISA, Master Card, Discover, American Express, etc.) payments for e-Commerce businesses including the required equipment, costs for transactions, etc.
- As you may already know, Amazon recently purchased Whole Foods Market and have started integrating them into Amazon Market Place. Provide a logical discussion on whether in your opinion this a good or bad move by Amazon was, the risks involved in this action, and how it could affect (positively or negatively) the rest of the grocery market in US.