MGT547 E-Commerce Assignment Answer Malaysia
MGT547 E-Commerce is an online class that provides students with an overview of the basics of e-commerce. The course covers topics such as website design, shopping carts, and payment processing. In addition, the course also covers more advanced topics such as search engine optimization and social media marketing. By the end of the course, students will have a solid understanding of how to build and operate an online store. This class is perfect for those who are interested in starting their own online business, or for those who simply want to learn more about the e-commerce industry.
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Here, we go through a few assignment activities. These are:
Assignment Activity 1: Determine key technical terms and knowledge of e-commerce as practiced by local companies or global multinationals.
E-commerce refers to the buying and selling of goods and services online. It is a rapidly growing industry, with global sales expected to reach $4.8 trillion by 2021. To succeed in e-commerce, businesses need to have a strong understanding of key technical terms and concepts.
Some of the most important technical terms for e-commerce are:
- Website design and development: This refers to the process of creating an online store that is user-friendly and easy to navigate. It is important to consider things like website layout, colors, fonts, and images when designing an e-commerce website.
- Search engine optimization (SEO): This refers to the process of optimizing a website so that it appears higher on search engine results pages (SERPs). This is important because it can help to drive more traffic to your website and increase sales.
- Payment processing: This refers to the process of accepting payments from customers. When setting up payment processing for an e-commerce business, it is important to consider things like which payment methods to accept, security, and fees.
- Shipping and fulfillment: This refers to the process of getting products from your warehouse to your customer’s doorstep. When setting up shipping for an e-commerce business, it is important to consider things like shipping methods, carriers, and packaging.
- Customer service: This refers to the process of providing assistance and support to customers before, during, and after their purchase. Good customer service can help to create repeat customers and build brand loyalty.
By understanding these key technical terms, businesses will be better equipped to build successful e-commerce operations.
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Assignment Activity 2: Demonstrate managerial skills in choosing various types of online business models in e-commerce as practiced by local companies or global multinationals.
In order to succeed in e-commerce, businesses need to choose the right online business model. There are four main types of online business models: B2B, B2C, C2C, and B2E.
- Business-to-business (B2B): This type of online business model involves transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer.
- Business-to-consumer (B2C): This type of online business model involves transactions between businesses and consumers, such as between an online store and a customer.
- Consumer-to-consumer (C2C): This type of online business model involves transactions between consumers, such as between two individuals who are selling items on an online marketplace.
- Business-to-enterprise (B2E): This type of online business model involves transactions between businesses and enterprises, such as between a software company and a large corporation.
Choosing the right online business model is essential for businesses that want to succeed in e-commerce. The type of online business model that a company chooses will depend on factors such as the products or services that it offers, its target market, and its resources.
Assignment Activity 3: Build an e-commerce website as practiced by local companies or global multinationals.
Building an e-commerce website can be a daunting task, but there are a few key things to keep in mind that will help make the process go more smoothly. First, decide what type of product or service you want to sell online. Then, research your competition and figure out what makes your offering unique. Once you have a clear understanding of your niche market, you can start designing and building your website.
Some important things to keep in mind as you build your site include making sure it is user-friendly, has a strong search engine optimization strategy, and is secure. You will also need to set up a payment system and choose a shipping method. Following these steps will help ensure that your e-commerce website is successful.
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