Question

What are the four challenges facing ebusinesses outlined in the text? Multiple Choice identifying limited market segments, managing consumer trust, ensuring consumer protection, and improving information content decreased costs, increased convenience, identifying limited market segments, and adhering to taxation rules identifying limited market segments, managing consumer trust, ensuring consumer protection, and adhering to taxation rules differs depending on the industry where the business operates

Answer 1

The correct answer is Business-to-business, business-to-consumer, consumer-to-business, and consumer-to-consumer.

Step-by-step explanation:

There are many obstacles for small businesses and startups when entering the e-commerce segment. Therefore, before entering this world, it is important to know the challenges if you want to take advantage of the ease of use and the convenience to grow your business.

1. Security: Of course security is one of the main challenges in Ecommerce for companies. Customer payment fraud and data protection are perceived as great barriers in electronic commerce.
2. The competition: Undoubtedly one of the most notorious concerns relates to how to maintain or compete with the greats of e Commerce. Although there is no magic formula, companies must be willing to test ideas, learn and put into practice what they have learned to continue improving. It is true that no great gains will be obtained overnight, but if it is not started, nothing will ever be achieved.
3. Retention of buyers: In addition to the constant challenge of acquiring buyers, one must also face the task of retaining them for a long period of time. This problem is only solved with marketing efforts, a wide range of vendors and providing the best shopping experience.
4. Connect with relevant people: It is a great challenge for new companies in E commerce that can be solved by using on-site behavior-based search systems, custom matching algorithms, as well as personalized emails.