Chapter 4

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  • Chapter 4
    • online shopping
      • Disadvantages
        • cannot pay with cash
        • Cannot try the iteam
        • you may have to pay delivery
        • you have to give person information though the website
        • you may not receive your product.
      • impact on shops/ businesses
        • people don't have to pay for the rent of the shop
        • There is a greater range of products
        • People can shop from all around the world
    • Online auctions
      • advantages
        • Can search things easily
        • Can build a trust with buyer and seller
        • Third party payment
        • Large number of people competing for business, which drives down prices
      • How online auctions work
        • 5) the seller and bidder exchange emails to arrange payment and delivery
      • Features of online auction
        • Bidders can search for what they want
        • Bidders can change the status of their bid
        • Changes can be made before the scheduled end time
        • Users of the auction service can rate each other
        • sellers can chose to make an item available for purchase immediately rather than have bidders bid for it
  • Choices for people in remote areas
    • impact on lifestyle
      • online shopping
        • Disadvantages
          • cannot pay with cash
          • Cannot try the iteam
          • you may have to pay delivery
          • you have to give person information though the website
          • you may not receive your product.
        • impact on shops/ businesses
          • people don't have to pay for the rent of the shop
          • There is a greater range of products
          • People can shop from all around the world
      • easy for people with disability
      • Its available all the time
  • you need computer skills
    • The bidder is obliged to buy the item they have 'won'
      • 3) the bidder with highest bid at a scheduled time 'wins' the iteam
        • Seller provides a description/photo of the iteam
          • 1) seller and bidder creates a online account
      • 5) the seller and bidder exchange emails to arrange payment and delivery
    • Secure payment is arranged by the acution site
      • Features of online auction
        • Bidders can search for what they want
        • Bidders can change the status of their bid
        • Changes can be made before the scheduled end time
        • Users of the auction service can rate each other
        • sellers can chose to make an item available for purchase immediately rather than have bidders bid for it

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