Question

4. Discuss four challenges associated with ebusiness in general. Then, describe an ebusiness idea of your own and analyze its challenges. (20 pts)

Answer 1

4 challenges associated with ebusiness :

1. An absence of online identity verification

It is difficult to verify that the identity of the customer is genuine or not.

On the internet many people tend to use different names or other details, people tend to misuse this absence of identity verification which may lead to various difficulties and many problems may arise diue to this.

2. Competitor Analysis

Many ebusinesses may offer same products and it would be difficult to differentiate yourself and the competitors

3. Shopping cart abandonment

people tend to add products to the shopping cart but then forget or tend to abondon the cart and may not complete the purchases

4. Maintaining customer loyalty

since there are many similar ebusinesses selling similar products it becomes quite difficult to ensure that a customer keeps coming back to you without shifting to another one.

My ebusiness idea : online Tshirt store

the challenges :

1. there are many tshirt stores on the internet so, getting people to the website would be difficult and differentiating from other stores may be difficult

2. tshirts may come in hundreds of variations and the trends may change quickly so it is a challenge to keep up with the latest trends

3. generally people tend to look for heavy discounts in tshirts and providing heavy discounts may bring lots of traffic to the e-store but may result in losses in the long term

4. trends may change and this may result in loss as the remaining inventory of an outdated design may go to waste or take longer to sell resulting in more storage costs

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