The financial products are characterized by factors such as ‘making financial investment, managing financial risk, acquiring credit and having the means of payment.’ These are different types of products such as credit card companies, banks, stock brokerage companies, etc…
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The direct financial service is advantageous in terms of efficiency in the achievement of needed services. This can be attributed to the fact that, a company or institution provides goal specific services. For example for a bank or a credit card company, one must be linked directly to the site of a specific company. Through the said system less complication can be met. For that matter, the clientele that can be attracted are those who know the discipline and are sure of what they need and want, and those who are not familiar with complicated online systems. For that matter, the said system of financial services can be considered advantageous to a wide variety of consumers. One disadvantage of the said system though is the danger of putting trust on a single entity as compared to the system with intermediaries which in the said case can be considered more secure (Carlon, Ryan and Weledniger, 2010).
The financial services with intermediaries on the other hand can provide benefit such as the decrease in transaction costs due to the sharing of assets, goods and services of the different groups and companies that comprise one system. This structure also increases security based on the fact that risks that can be encountered are shared by the whole group. A disadvantage that can be cited though is the complex structure that can create certain problems in different transactions and financial services (Carlon, Ryan and Weledniger, 2010).
Australian Government Treasury (1999) Financial Products, Service Provides and Markets – An Integrated Framework [online]. Available from: [Accessed 20 May 2010].
Carlon, M., Ryan, M. and Weledniger, R. (2010) The Five Golden Rules of Online Branding [online]. Available from Dynamic Logic, AdRelevance and 24/7 Media: [Accessed 20 May 2010].
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(E-Commerce Systems Essay Example | Topics and Well Written Essays - 1000 Words)
“E-Commerce Systems Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/miscellaneous/1567170-e-commerce-systems.
The report starts with an overview of e-commerce. This report has also discussed various important aspects that should be considered before the development of an e-commerce system such as target market and target customer. This report has also suggested the type of e-commerce model that will be adopted for this e-commerce system.
E-commerce means that the company runs their business online, not like the traditional business way. We have to go the shopping mall or store to get goods that we need, E-Business is the enabling of electronic communication between any two or more participants in a business relationship. It helps companies capture abroad business fields.
In its early days, the Internet was used solely for purposes of communication. But in recent years the role and scope of the Internet has assumed new dimensions with the introduction of commercial transactions. What has come to be called e-commerce has its origins in the dotcom boom of the late 1990s.
Practically speaking, in the context of the Business-to-Business (B2B) e-commerce systems, a whole range of factors affiliated to diverse origins play a pivotal role, as far as the ability of the system to face challenges is concerned.
1. B2B commerce systems enable the businesses and organizations to expand their activities at a global scale, hence allowing them to reach and influence a relatively large volume of potential customers.
Specifically E Commerce integrates telecommunications, computers and stream lined work processes. Business to Customer (B2C) e commerce enables customers to directly get in touch with manufacturers. B2B helps organizations communicate. (Donat, 2000)
The need for stocking inventory is negligible as information passes rapidly down the electronic corridor.
In this context, the transformation of cell phones to an indispensable tool of communication can be characterized as expected; cell phones today have become a necessity but the margins of their role have been expanded more than initially estimated. In fact, in their
E-commerce has reduced costs and time spent of supply chain activities.
Electronic commerce is the use of technology to perform business process activities that entail the exchange of information, products and
10) study of corresponding software and hardware networks that are used by businesses to collect, sort out, produce and share data are known as information systems. Many types of information systems are employed by organizations in different departments which include: accounting
A long-term strategy is required in the whole company in order to be customer-oriented. An organization that is customer oriented has an overall change of mentality and internal training that enables it to achieve their objective,
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