★ Must-know
Further detail
1. What best defines electronic commerce?
2. Which activity is an example of an e-commerce application?
3. Which practice best reduces a shopper's potential loss when using a payment card online?
What is electronic commerce?
A business model for conducting business over electronic networks like the internet.
Name one type of e-commerce application.
Online retail stores.
What payment method did Yash use for his online purchase?
Credit card.
What borrowing limit should online shoppers use on their cards?
A very low borrowing limit.
What website features should online shoppers check before buying?
The business address, telephone number, privacy policy, lock icon, and https address.
What should ATM users do when entering their PIN?
Cover the keypad while entering the PIN.
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