Explain the Main Functionalities Included in E-Commerce Merchant Server Software

question 50

Essay

Explain the main functionalities included in e-commerce merchant server software and the decision-making process for a manager choosing from among the various e-commerce merchant server software packages.

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Definitions:

Sole Proprietorship

A business structure owned by a single individual, where the owner and the business are legally considered the same.

Drawing Account

An account used to record the amounts withdrawn by an owner from the business for personal use.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Common Shares

Equity ownership units in a corporation, entitling holders to voting rights and dividends.