Four Key Challenges of E-Commerce Include: 1) Defining an Effective

question 34

Short Answer

Four key challenges of e-commerce include: 1) defining an effective e-commerce model and _____, 2) dealing with consumer privacy concerns, 3) overcoming consumers' lack of trust, and 4) overcoming global issues.

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Definitions:

Qualitative Data

Non-numerical information that describes qualities or characteristics of what is being studied.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the number of terms in the set.

Central Tendency

A statistical measure that identifies a single value as representative of a distribution of data, often summarized by the mean, median, or mode.

Measures Central Tendency

Statistics that describe the center of a data distribution, including mean, median, and mode.