Identify the Eight Unique Features of E-Commerce Technology and Explain

question 6

Essay

Identify the eight unique features of e-commerce technology and explain how these features set e-commerce apart from more traditional ways of conducting commercial transactions.

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Definitions:

Right to Payment

A legal entitlement to receive money as a result of a contract or legal agreement.

Liquidation

The process of converting company assets into cash to pay off debts, often preceding the dissolution of the company.

Trustee

A person or firm that holds and administers property or assets for the benefit of a third party.

Assets

Resources owned by a company or individual with economic value.