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Instruction: Attempt all scenario based questions

Economics

Instruction: Attempt all scenario based questions.

?   A merchant who accepts online credit card payments has experienced a wave of fraudulent orders. What steps should the merchant take to combat the fraud?


?   In 1999, eBay purchased a payment system called Billpoint, which was a head-to-head competitor of PayPal. Use online sources to research why PayPal succeeded and Billpoint failed. Mention your findings.

?   Visit Amazon.com and trace their purchasing process, look at the catalogs, search engine, shopping cart and any other mechanisms that improve e-shopping. Prepare a short report that includes recommendations for improving the existing process.

?   Visit priceline.com and zappos.com, and mention the various business revenue models used by both. Discuss their advantages of using the various business revenue models.

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