Unit 12 by shyni https://padlet.com/shyni123/Unit11 The Role and impact of IT in society en-us 2016-02-27 06:36:14 UTC 2025-10-11 12:53:10 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/400162/d37fe1ea01ebecf9b4f1dfa8b8968522/TWS_HD_LOGO.png Objective: shyni123 https://padlet.com/shyni123/Unit11/wish/818722664 Unit 12 –Role and impact of IT in society
12.1 eBusiness 
12.02 Online shopping 
12.03 Online banking 
12.04 Electronic funds transfer 
Evaluate the impact of information technology on eBusiness
]]> 2020-10-10 16:11:50 UTC https://padlet.com/shyni123/Unit11/wish/818722664 Q1 shyni123 https://padlet.com/shyni123/Unit11/wish/818725189 Explain eBusiness
Explain EFT]]> 2020-10-10 16:15:10 UTC https://padlet.com/shyni123/Unit11/wish/818725189 Q1 shyni123 https://padlet.com/shyni123/Unit11/wish/818725388 Explain how IT is used in eBusiness]]> 2020-10-10 16:15:24 UTC https://padlet.com/shyni123/Unit11/wish/818725388 Q1 shyni123 https://padlet.com/shyni123/Unit11/wish/818725899 Advantage  and disadvantage of Online Banking ]]> 2020-10-10 16:16:02 UTC https://padlet.com/shyni123/Unit11/wish/818725899 Q1 shyni123 https://padlet.com/shyni123/Unit11/wish/818726550 Advantage  and disadvantage of Online Shopping]]> 2020-10-10 16:16:55 UTC https://padlet.com/shyni123/Unit11/wish/818726550 Saad https://padlet.com/shyni123/Unit11/wish/819381747 Adv: convenience
better variety of prices
more control
Disadv: Risk of fraud
shipping delays and issues
no sales assistance]]> 2020-10-11 08:12:52 UTC https://padlet.com/shyni123/Unit11/wish/819381747 Taha https://padlet.com/shyni123/Unit11/wish/819382293 In eBusiness, selling of goods and services is done online. This can also include payment of good/services bought by the buyer. ]]> 2020-10-11 08:13:22 UTC https://padlet.com/shyni123/Unit11/wish/819382293 Iman https://padlet.com/shyni123/Unit11/wish/819382375 - An eBusiness is an electronic one that carries out most of its transactions using the internet.
-EFT is electronic funds transfer. It transfers money electronically from one banking institution to another.]]> 2020-10-11 08:13:27 UTC https://padlet.com/shyni123/Unit11/wish/819382375 Amal https://padlet.com/shyni123/Unit11/wish/819382560 Online Business or e-business is any kind of business or commercial transaction that includes sharing information across the internet. Commerce constitutes the exchange of products and services between businesses, groups and individuals and can be seen as one of the essential activities of any business. ]]> 2020-10-11 08:13:38 UTC https://padlet.com/shyni123/Unit11/wish/819382560 Jameela https://padlet.com/shyni123/Unit11/wish/819383000 An electronic fund transfer moves money from one account to another. 
The transaction is done electronically over a computerized network.
EFT transactions are also referred to as electronic banking.]]> 2020-10-11 08:14:02 UTC https://padlet.com/shyni123/Unit11/wish/819383000 Serena https://padlet.com/shyni123/Unit11/wish/819383023
  • E-business
    • E-business (electronic business) is the conduct of business processes on the internet. These e-business processes include buying and selling goods and services, etc.

    E-business can comprise a range of functions and services. They range from the development of intranets and extranets to the provision of e-services over the internet by application service providers.

    • EFT
    An electronic fund transfer moves money from one account to another. The accounts can be at the same financial institution or two different financial institutions. The transaction is done electronically over a computerized network. EFT transactions are also referred to as electronic banking.

    ]]>     2020-10-11 08:14:03 UTC https://padlet.com/shyni123/Unit11/wish/819383023     Harith https://padlet.com/shyni123/Unit11/wish/819385638 Advantages-
    24/7 account and service access
    Speed and efficiency

    Disadvantages-
    Security issues
    No relationship with personal banker
    ]]>     2020-10-11 08:16:25 UTC https://padlet.com/shyni123/Unit11/wish/819385638     Haseeb https://padlet.com/shyni123/Unit11/wish/819386764 It saves time as there is no need to travel to the bank 
    Old and disabled people can carry out online banking
    Saves cost as no employees required ]]>     2020-10-11 08:17:24 UTC https://padlet.com/shyni123/Unit11/wish/819386764     https://padlet.com/shyni123/Unit11/wish/819390615 Advantages                                          
    • Always being open
    • Saving on gas
    • No parking hassles
    • No aggressive salespeople or annoying crowds
    • No waiting in long lines to check out
    • Being able to read reviews about the products being purchased
    • More choices for buying refurbished products

    Disadvantages 

    • Not having the ability to physically inspect or try on the items being considered for purchase
    • Losing the power to negotiate price and payment terms that may exist in local stores
    • Items being on backorder and not finding out until weeks later, which is particularly problematic when buying gifts
    • Not always knowing if a site is a legitimate store and if it's safe to shop
    • Paying restocking and shipping costs on returns
      
    ]]>     2020-10-11 08:20:49 UTC https://padlet.com/shyni123/Unit11/wish/819390615     Ashish https://padlet.com/shyni123/Unit11/wish/819391059 Advantage - online shopping saves times. Can compare prices from different retailers
    Disadvantages - Fraud. 
    Hidden costs and shipping charges ]]>     2020-10-11 08:21:13 UTC https://padlet.com/shyni123/Unit11/wish/819391059     Amara https://padlet.com/shyni123/Unit11/wish/819394329 Electronic business (e-business) refers to the use of the Web, Internet, intranets, extranets or some combination thereof to conduct business. E-business is similar to e-commerce, but it goes beyond the simple buying and selling of products and services online.

    Electronic funds transfer is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff. ]]>     2020-10-11 08:23:57 UTC https://padlet.com/shyni123/Unit11/wish/819394329