Rajender has been running a successful business of manufacturing traditional wedding wearfor women including sarees and lehengas. His friend Surinder who is engaged in the business ofproviding web designing solutions to his clients, suggests him to explore the option of selling hisproducts online. Rajender agrees to his suggestion and decides to venture into online business,keeping in view the various e-commerce regulations in order to avoid imposition of any penalty. Inorder to facilitate the sale of his products, Rajender decides to offer multiple payment options suchas cash on delivery, credit or debit card transactions, net banking to the buyers etc.In context of the above case: (4)Identify and explain the two different types of plans mentioned in the above paragraph that relateto the online portal that Rajinder intends to start by quoting lines from the paragraph
Question
Rajender has been running a successful business of manufacturing traditional wedding wearfor women including sarees and lehengas. His friend Surinder who is engaged in the business ofproviding web designing solutions to his clients, suggests him to explore the option of selling hisproducts online. Rajender agrees to his suggestion and decides to venture into online business,keeping in view the various e-commerce regulations in order to avoid imposition of any penalty. Inorder to facilitate the sale of his products, Rajender decides to offer multiple payment options suchas cash on delivery, credit or debit card transactions, net banking to the buyers etc.In context of the above case: (4)Identify and explain the two different types of plans mentioned in the above paragraph that relateto the online portal that Rajinder intends to start by quoting lines from the paragraph
Solution
In the given paragraph, two different types of plans related to the online portal that Rajender intends to start are mentioned.
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The first type of plan mentioned is the business plan. This is evident when it is stated that Rajender agrees to Surinder's suggestion of exploring the option of selling his products online. This indicates that Rajender is making a strategic decision to expand his business by venturing into the online market.
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The second type of plan mentioned is the payment plan. It is stated that Rajender decides to offer multiple payment options such as cash on delivery, credit or debit card transactions, and net banking to the buyers. This indicates that Rajender has a plan in place to ensure smooth and convenient payment processes for his online customers.
By implementing these two plans, Rajender aims to establish a successful online business while adhering to e-commerce regulations to avoid any penalties.
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The enabled by the Internet and e-commerce technologies make it possible for e-commerce service providers to market and sell complex goods and services that traditionally require a face-to-face presentation.
Which of the following is a characteristic of a traditional offline payment system in e-commerce?Group of answer choicesAccessibility from anywhere in the worldImmediate transaction processingHigh risk of fraudIntegration with mobile wallets
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