Pre-course Knowledge Assessment
1) Describe Porter's Five Forces model and describe how it's relevant to issues in electronic commerce.
Who is Mr. Porter? I don't know but he may be part of the force.
2) What is a PSP (Payment Service Provider)? Give three examples and explain how they operate.
A PSP is a company that handles the payments for your e-commerce site. One example would be Paypal, I don't know any other.
3) What are some common security threats that a typical E-commerce site might face? What are some risk mitigation strategies for dealing with these issues?
Denial of Service, Hackers, Server outage. Updated firmware and software patches, a hardware firewall with redunate services.
4) Describe what is meant by the Semantic Web. What are some technologies that make use of this theory.
I don't know
5) What are managerial process plans? How are they relevant to software requirements specifications? Name and briefly describe an example plan.
I don't know
6) Describe three distinct E-commerce revenue models.
Direct Sales-Sell items that the company makes
Indirect Sales- Store front is a store to sell items that other companies produce and ship
Services-Company sells services not items such as web hosting,
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