The impact of internet payment systems upon the retail sector Essay

The impact of internet payment systems upon the retail sector - Essay Example One of the most classical and beneficial advancements of the internet, that has been critically beneficial for growing cross-border trade and commerce, has been the internet payment system or e-trading concept; some other titles for the same are e-shopping, e-business, e-marketing – where ‘e’ simply implies conducting transactions via electronic medium. Classically, ‘shopping’ or ‘purchases’ took place face-to-face i.e. purchase against cash. With the advancements of the banking system, some purchases moved against the cheque system, and then against credit cards – plastic money. However, the arrival of the ‘e’ age, it became critical to have a reliable source of payments since purchases technically took place over the internet. Such situation gave birth to the need of a medium of payment other than credit and debit cards. Subsequently, there came third-party payment systems such as PayPal, Bank-transfers, Alert-Pay, E -Gold, etc. With the advancements of ‘e’ purchases, such third-party systems have assisted in providing enhanced sales. The Impact of Internet Payment System on Retail Sector The retail sector has significantly benefited from the advent and advancements of the internet payment system. In particular, as the said system has eased the process of e-shopping with added security features. Initially, this turned out to be a huge competitive edge for the smaller retailers as they embedded e-shopping along with internet payment systems, providing the ease of shopping from home comfort to the customers, pushing the competing bigger names to adapt the same strategy. However, initially, the advantages of this internet payment system were not known to be gone as far as they are today. In the initial phase, it was just assumed to provide comfort and ease of shopping, reducing the cost of selling for the seller, increasing margins, reducing the waiting-line phenomenon to a higher degr ee. Today, the cross-functional advancement of the MIS has led the firms into realizing the long-run potential of the various aspects of such payment systems. Prior to such advancements, the concept of home delivery and cash-on-delivery prevailed, which was not very encouraged by the retailers across the world in all sectors and industries. Fake order placements and false addressing were common issues; but internet based payment systems have reduced such issues to a much greater extent, and also made the consumer market much more mature. As a buyer now knows that internet based payment system reveals complete identity and contact information, and with IP tracking facility over the internet, there are lesser chances of individuals involving themselves in such or similar activities. The first and foremost advantage of the internet payment system is the ease of marketing for the marketers; marketers rely solely on the information and crave for reliable and authentic sources of informat ion. When purchases are made through paper money, the buyer remains unknown to the seller. However, when plastic money and internet payment systems are involved, the buyer no more remains anonymous; rather the buyer along with the buying habits and practices becomes visible to the marketer, and thus, marketers can develop groups and strata and segments to ensure that they target the right audience with the right combination of products and services. When it comes to e-marketing, marketers need as accurate of a data as possible, primarily due to the fact that e-marketing relies heavily on reaching the right customer –

Carbon footprint estimate Research Paper Example | Topics and Well Written Essays - 750 words

Carbon footprint estimate - Research Paper Example All these average to 8kwh per day in reference to the monthly bill of 240kwh. This translates to 2,880kwh per year, which is generated from coal. According to the Wright, Kemp and Williams (2011), coal, which is the source of electricity in this case, produces about 0.91 Kg of Carbon Dioxide per kWh. Home electricity use therefore contributes 2.62 tons of Carbon per year. Travelling is also a critical contributor to carbon emissions. I commute to and fro a total of 10 Km per day with a public bus that according to Reggiani and Schintler (2005) generates 60g of CO2 for one passenger per Kilometre. From this, perspective, I contribute 0.219tons of CO2 per year through daily commuting. Daily beef consumption is also an important indirect contributor of CO2 among other greenhouse gases emitted by the animals in to the atmosphere. The CO2 is mainly as a result of cultivation, processing and transportation of animal feeds. For example, Rohrer (2007) estimates the CO2 generated to produce 1kg of beef to be 13.3 kg and 0.95 kg for 1 litre of milk. Fruits and vegetables are estimated to contribute 0.7kg of CO2 per kg of food. The daily consumption of 0.5 kg of meat therefore adds up to 2.43 tons of CO2 per year while 0.5 litres per day will contribute 0.173tons of CO2 per year while consumption of 0.5 kg fruits and vegetables per day contributes 0.13 tons of CO2 annually. According to Goodall (2007), natural gas such as methane has been found to contribute 0.23 kg of CO2 per kWh of gas used. Gas has to be used daily for cooking and warming food and I use approximately 8 kWh per day. This translates to 2,928 kWh per year, meaning that 0.67 tons of CO2 are generated through culinary activities in my house, yet some foods such as bread are ready for consumption. Water usage in the house could have been a major contributor to CO2 if measures were not put in place to minimize the number of units used per day.

Consumer behavior Assignment Example | Topics and Well Written Essays - 500 words - 1

Consumer behavior - Assignment Example The PBS site has incorporated various things which children require during development period (Comstock & Scharrer, 65). It has materials for education which can persuade the kids to develop appetite for reading. It also has parents and teachers guide that can help children understand what their teachers and parents want from them. This can make children to pursue things that will please their teachers and parents. The site also contains other materials for young people such as DVDs, books, type of cloths they should wear, type of parties they should attend to, and the games they should play. Therefore, these activities encourages children to engage in physical fitness, eating of health food, carrying out their studies and dressing in cloths which are essential for certain occasions like cold weather . The PBS website is welcoming to children and they can easily explore various contents without guidance. It contains images, sounds and colors, which are appealing to children, and has most of the things that developing children requires for entertainment and usual activities such as video, games, learning information and shopping list for the children. According to Comstock & Scharrer (87), many children love cartoons hence the site has used cartoons which entice children to follow the advertisements displayed for them. The mobile cartoon images direct the children on what they want to. The kids may post the question or navigate the site by clicking the cartoon image. This website is well developed to help youngsters to acquire acceptable behavior in the community. The ordinary websites contains a lot of information misleading which is misleading to youngsters. For example they use images of children taking junk foods and enjoying television programs which have no content for the young people. This has resulted to youngsters developing health complications due the improper

Three Types of Major Networks Essay Example | Topics and Well Written Essays - 500 words

Three Types of Major Networks - Essay Example The connectivity is generally made possible using a copper cable or optic fiber cable (OFC). The reach is further extended somewhat when we use the optic fiber. But that results in substantial increase in costs. Therefore in organisations where the purpose of LAN is not commercial and it is merely for information sharing, OFC is not a viable option. LANs are generally used to connect personal computers and sharing resources like printers. Generally LAN can work on speeds ranging from 10 Mbps to 100 Mbps, with modern networks even working at somewhat higher speeds. The interconnections could be in Bus, Ring, Star or Tree topologies. Bus and Ring are the generally used ones’. The arbitration mechanism for resolving disputes is called Ethernet or IEEE 802.3. Metropolitan Area Networks (MAN): Such networks are called "metropolitan networks" because they are usually used for areas like metro-cities. It is a bigger version of LAN and normally uses similar technology. The coverage area of LAN could extend upto 10 kms. An organisation having couple of offices within a city can make use of MAN for interconnecting all such offices. MAN are also compatible with local networks. A Metro area network is also interconnected with one or two cables without any switching elements. Normally, this type of network is made a high speed network using optical fibre cable connections. Couple of LANs can be interconnected with the help of a MAN. The main reason for placing MAN into a separate category is that a standard has been adopted for them. This standard is called Distributed Queue Dual Bus (DQQB). DQQB is made up of two unidirectional buses (cables) to which all the computers are connected (fig 2). This standard is also known as IEEE 802.6. The key fea ture of MAN is that it allows ‘broadcasting’ i.e. one person/ node can messages for all the person/ nodes in the network simultaneously. This is possible because of the design of DQQB. Wide

Agree with or disagree with Article Example | Topics and Well Written Essays - 250 words

Agree with or disagree with - Article Example In fact, the World War forced thousands of American men to cross the Atlantic Ocean and take part in the overseas operations in Europe as the USA joined their allies and entered the World War II. The shortage of male workforce became a problem within the framework of the industry that produced military supplies. Thus, a growing number of women began to get employed for jobs that used to be done by men before. As a matter of fact, around nineteen million of women took over jobs that were done by men before the war burst out. Rosie the Riveter became a generalized character and a common name that embodied all the women who helped doing the jobs that women had not done before the war. One could see the image of this imaginary woman, which became the symbol of feminism in 1940s, on every second placard, poster and pinup encouraging women to get employed for mans jobs. It was a powerful marketing idea that helped to boost the economy during the war and ruined a great number of stereotypes concerning the ability of women to do mans job. Indeed, a new generation of both men and women was shaped during the WWII and Rosie the Riveter became the icon of America during the WWII. These two facts cannot be denied. As a matter of fact, the World War contributed greatly to the strengthening of the political influence of the United States within the context of the global political processes as the USA took over the leadership of a free democratic world after the war was over. There is no doubt that despite all the damage that the war inflicted on the American society, the consequences of the war implied the acquiring of a new geopolitical role of the USA in the world that ended the era of political isolation of America from Europe, which may be treated as a positive effect of the war. All in all, the price that the American society paid for the victory in the war was enormous but the economic growth of the United States during the war was the fact that cannot be denied.

Perspectives of Regulation of Complex Financial Institutes Essay

Perspectives of Regulation of Complex Financial Institutes - Essay Example General complaints about a â€Å"lack of regulatory aggressiveness† ignore the realities of actually bringing enforcement actions in a tough environment. Regulatory enforcement in the United States operates surprisingly well given the difficulties of this operating environment, and critics have not presented credible alternatives to the present system. A second perspective is that major financial institutions escape meaningful regulatory constraints because their power and influence overwhelm regulators and because individuals from regulatory institutions give too much deference to major financial institutions and their key executives and staff. This perspective suggests that financial regulation in the United States is broken largely because of this political dynamic and needs fundamental reform. This paper will examine and look into how regulators and firms deal with each other, how interdependent they are on each other and the outcome of such interdependency. What kind of b enefits and liabilities develop due to their strong ties. Financial institutes will be used as the premise of all discussion. Special attention will be given to potential benefits and risks of such cohesive regulatory networks. Regular dealings between regulators and financial institute beyond the regular rule making boost up co-operation. Ineffect transparency takes a toll. Information disparities also strengthen regulatory cultures and bring down the threshold of external pressure need to effect changes within firms. The conditions that bring this benefit impede flow of information and genuine criticism from outsider. As a result performance standards dip and various other problems crop up. The paper looks into various examples of such fraudulent activities and also the circumstances in which these tensions are more likely to manage without damage from these problems. Strong ties that encourage cooperation within insiders have a huge impact on the flow of information. Information disparity arises and outsiders are asked to stop criticism. A lot of problems shape up as a result. A very prominent example in this case would be the SEC, NASD and NYSE when they acted against conflicts of interests in investment banking and mutual funds, immediately after outsiders. In 2003, at a cost 1.4 billion dollars, regulator prosecutors and large securities firms settled charges. The firms had encouraged investment analysts to mask and exaggerate corporation’s investment value while misleading investors in order to win the corporation’s investment banking business. For many years, this was floating around as a secret in the industry while the press and various congressional hearings had focused on it. While the participants were aware of the ethical implications of such a business, they eventually came to terms with it and started living with it as if it was a normal part of the business. The Lehman Brothers came to the rescue and appealed for new synergy by a nnouncing a new model for dealing between analysts and investment banking. This was widely accepted new paradigm for synergy and stated that â€Å"The analyst is THE key driver of the firm relationship with its corporate client base. Analysts need to accept responsibility and use it to expand the franchise and DRIVE PROFITABILITY

Accident Essay Example | Topics and Well Written Essays - 750 words

Accident - Essay Example On this particular day, as his parents wants to buy for him a new car, a ‘Chevrolet Silverado 2012,’ they ask him to go and renew his license. He goes to the mall for the eye check test and the attendant informs him that even though the renewal is possible, it takes a few days to process and requires some payments. He makes the payment and receives a note to prove that his license is already renewed but he is waiting for delivery that is due in about three to four days. He then leaves for home. On his way home, his mother calls about the license renewal. He replies that he already renewed the license but is too tired and sleepy. He asks her to just get the car and take it home, something that she agrees to. He then turns off his phone, turns right and stays on the left lane. Mike then notices a speed bump and a U-turn and at the same time sees an old man riding a bicycle along the end of the right lane. Owing to the distance between the two lanes and the fact that the old man does not seem to move or show any intention of moving when Mike gets close to the U-turn, he increases his speed by 20 kilometers per hour from 50 kilometers per hour. As he gets close to the turn, however, the old man crosses the road. He does not have sufficient time either to stop the car or to avoid the man. Actually, he does not have time to think at all. He therefore hits the man without even noticing and drives on until he realizes shreds of glass on the passenger’s seat. Upon looking ba ckwards, Mike notices that the man is still. With the knowledge that he has hit the man, he thinks of speeding off the scene but changes his mind, stops the car and runs to the old man, to check whether the man is hurt of he is ok. At the shock that the man is not moving at all, Mike calls the police and the receiver asks him to check on the man. Another motorist however advises him not to touch the victim and Mike gets