1. Discuss the difference between accepting payment online versus in person and describe some of the problems associated with online payments from the vendor and customer points of view. Be sure to answer the following questions:

a. How do you believe payment system benefits, complications, and complexity can help or hinder new online business owners from establishing a business online? Compare and contrast new owner scenarios with large and established businesses.

b. How do you believe customers view online payment systems?

2. Read the Closing Case in Chapter 11, Why is Disney Funding Chinese Pirates? Give a reasoned answer to why Disney might be investing in 56.com instead of fighting with this popular Chinese file-sharing website.

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1 In a business setting various payment methods and modes have been established and evolved over the years in a bid to enhance business activities Loh Hui Ho 2011 Through these past developments onlin... View the full answer