Question

Explain briefly the different types of transaction risk faced by the e-business

Answer 1

1. Internet users totaled 3.8 billion worldwide, according to a 2016 study by the International Telecommunication Union, the United Nations organization that oversees international communications.
2. This amounts to about 47 percent of the world's population, an exponential leap from the 6.5 percent the study reported in 2000.
3. It also found that 79.1 percent of Europeans are Internet users, the highest of any geographic region in the world.
4. The U.S. isn't far behind with 74.6 percent of its population using the Internet.
5. The number of websites also is growing, jumping from 582 million in 2011 to more than 1 billion in 2014, according to Internet research firm Netcraft.
6. These numbers are projected to continue to grow over the years. Electronic business, or e-business, is the use of the Internet to conduct business and is a lucrative and highly profitable domain that generated a mammoth $119 billion in sales in in the fourth quarter of 2017 alone.