Presentation Transcript

1. Online Shopping
2. Vocabulary Wire transfer: Wire transfer or credit transfer is a method of transferring money from one person or institution (entity) to another. Currency: A system of money in general use in a particular country. Auction: A public sale in which goods or property are sold to the highest bidder. Constraints: A limitation or restriction. Antiquated:old-fashioned or outdated.
3. Risks & Disadvantages of Online Shopping Do you know the company? Are you getting the correct product at the requested time? Do you know how to shop online? Is your information being sold? Is your credit card safe?
4. Consumer Benefits - Convenience Geographic Store hours Ease of transaction Quick and efficient shopping process
5. Online Shopping vs. Traditional Shopping Cannot try or test product before purchase Cannot pay by cash Shop anytime online Minimum human interaction if any
6. Match the following
7. Choose the appropriate words to fill in the blanks. One advantage of online shopping is you are able to compare _________ much easier. One disadvantage of online shopping is that you do not have someone to _________ you in finding what you need, or just answer questions about the product. One payment method for online shopping is _________ which literally transfers money from one entity’s bank account into another’s. People can shop from home or work whereas a visit to the mall requires consumers to travel using some form of transportation and forces them to visit the stores during the stores’ _________. Online shoppers have the advantage of _________ prices of competing stores without actually driving to the stores. Comparing Wire-transfer Business hours Prices Assist