Hands-On Activity #7
2. What are the main risks in doing business on the web?
Some of the main risks in doing business on the web are as followed: System security and being a victim of identity theft by computer hackers. Using personal data information should be linked to a privacy policy that needs to be displayed on the home page. Another risks is staying in control of your ideas or intellectual property because your product will be advertised to the world. Another risk is your computer could crash causing you to loss a lot of important information that could become very costly for you to retrieve. Another risk is to avoid drop shipping process from third party resources due to them not being reliable to deliver merchandise in a timely manner. Another risk is competition among other companies advertising the same products or services on the web at competitive prices. Another risk is costly computer software to keep your systems upgraded.
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