Your uncle wants to setup a store and requires your expertise in explaining some unfamiliar terms regarding ethical issues in e-commerce. Discuss the ethical concepts and explain eight ethical principles that have survived throughout recorded history.
Ethics in e-commerce transactions
The internet has come as a strong alternative way of physical commerce. The internet itself is a global phenomenon, with over 3 billion users worldwide in 2015, ups from 420 million in 2000 and one billion in 2005.
In the developing world, 31% of the population is online, compared with 77% in the developed world. In particular, the phenomenal growth in firms’ use of the Internet for business transactions has led to the emergence of B2B e-commerce, in which many buying and selling firms access a given website to transact their business. E-commerce between firms has a broader scope than e-commerce between firms and consumers.
The incredible growth of e-commerce presents ethical issues as the Internet presents a new environment for unethical behaviour. Although many businesses acknowledge the importance of e- commerce activities, little attention has been paid to the business community’s perceptions of theethicality of this new media.
Question
Your uncle wants to setup a store and requires your expertise in explaining some unfamiliar terms regarding ethical issues in e-commerce. Discuss the ethical concepts and explain eight ethical principles that have survived throughout recorded history.
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