E-commerce is a word coined to describe business conducted over the Internet. E-commerce is similar in some
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E-commerce is a word coined to describe business conducted over the Internet. E-commerce is similar in some ways to traditional retailing, but it presents new challenges. Go to the website of Amazon.com. Investigate and list the steps a customer takes to purchase an item on the site. How do these steps differ from those in a traditional retail store such as Borders or Barnes & Noble? What are some of the accounting challenges in recording Internet transactions? Be prepared to discuss your results in class.
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