Kiss me through the phone? hahahah. Pay through the phone!!!!!

Question 1

It is a potential threat to the company because this new technology can make the existence company loss their customer. So, the existence company have to use Differentiation  strategy to adapt to this new changes that happen in the world today. By doing that,company create competitive advantages by differentiate their cell phone on 1 or more important features to the customer. These specials features also may give them price advantages and stimulate demand.

 Question 2

Barriers to entry is the threat of substitute products or services. Customer might think that these new modern telephone company may have more expertise in this new technology. So, easily they can change to new cell phone, and the old fashion technology can loss customer.

Question 3

The Three Generics Strategies in the new technology is Differentiation. This strategies may allow the company to put a higher price because of the special features they have in their products. Based on this case, as the traditional company already have name, so, they just need to step up their game by putting this new technologies into their new coming product.

Question 4

For example, a girl buy a new bag from ZALORA using direct debit transaction. So, the bank will directly deduct the money from our account and pay Zalora that  certain amount of money. The bank may charges a few ringgit for the service provided to the customer. from that, they can gain some profit through online payment. Once Zalora get the money, they will deliver the products to the customer.

Question 5

Fraud can happen from internet payment is fraud by the customer and by the company itself. customer may use others account to do payment or use different identity. So, if no payment is made, the company can't trace them.