Electronic Commerce And E-Commerce

Which they are introduced to the customers this is because the different types of e commerce application have seen far more developments of the model based online stores using. can be made use of to develop character sites along with graphics and logos for the retailer to enhance their business is the latest application technology of the internet. Without the requirement of any other hardware or software, the only accuse they will have to pay is their monthly rentals. the consumers can enjoy are that the shopping done over the internet can be quicker and easier with a number of deals accessible by the retailers that some of the other advantages . B2C E-Commerce type are promotion to un-trusted stranger and extra effort to get customer and payment information this is the disadvantages.

This is because online shops do not require a physical space and hence saves on the rent. Online retailers are also expanding the number of products that they offer online to include in store picking and also trying out online retailing that involves the social media. Many people are turning to online shopping because internet has become easily accessible and with the twenty four hour economy most people work most of the time and is thus more convenient for them to shop online. Online shopping sites are coming up with in store pickups where by an online shopper picks the items from a specified store or they set up pick up deposits for the people to pick up the products. Smart phones that have come to colonize the cell market are also widely being incorporated into online marketing.

E-commerce Explain what is meant by the term ‘E-commerce’. It is the conducting of business communication and transactions over networks and through computers. As most restrictively defined, electronic commerce is the buying and selling of goods and services, and the transfer of funds, through digital communications. However EC also includes all inter-company and intra-company functions (such as marketing, finance, manufacturing, selling, and negotiation) that enable commerce and use electronic mail, EDI, file transfer, fax, video conferencing, workflow, or interaction with a remote computer. Electronic commerce also includes buying and selling over the Web, electronic funds transfer, smart cards, digital cash (e.g.

We do this because we find it easy and also we find it helpful as products can be delivered to our home. This affects the community because more and more people will shop online because it is very simple therefore the supermarket will have more customers and therefore they will have bigger profits. If somebody is poorly, they can buy their shopping online. People can compare prices of products online and you can shop at any time you want. All the main supermarkets use online shopping.

The concept has led to intensified business opportunities, increased business with different countries, and hence increasing the market scope for the multinational organizations wishing to venture into e-marketing. Increased commerce leads to enhanced economy, thanks to e-commerce which has also led to a society with more job opportunities. B2C model is an approach used by the business partners to market their products online through an online store, sell their products and send it to their consumers. This model helps in enhancing communication between the sellers and the buyers on an online platform without meeting. The main advantage of using the application is that the service is offered free of charge, while at the same time, the consumers get to know a lot of information about various products.

E-commerce, especially online shopping, is very common nowadays. Most people purchase the products that they are looking for by visiting the online stores. This essay will examine the changes that e-commerce made, the conditions at the time that made e-commerce favorable for the game changer to emerge and the reasons why e-commerce had a lasting impact. E-commerce gives a convenient method for consumers to purchase the products and provide more opportunities for sellers and buyers to have interactions. As the technological network improved rapidly and both sellers and customers could gain the benefits from e-commerce, it became favorable for the game-changer to emerge.

1.1 INTRODUCTION E-commerce is as the world knows the process of buying and selling goods and services over the Internet where in all the activities happen online, These activities includes not only mere generating demand but also factors like customer services with regards o offering after sales services and facilitating communication as well between business partners. The e-commerce structure is such that which not only includes transactions of buying and selling but also generating revenue by selling goods and services by providing the most viable and exciting experience of online shopping . Looking at the e-commerce activity we need to first look at the kind of products that are available which is clothing, computer hardware, software, clothing electronics to books and gift can be sold online. With E businesses establishing business models which is based on selling of goods and services and revolves around them. The industry has definitely grown with potential in terms of not only generating revenue but also reducing the costs in running a online retail business.

This is helpful due to the fact that not everything can be located in one place, but can be accessed just as easily. Online shopping can also be done at the leisure of a shopper and at any convenience as long as the website is up and running. While shopping online many websites like Future Shop, Best Buy and Home Depot have sections on the website that allow for ratings and reviews of products. This helps online shoppers as it shows their experience with the product and future influence the shopper to buy or to focus on a different product. Online consumers also have the option of receiving new information on products through emails sent by various websites to past visitors or people who have registered with them.

Unlike the brick and mortar stores, the e-commerce websites are able to handle a large number of customers at the same time there by saving on the time a client would spend queuing on store awaiting to be served. The use of payment services, such as PayPal and Skrill, makes online shopping faster and simple. The added security measures helps keep the sites secure, thus improving on customers trust. Challenges and Opportunities in the E-commerce Regulation Issues. Businesses require consistency in regulation to avoid repeated change in decisions.

It includes transactions, order forms, selection of merchandise, warehousing, availability of products, and descriptions of a product. The history of e-business starts with e-commerce, which is interrelated. With changing technology, comes a new definition of existing words. For example e-commerce was originally defined as the facilitation of commercial transactions electronically through electronic data interchange, which would send electronic commercial documents like invoices or purchase orders electronically (Wikipedia). The new definition of e-commerce is the purchase of goods and services over the World Wide Web through secure servers with e-shopping carts and electronic pay services, such as credit card payment authorization services (Wikipedia).