E-Commerce | defination,propect, features, categories, advantages , disadvantages, features

 

 E-Commerce

 

What is E-commerce?

E-commerce is the transformation of key business process through the use of internet technology.

  (or)

E-commerce is buying and selling activities over digital media.

 

What is propects of E-commerce?

Communication - Information/ Products/ Payments through telephone lines / networks.

Business Process - Automation of process with the application of technology.

Services - Management of service is better that improves quality of goods.

 

 

What is advantages of E-commerce?

Ease of doing business:

  • Buying and selling of goods from home.
  • Anywhere / Anytime transaction.

Efficient pricing:

  • Can look for cheap price for same product.

Supply chain management:

  • Easy
  • Fast

Reach of business:

  • Wide coverage of consumes across cities.
  • EFT [ELectronic Funds Transfer]

 

What is disadvantages of E-commerce?

Security:

  • payment information.
  • personal information.
  • virus / hackrs.

EDI [ Electronic Data Interchange ]

  • Costly for small scale e-commerce.

de-personalize shopping experience:

  • Wide coverage of consumes across cities.

Full fillment problems.

 


Features of E-commerce

UBIQUITY:

  • Appearing everywhere.
  • Mobile, computer.
  • Geographic locations.

Global reach:

  • Buying / Selling of good among distant cities.

Universal standard:

  • Technical media standards.

Information density:

  • Cost of processing lots of information is cheap.

Customization:

  • Customize a product easily.

 

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