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What is e – commerce? What are its characteristic?

What is e – commerce? What are its characteristic?

The term commerce is define as trading of good & services or if ‗e‘ for ‗electronic‘  is added to this, the definition of e – commerce is defined as trading of goods, services, information or anything else of value between two entities over the  internet.   Following are some definitions of e – commerce:-   1. It is the ability ... Read More »

What are advantage of e – commerce ?

What are advantage of e – commerce ?

Advantage of e – commerce:-   Facilitates the globalization of business:-e – commerce facilitates the globalization of business by providing some economical access to distant markets and by supporting new opportunities for firms to increase economies by distributing their products internationally. Provides increased purchasing opportunities for the buyer:-As e – commerce increases sales opportunities for the seller, it also increases purchasing ... Read More »

What are the limitations of e-commerce?

What are the limitations of e-commerce?

Limitations of e – commerce:- 1. Security:- the security risk in e – commerce can be client / server risk data transfer and transaction risk virus risk   2. High start up cost:- The various components of cost involved with e – commerce are:- connection:- connection cost to the internet hardware / software:- this includes cost of sophisticated computer, moduer, routers, ... Read More »

What is E-commerce? Explain its types.

What is E-commerce? Explain its types.

“Most people think that e-commerce means online shopping, but web shopping is only a small part of the e-commerce picture.” (Weiss, 1997) E-commerce is a broad term describing the electronic exchange of business data between two or more organisation computers. Some examples might be the electronic filing of your income tax return, on-line services like Prodigy, and on-line billing for ... Read More »

difference between traditional commerce and e–commerce

difference between traditional commerce and e–commerce

difference between traditional commerce and e–commerce   Difference between traditional commerce and e-commerce : Traditional Commerce E- Commerce Customer can easily identify & authenticate a merchant by seeing directly to him. It is not easy in this case Customers can directly talk to merchant.Communication in the hands of a third party. Customer can only see the representation & can only ... Read More »

History of E-commerce

History of E-commerce

History of E-commerce   Electronic commerce was built on a foundation that was started more than 125 years ago with Western Union’s money transfer as an example of telegraph technology. In the early 1900 the advent of credit cards as a payment system revolutionised the process of automated commerce functions. In the mid 80’s the introduction of the ATM card ... Read More »

E-Commerce and Marketing

E-Commerce and Marketing

E-Commerce and Marketing    To ensure that the millions of organisational websites achieve maximum exposure, there is an urgent need to advertise their products via links on the Internet. There are number of ways that users can obtain information about the various products available from each individual organisation. One way is to use the Search Engines. It is vital that ... Read More »

Future of E-commerce

Future of E-commerce

Future of E-commerce   Rest assured the future of e-commerce is intact and ever changing. “Like electricity, antibiotics, or the car, the Internet is a verolutionary technology. “(France, 1999) It is quite evident that e-commerce is only gaining speed. With Internet traffic doubling every 100 days the digital economy is alive and growing. The huge growth of virtual communities are ... Read More »

What is payment gateway ?

What is payment gateway ?

What is payment gateway ?   Payment gateway are server based transaction processing system which enclose business to authorize, process, and manage credit card transaction securely in a real time. It act as an intermediate between merchant shopping cart and all financial network involved with transaction.   What are the areas of e-commerce? The areas of e-commerce are   1)EDI ... Read More »

what is trade cycle?

what is trade cycle?

What is trade cycle?     It is the series of exchanges, between a customer and supplier, that take place when a commercial exchange is executed. A general trade cycle consists of:   Pre-Sales: Finding a supplier and agreeing the terms. Execution: Selecting goods and taking delivery. Settlement: Invoice (if any) and payment. After-Sales: Following up complaints or providing maintenance.   For business-to-business ... Read More »

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