Ask a question The term Electronic commerce or e-Commerce refers to the use of an electronic medium to carry out commercial transactions. Most of the time, it refers to the sale of products via Internet, but the term eCommerce also covers purchasing mechanisms via Internet for B-To-B. Explaining e-Commerce A client who purchases on the Internet is called a cyberconsumer. E-Commerce is not only limited to online sales, but also covers:
Since long ago, all alluring materials around have taken an exodus to the world of internet. No often do we now think of taking a stroll through the market before buying a mobile handset, but a healthy online research which in some cases is consequently followed by an online purchase.
The scenario is not limited to mobiles alone. It covers a wide range of products like home appliances, consumer electronic goods, books, apparels, travelling packages etc and even the electronic content itself.
E Commerce stands for electronic commerce and caters to trading in goods and services through the electronic medium such as internet, mobile or any other computer network.
With the growing use of internet worldwide, Electronic Data Interchange EDI has also increased in humungous amounts and so has flourished e-commerce with the prolific virtual internet bazaar inside the digital world which is righty termed as e-malls. We now have access to almost every knick-knack of our daily lives at competitive prices on the internet.
No matter one is educated or illiterate, an urbane or a countryman, in India or in U. K; all you need is an internet connection and a green bank account. With e-commerce then, you can buy almost anything you wish for without actually touching the product physically and inquiring the salesman n number of times before placing the final order.
Here is a beautiful picture depicting how has human life evolved to adapt to Introduction of e commerce digital world and hence trading over the internet. As seen, from pizza and potted plant to pair of shoes, we have everything on sale on the internet available in tempting offers.!!
But the concept of online trading of goods was first witnessed much later with the dawn of InJeff Bezos; an American businessman started his e-commerce website Cadabra. Amazon was the first online firm to execute secured online transactions.
Running successfully, round-the-clock sincesurprisingly Amazon recorded its first profit in the year only. Dell Inc emerged as the first company ever to record sales in millions of dollars in It was also the first company to sell large number of assembled computers online.
It is popularly known for its successful business model and in the yearit was listed as the 34th largest company in the Fortune list. Types Types of E-Commerce Divulging the types of e-commerce requires throwing some light on the narrow line of distinction between e-commerce and e-business on the first hand.
It concentrates on adding customer value by using digital media. E-Commerce can be classified into the following categories: The product may then be sold to the consumer by any of the organization under its brand name.
For example, a car manufacturer may purchase some of its accessories from another company and then sell the finished product to its customers. Another, direct specimen is HP and Intel. HP computers are integrated with processors made by Intel. A majority of such deals occurs over the internet.
A lot of revenue in e-commerce is garnered from B2B type of internet commerce. It is commerce between businesses and consumers. It is more commonly known as online retailing and involves customers purchasing goods and services online.
B2C e-commerce has facilitated a click and drag online store in place of the conventional brick and mortar retailing stores. Consumers can now easily compare various features offered by different brands over the same product and add genuineness to their decision.
In addition to this, we also have some good online reviewers like rotten tomatoes, top10reviews, etc, that provides online reviews for various products and services and helps consumers in making a best buy both online as well as offline.
When the commerce takes place between companies and some government organization, it is called as business-to-government commerce. These types of transactions are usually undertaken in public interest in order to make the system more transparent and fidel.
C2C transactions bear an analogy with the traditional trading methods corresponding to classified ads, auctions and other vertical industries. The consumer commerce over online bazaar helps buyers to negotiate and buy at a selective price.
Cellular telephones, tablets, personal digital assistants and other handheld devices are used for m-commerce. This imminent source of electronic commerce facilitates a faster, cheaper, easily accessible and more secure method for exchange of goods and services.
Framework Conceptual Framework Internet economy is a broader term which includes both e-commerce and e-business. There are various elements governing the process of online trading of goods and services.In the emerging global economy, e-commerce and e-business have increasingly become a necessary component of business strategy and a strong catalyst for economic development.
The integration of information and communications technology (ICT) in business has revolutionized relationships within. · B2B e-commerce - B2B or business-to-business is the type of e-commerce in which the trading takes place between two businesses or organizations/companies without the involvement of consumer.
The product may then be sold to the consumer by any of the organization under its brand name. Introduction to E-Commerce and Types of E-Commerce Multimedia Fundamentals | 0 comments In this article we will discuss all the aspects of E-Commerce, a brief introduction to E-Commerce and Types of E-Commerce and various technologies of Microsoft used for E-Commerce.
E-Commerce: An Introduction. Two years ago, the sum total of knowledge about e-commerce could be contained in one bucket of bits. Two years from now, one might float on .
M-commerce is the application of current and emerging information and communication technology that includes landline telephone, fax, mobile phone, electronic mail and other internet-based. The term Electronic commerce (or e-Commerce) refers to the use of an electronic medium to carry out commercial transactions.
Most of the time, it refers to the sale of products via Internet, but the term eCommerce also covers purchasing mechanisms via Internet (for B-To-B).