Electronic Commerce

 

Electronic Commerce

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Electronic Commerce

The development of pc era and net, domestic in addition to worldwide businesses are being interested closer to those technology. Today, maximum of the small or big companies and home or international companies offer their products and services through Internet.

The business organizations nowadays have appealing and interactive website via which they promote and marketplace their business.

The facility of pc based technology and Internet collectively integrates the fragmented markets via offering them a not unusual arena. Technology has similarly helped agencies in value slicing and has also helped lessen the fee of services and products.

Electronic Commerce

Technology allows customers in shopping for products or services of their requirement via sitting at home or any place.

What is Electronic Commerce?

Electronic commerce or without a doubt ecommerce is commonly a technique that includes facilitating the provision of services and products online. The customers can seek, pick out, sell, buy from a huge range of options via Internet.

The important activities of ecommerce are as follows −

Selling services and products online (via net)

Buying products and services on-line

Paying and accepting fee on-line

Transaction of corporations and other offerings online

Features of E-Commerce

Following are the critical capabilities of ecommerce −

It effectively will increase the commercial enterprise capability.

It significantly reduces the cost.

It perceptively will increase the transport services.

It unbreakable solution of short enterprise transactions and office automation.

It probably increases the intra-commercial enterprise capability.

It adequately increases the commercial enterprise verbal exchange.

Types of E-Commerce

Following are the most important forms of e-trade businesses −

Business-to-Business (B2B)

It is conducted between two commercial enterprise corporations.

Business-to-Consumer (B2C)

It is carried out among the enterprise company and the patron.

Consumer-to-Consumer (C2C)

Consumer-to-patron business deals happen among two clients; there are sure websites that facilitate a not unusual platform to each the clients - one that desires to buy and person who wants to promote.

Benefits of E-Commerce

Let us now talk the advantages of e-commerce −

It enables loose marketplace.

It is available 24×7.

Its presence is global (there's no constrain of political boundary as such).

Set up fee is considerably low.

It offers user-pleasant generation.

It gives a couple of possibility parallel and simultaneously.

It provides frugal centers to sell and marketplace companies.

It has features to provide marketplace research facility.

It makes customer members of the family control easier.

It helps the provision of 24×7 purchaser care services.

It provides fund transfer facility domestically as well as across the world with easy steps.