E Commerce Essay

1083 words - 4 pages

1. What is E-Commerce?There exists no exact definition of e-commerce. Generally it is described as any kind of business transaction where information is exchanged electronically.To some people it means shopping at a website and buying products online, to other people it means just designing a web page in a way to increase the customers' interest. It does not necessarily describe a process of ordering and paying online.Electronic trading, in which a supplier provides goods or services to a customer in return for payment is just one special case of electronic commerce.Other equally valid examples include internal transactions within a single companyor provision of information to an external organisation without any charge.E-commerce is concerned with attracting new customers and therefore it involves advertising, public relations and collecting information for and about customers.It's not enough to get an online order for a product, it's also necessary to have this product and to deliver it to the customer. So e-commerce includes, besides of interacting with customers electronically, all the things a "normal" business would also need.Categories of E-CommerceThere are 3 categories of e-commerce:- business-to-business (B2B)- business-to-consumer (B2C)- business-to-administration- consumer-to-administrationAn example in the business-to-business category would be a company thatuses an electronic way for ordering from its suppliers, receiving invoices andmaking payments.The business-to-consumer category means selling things to consumers via Internet. It is the most well-known form of e-commerce.The business-to-administration category covers all transactions between companies and government organisations.The same category exists for consumers and administration, though it is rather seldom.As the B2C category is the most popular one, we will talk about it.Advantages of E-CommerceThe following list describes of what may be the main advantages of e-commerce:- lower transaction costs (if an e-commerce site is organised well, you won't even need any office equipment - however, it is rather seldom)- availability (people from everywhere and at any time of the day can visit your site, get information and put orders)- large quantity of information (a company can build a very large catalogue with a lot of information on the web - just think of Amazon with it's 3 Mio. articles)- providing "up-to-date" information (you can update your site quickly and make important information available in time)- comparing prices and products- quickness (the customers' orders and enquiries can be handled immediately)Disadvantages of E-CommerceThere are a lot of hard aspects about e-commerce as the recent failures in this branche show:- making people to visit your site (getting traffic to come to your web site)- how do you make yourself different from a (large) competition- getting people to buy something at your site (people usually feel VERY uneasy about buying via Internet)- you...

Find Another Essay On E - Commerce

E-commerce Essay

2086 words - 8 pages BUSINESS:A RECOMMENDATION REPORT CONTENTSIntroduction........................................... 3Internet................................................ 3E-commerce.......................................... 4E-commerce Market................................. 5Better strategy........................................ 6How to set up an e-commerce business........... 7Conclusion............................................ 8Cited

E-commerce Essay

512 words - 2 pages Describe major barriers to and the incentives for the development of ecommerce.The advantage that e-commerce will provide is speed. The Internet and the World Wide Web gives opportunities to exchange messages. Even with the slowest connections, doing business electronically is much faster than traditional modes.With the increased speeds of communication, the delivery time is minimized. Also any product can be found for sale on the Internet

E-commerce

2259 words - 9 pages Introduction:As the internet grows in popularity every day, so too does electronic commerce. Electronic commerce, simply put, is the exchange of money for goods and services via electronic means. In other words, electronic commerce is usually when you purchase something off of the internet. Electronic commerce is often referred to as e-commerce, or e-business. In this paper I will be discussing the technical side of e-commerce, security

E-Commerce

5632 words - 23 pages (BY SHAHEEN MOHAMMED)1.0 INTRODUCTIONVietnam has experienced more than one decade of high growth rate and it is estimated to be the second highest GDP growth country this year, just after China. Vietnam has recently implemented the AFTA agreement and it will join WTO in the next several years.Together with this integration and globalization trend, e-commerce now is becoming a hot issue for all business organizations and economic forums in the

E-Commerce

668 words - 3 pages Electronic Commerce has developed so rapidly that is difficult for legislation to keep up. It would not be feasible to have laws governing e-business worldwide. The legal framework for trading online can be unclear. The European Commission proposes to make it the responsibility of the individual member states to determine legal paths. The EU is trying to ensure that e-commerce is adequately regulated and that "e-customers" have the same

E - Commerce

2038 words - 8 pages E - Commerce “E-Commerce", a term so widely and frequently used that it could have various meanings. In our world, E-Commerce has become so widespread that we encounter it in almost every aspect of our lives. Let's take the example of web addresses, open the fridge and you'll see a web address on almost every packaged product. This proves that more and more companies are making it to the web. The Internet has created a new world

E-commerce

2324 words - 9 pages 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

e-commerce

1428 words - 6 pages to Internet. WORLD INTERNET CONNECTIVITY (As of 6/15/95) (http://www.pbs.org/nerds/timeline/network.html) There is another thing that Internet brought us at affordable price: it is electronic commerce (e-commerce). There is no specific definition for what is e-commerce everybody interprets it differently. Some view it as selling products and services on the net others more educated people see it as any networked enabled business practice such as

E-Commerce

1996 words - 8 pages , NY.Leitner, P. and Grechenig, T. (2007), "Next generation shopping: case study research on futureE-commerce models", paper presented at IADIS International Conference e-Commerce.Baird, C.H. and Parasnis, G. (2011), "From social media to social customer relationship management", Strategy & Leadership, Vol. 39 No. 5, pp. 30-37.Karakas, F. and Manisaligil, A. (2012), "Reorienting self-directed learning for the creative digital era", European Journal

E-commerce - 1996 words

1996 words - 8 pages , NY.Leitner, P. and Grechenig, T. (2007), "Next generation shopping: case study research on futureE-commerce models", paper presented at IADIS International Conference e-Commerce.Baird, C.H. and Parasnis, G. (2011), "From social media to social customer relationship management", Strategy & Leadership, Vol. 39 No. 5, pp. 30-37.Karakas, F. and Manisaligil, A. (2012), "Reorienting self-directed learning for the creative digital era", European Journal

Essay on E-commerce

2200 words - 9 pages E - Commerce; a Brief OverviewIn today's unpredictable, ever changing market, where many businesses, from small entrepreneurs to giant corporations, with the help of technology development, have been looking forward for other business alternatives in order to enhance their productivities as well as profitability. The most preferable alternative is by implementing Electronic Commerce as part of their business activities. Firstly, let us define

Similar Essays

E Commerce Essay 840 Words

840 words - 3 pages Every era of business yields new strategies and new ways of doing business. With the introduction of radio and television came the first mass-market advertising. Nowadays the Internet and something known as e-commerce are radically changing the business world gradually. There are some elements of commerce that are necessary for any transactions to take place, which should be available for regular bricks-and-mortar commerce as well as for e

E Commerce Essay 876 Words

876 words - 4 pages The internet, the world’s largest network, connects households, consumers, businesses, and governments in over 100 countries worldwide. It is growing at a fast pace, and consequently e-commerce is growing as fast, because many operations of e-commerce are conducted over the world wide web. E-commerce is conducting commerce electronically without producing paper. It includes buying and purchasing goods and services electronically, for example

E Commerce Essay

1442 words - 6 pages Discuss e-commerce: its development and future perspectives.Electronic commerce or e-commerce is the trade of goods and services over an electronic network, stereotypically the Internet. Here, the products or services are exchanged between buyers, producers and consumers digitally and the money exchange also takes place electronically through e-credit.In 1968 E-commerce started through an electronic interface, which allowed companies to make

E Commerce Essay 2551 Words

2551 words - 10 pages Table of ContentsI. E-Commerce: An IntroductionII. History of E-CommerceIII. Economic ImpactIV. Advantages of E-CommerceV. Disadvantages of E-CommerceVI. The Future of E-CommerceE-Commerce ¡V An IntroductionWith the astonishing growth of the Internet, many companies are finding new and exciting ways to expand upon their business opportunities. There are very few successful companies that do not use computers in their everyday business