Electronic Commerce Electronic commerce (e-Commerce) describes the process of buying, selling, transferring, or exchanging products, services, and/or information through computer networks, principally the Internet (Turban et al., 2004). It is also refers to the process by which commerce is carried out using electronic means to conduct transaction between businesses, customers, individuals etc. Taking place online a person goes to the website of a company or person offering goods and services. Features of E-Commerce With the upgrade from Commerce to E-commerce by offering unique features that aren't in many stores. Theses features include: Ubiquity This is where ecommerce is basically available at all times and is everywhere, whether a …show more content…
For example, as in B2E portal, a company or organization Intranet or Extranet can be customized for each employee. It includes specific information and personalized data such as personal hyperlinks, stock quotes, sports scores and news clips. It could even include a video feed to their children's day care center.2 C2C – Consumer to Consumer This model provides a way for consumers to sell to each other, with the help of an online market maker. It is an Internet-enabled form of historical commerce in the form of barter, flea markets, swap meets, garage/yard sales and the like.1 In other words, consumers sell directly to other consumers. It includes any website where people are brought together to buy, sell, or trade. Online auction such as eBay.com is a perfect example of this business model. Another good example will be Craig-List.com in the USA. B2G – Business to Government As the name implies, there is a form of electronic businesses transactions between businesses and the government. In other words, government buys or provides goods, 15 services, or information to/from businesses or individual citizens. It may also involve transactions regarding various business licensing, legislative issues or reporting requirements. E-Commerce’s Benefits Considered below are the following uses or benefits in which Ecommerce benefit
It has allowed access to limitless information and became a tool that made everyday communication in an instant. Among the many opportunities created by internet is the emergence of electronic commerce (e-Commerce). Online shopping is a development brought by the e-Commerce and progress of internet.
E-commerce is the process of buying and selling of various products and services by businesses through the Internet. Primarily there are five types of ecommerce systems: Business to Consumer (B2C)
E-commerce is short for electronic commerce and refers to purchasing and selling items and services on the Internet via a website. Otherwise called an online store, an E-Commerce website has features that make it easy for customers to browse for items to purchase.
C2C this is carried out between two individuals. This type of e-commerce requires a platform or an intermediary for business transactions.
Electronic Commerce is the process of buying, selling, transferring, or exchanging products, services, and/or information via computer networks, including the Internet. Electronic commerce can also be defined from the following perspective:
E-commerce has become a part of human daily lives whether it is at work or in our personal lives. It is by almost everyone because of the benefits it offers
It is briskly expanding day by day, there are many pros and cons of E commerce, some of them are
Electronic commerce or e-commerce is the buying and selling of products and services via the internet. Nowadays the thought of living without e-commerce seems complicated, unfathomable and inconvenience for many. Internet and the virtual companies are changing traditional economic way and making competition ever fiercer than it has ever been in the past.
As described by Reynolds, E-commerce takes several forms, including business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), and e-government (e-gov). It’s any type of organization, or that includes the transfer of information across the Internet. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. It is currently one of the most important aspects of the Internet to emerge (Reynolds, 2016). While there are multiple factors of e-commerce operation for retail interacting with its customers the three primary benefits are effective customer service, convenience, easy and timely efficient orders.
Our new technology driven society has brought change in many aspects of everyday life, one of the major and most altering advances of this era is the World Wide Web. Through this development the internet has established itself as one of our most used tools of technology, especially when it comes to the ease of using it in the world of business whilst creating one of its fastest growing markets, ecommerce. “Even in categories with relatively unchanged products, companies have leveraged technology to streamline production and create new efficiencies” (Kelly, M., Williams, C. (2018, Page 11). There are many areas in the United States and its markets that had been affected by the web and the spread of ecommerce, I will be touching on online shopping and how businesses have had to change in order to market for ecommerce driven demand, also commenting on the new opportunities in business that have been created in order to sustain demand and supply of ecommerce.
This is the buying of goods and services online, instead of face to face business.
C2C is referring to consumer to consumer, the transaction between the consumer and the consumer. Mainly in the form of the auction on the internet, each site will be the intermediary in dealing. Consumers will agree on the form of payment and delivery will be charged at the web site as a percentage of the bid
"B2B also covers e-commerce of goods, services or information between different companies. Therefore, the Business to Business Marketing a very large part of e-business. Commodity exchanges or wholesale deals can be referred to on the Internet as B2B platforms. In addition to trade in goods and their logistics, warehousing and distribution are also part of this business. Overall, these business relations can be held between manufacturers, suppliers, logistics and distribution companies. Companies that are knowledgeable about this marketing, get a cost advantage as for example the cost of purchase can be saved. Even staff and warehousing can be reduced through the electronic communication channels. Many of these
The consumer would log on to their Internet service provider and point their browser to one of many places depending on their needs. They can read about the product features and benefits, see how it compared to other models in similar price ranges and even see color pictures. If they want to purchase it, they can use their credit card without fear that the numbers will fall into the wrong hands. This is all done in much less time than it takes to just drive to the mall.
Due to technology boost almost all aspects of People’s life style were somehow changed. Nowadays, one of the most important subjects in online world is internet home e-commerce. Generally E-commerce means "buying and selling the products on internet ". E-commerce, also known as Electronic Commerce which refers doing business online that consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks (typically via the Web). It is also called "e-business," "e-tailing" and "I-commerce.