E-COMMERCE

Meaning of E-commerce

It is the purchasing ,selling

and exchanging of goods and

service over computer

networks through which

transaction or term of sale are

performed electronically.

BUSINESS APPLICATIONS

1.email

2.online shopping

3.online banking

4.electronic tickets

5. teleconferencing

Types of commerceBusiness-to-business (B2B)

Business-to-consumer (B2C)

Consumer-to-business (C2B)

Consumer-to-consumer (C2C)

Business-to-business:-Companies doing business with each

other such as manufactures selling to

distributors and wholesalers selling to

retailers. Pricing is based on quantity of

orders and is often negotiable.

Business-to-consumer:-

Business selling to the

general public typically

through catalogs utilizing

shopping card software.

Consumer –to-business:- A consumer posts his project with a set budget

online and with in hours companies review the

consumer’s requirement and bid on the

project.

The consumer review the bids and selects

the company that will complete the project.

Hence, empowers consumer’s around the

world by providing the meeting ground and

platform for the such transactions.

Consumer-to-consumer:-There are many sites offering free classifieds auction, and forum’s where individuals can buy and sell things to online payment system line payable.

Where people can send and receive money online with ease, buy’s auction is a great, e.g. of where person to person transaction take place everyday since 1995.

Concept of e-commerce

Retail spending

Online taxation

Emerging markets

Who stands to gain

Who stand to lose

Advantages of e-

commerce Increase sales

Decrease costs

Reach to global market

Opportunity for customers to compare

goods

No need of physical company setup

Disadvantages of e-

commerce

E-commerce that the internet has still

not touched the lives of a great number

of people, either due to the lack

knowledge or trust.

A large number of people do not use the

internet for any kind of financial

transaction.

E-commerce is that it is not suitable for

perishable commodities.

Conclusion

• E-Commerce refers to all forms of business activitiesacross the internet. This can include E-tailing, B2B,intranets and extranets, online advertising, and simplyonline presence of any form that are used for some typeof communications.• E-Commerce has several advantages anddisadvantages as indicated in these papers.

• E-Commerce applications that are started in early1970’s need to be still developed in terms of securityand efficiency.• For the developing country like our India advancementin e-commerce is a challenge to compete with thedeveloped countries.