e-commerce

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Good Morning!!! 

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E-COMMERCE

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Electronic commerce It is also known as e-commerce and refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks . In other words, it may refer to more than just buying and selling products online. It also includes the entire online process of developing, marketing, selling, delivering, servicing and paying for products and services. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage.

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The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer , supply chain management , Internet marketing , online transaction processing , electronic data interchange (EDI), inventory management systems, and automated data collection systems.

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Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail , mobile devices and telephones as well. A large percentage of electronic commerce is conducted entirely in electronic form for virtual items such as access to premium content on a website, but mostly electronic commerce involves the transportation of physical items in some way. Online retailers are sometimes known as e- tailers and online retail is sometimes known as e-tail . Almost all big retailers are now electronically present on the World Wide Web .

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Three types of E-commerce Systems: Business-to-business-(B2B)- can be open to all interested parties (e.g. commodity exchange ) or limited to specific, pre-qualified participants ( private electronic market ) Consumer-to-consumer(C2C)-

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Business-to-consumer(B2C)- a system business sells goods or services to consumers, or members of the general public. This kind of E-commerce system essentially removes the middlemen and often even the need for a physical(“bricks-and-mortar”) store. Examples of B2C systems are those of Amazon.com and Barnes and Noble .com, as well as many financial institutions and the U.S. government.

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ADVANTAGES AND DISADVANTAGES OF ECOMMERCE The invention of faster internet connectivity and powerful online tools has resulted in a new commerce arena – Ecommerce. Ecommerce offered many advantages to companies and customers but it also caused many problems. CHARITY J. MANALO

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ADVANTAGES OF ECOMMERCE Faster buying/selling procedure, as well as easy to find products. Buying/selling 24/7. More reach to customers, there is no theoretical geographic limitations. Low operational costs and better quality of services. No need of physical company set-ups. Easy to start and manage a business. Customers can easily select products from different providers without moving around physically. CHARITY J. MANALO

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DISADVANTAGES OF ECOMMERCE Any one, good or bad, can easily start a business. And there are many bad sites which eat up customers’ money. There is no guarantee of product quality. Mechanical failures can cause unpredictable effects on the total processes. As there is minimum chance of direct customer to company interactions, customer loyalty is always on a check. There are many hackers who look for opportunities, and thus an ecommerce site, service, payment gateways, all are always prone to attack. CHARITY J. MANALO

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CHARITY J. MANALO

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CHARITY J. MANALO

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CHARITY J. MANALO

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CHARITY J. MANALO Thank you!!!!