E-Commerce

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E-Commerce Electronic commerce ,is the buying and selling of product or service over electronic systems such as the Internet and other computer networks. Electronic commerce draws on such technologies as electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange ,inventory management systems, and automated data collection systems. 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.

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E-commerce ‘Electronic commerce is sharing business information, maintaining business relationships and conducting business transactions by means of telecommunications.

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E-commerce Ecommerce is an important part of doing business on the Internet, and since there are so many people now engaged in some kind of online business, quite a number of management firms have now been created. A business owner can order software from these companies that will provide assistance and ideas.

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E-commerce Advantages of E-COMMERCE Faster Buying and selling takes place without visiting to any shops. The transaction costs go down tremendously in a well set up site. The company saves on the costs of the people needed to interact with the customers, demonstrate the wares time and again, and take orders. All this gets automated online . Small and large firms alike have the opportunity to set-up and conduct business on the internet. The barriers to entry to the  e-commerce are miniscule. An inexpensive advertising medium for organizations, it allows organizations an opportunity for publicizing their products and services at minimal cost. Facilities such as being able to compare costs of several stores at the same time, keep a tab on your selections, the flexibility of being able to add, remove, and even come back later to carry on choosing instead of closing the deal in one online session itself are quite convenient to a customer

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E-COMMERCE D isadvantages of E-COMMERCE Any one, good or bad, can easily start a business. And there are many bad sites which eat up customers’ money . There are many hackers who look for opportunities, and thus an ecommerce site, service, payment gateways, all are always prone to attack . You cannot touch the febric of the garment you want to buy. You cannot check how the shoe feels on your feet. You cannot "test" the perfume that you want to buy. So you do not have any idea. When making an online purchase, you have to provide at least your credit card information and mailing address. In many cases, ecommerce websites are able to harvest other information about your online behavior and preferences. This could lead to credit card fraud, or worse, identity theft.

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