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Premium member Presentation Transcript ASSIGNMENT NO. 1 : ASSIGNMENT NO. 1 TOPIC-WHAT IS E-COMMERCE BY VAIBHAV TRIPATHI SECTION-B ROLL NO.- 92 BATCH- WINTER 09-11 E- COMMERCE : E- COMMERCE MEANING-Electronic commerce, commonly known as (electronic marketing) e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. USE OF E- COMMERCE : USE OF E- COMMERCE Business applications Some common applications related to electronic commerce are the following: Email Enterprise content management Instant messaging Newsgroups Online shopping and order tracking Online banking Online office suites Domestic and international payment systems Shopping cart software Teleconferencing Electronic tickets Slide 4: BENEFITS OF E-COMMERCE The benefits of e-commerce are as follows: The internet is ubiquitous, accessible and low cost. E-Commerce can be accessed through diverse form of technology (computer PDA’s, mobile phones, digital TV. and kiosk ) The time to market is shortened. Existing card payment can be adapted. Significant opportunities for rationalizing operation and downsizing. No geographical constraints. Middleman can be eliminated from the supply chain. Transaction cost can be substantially reduced. Slide 5: Timeline: 1979: Online shopping was invented in the UK by Michael Aldrich. 1982: Minitel was introduced nationwide in France by France Telecom and used for online ordering. 1987: Swreg begins to provide software and shareware authors means to sell their products online through an electronic Merchant account. 1990: Tim Berners-Lee writes the first web browser, WorldWideWeb, using a NeXT computer. 1992: J.H. Snider and Terra Ziporyn publish Future Shop: How New Technologies Will Change the Way We Shop and What We Buy. St. Martin's Press. ISBN 0312063598. . Slide 6: 1994: Netscape releases the Navigator browser in October under the code name Mozilla. Pizza Hut offers pizza ordering on its Web page. The first online bank opens. Attempts to offer flower delivery and magazine subscriptions online. Adult materials also become commercially available, as do cars and bikes. Netscape 1.0 is introduced in late 1994 SSL encryption that made transactions secure. 1995: Jeff Bezos launches Amazon.com and the first commercial-free 24 hour, internet-only radio stations, Radio HK and NetRadio start broadcasting. Dell and Cisco begin to aggressively use Internet for commercial transactions. eBay is founded by computer programmer Pierre Omidyar as AuctionWeb Slide 7: 1998: Electronic postal stamps can be purchased and downloaded for printing from the Web. 1999: Business.com sold for US $7.5 million to eCompanies, which was purchased in 1997 for US $149,000. The peer-to-peer filesharing software Napster launches. ATG Stores launches to sell decorative items for the home online. 2000: The dot-com bust. 2002: eBay acquires PayPal for $1.5 billion . Niche retail companies CSN Stores and NetShops are founded with the concept of selling products through several targeted domains, rather than a central portal. 2003: Amazon.com posts first yearly profit. Slide 8: 2007: Business.com acquired by R.H. Donnelley for $345 million. 2008: US e-Commerce and Online Retail sales projected to reach $204 billion, an increase of 17 percent over 2007. 2009: An area of e-commerce has become the major area of concern for many organization. Many organization are finding it profitable way of selling their product and services. Classification of e- commerce : Classification of e- commerce E-commerce can be classified according to the transaction pattern such as business to business, business to consumer , business to government, Consumer to consumer and consumer to business. RAW MATERIAL PRODUCER MANUFACTURER DISRIBUTOR RETAILER CONSUMER B2B B2C RELATIONSHIP BETWEEN B2B AND B2C. SUMMARY OF E- BUSINESS TRANSACTION MODEL : SUMMARY OF E- BUSINESS TRANSACTION MODEL Disadvantage of e- commerce : Disadvantage of e- commerce Some business process may never lend themselves to electronic commerce. for example- perishable goods and high cost items (such as jewellery, antiques etc) Many firms have had trouble in recruiting and retaining employees with technological, design, and business process skills needed to create an effective e- commerce atmosphere. In addition to technology and software issues, many business face cultural and legal obstacles in conducting e- commerce. Some consumer are still somewhat fearful of sending their credit card numbers over the internet. THANK U AND HAVE A NICE DAY : THANK U AND HAVE A NICE DAY You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.