COMPUTER IN BUSINESS

COMPUTER IN BUSINESS : 

COMPUTER IN BUSINESS

INTRODUCTION : 

INTRODUCTION In the emerging global economy, e-commerce and e-business have increasingly become necessary component of business strategy and a strong catalyst for economic development. The integration of information and communications technology(ICT) in business has revolutionized relationships within organizations and those betweenand among organizations and individuals. Specifically, the use of ICT in business has enhanced productivity, encouraged greater customer participation, and enabled mass CUSTOMISATION.

USES : 

USES There are at least five ways by which the Internet and e-commerce are useful for developing country entrepreneurs: It facilitates the access of artisans47 and SMEs to world markets. It facilitates the promotion and development of tourism of developing countries in a global scale. 3. It facilitates the marketing of agricultural and tropical products in the global market4. It provides avenues for firms in poorer countries to enter into B2B and B2G supply chains. 5. It assists service-providing enterprises in developing countries by allowing them to operate more efficiently and directly provide specific services to customers globally

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What is e-commerce? Electronic commerce or e-commerce refers to a wide range of online business activities for products and services.1 It also pertains to “any form of business transaction in which the parties interact electronically rather than by physical exchanges or direct physical contact.”2

TYPES : 

TYPES What is B2C e-commerce? Business-to-consumer e-commerce, or commerce between companies and consumers, involves customers gathering information; purchasing physical goods (i.e., tangibles such as books or consumer products) or information goods (or goods of electronic material or digitized content, such as software, or e-books); and, for information goods, receiving products over an electronic network.12 It is the second largest and the earliest form of e-commerce

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What is B2G e-commerce? Business-to-government e-commerce or B2G is generally defined as commerce between companies and the public sector. It refers to the use of the Internet for public procurement, licensing procedures, and other government-related operations. This kind of e-commerce has two features: first, the public sector assumes a pilot/leading role in establishing e-commerce; and second, it is assumed that the public sector has the greatest need for making its procurement system more effective.15

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What is B2B e-commerce? B2B e-commerce is simply defined as ecommerce between companies. This is the type of e-commerce that deals with relationships between and among businesses. About 80% of e-commerce is of this type, and most experts predict that B2B ecommerce will continue to grow faster than the B2C segment

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What is C2C e-commerce? Consumer-to-consumer e-commerce or C2C is simply commerce between private individuals or consumers. This type of e-commerce is characterized by the growth of electronic marketplaces and online auctions, particularly in vertical industries where firms/businesses can bid for what they want from among multiple suppliers.16 It perhaps has the greatest potential for developing new markets.

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