Ecommerce - An Overview of Ecommerce.pptx

Ecommerce - Meaning, Introduction, History, features & Business Models

1. E-COMMERCE

2.  Electronic commerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet but also all other activities which are associated with any transaction.  I t a l s o d e s c r i b e s t h e e x c h a n g e o f d a t a b e t w ee n t h e fi n a n c i n g , b i ll i n g a n d p a y m e n t a s p e c t s o f e - b u s i n e s s transactions.  G e n e r a ll y e - c o mm e r c e a n d e - b u s i n e s s a r e u s e d interchangeably M e a n i n g

3. E-commerce increases the growth of online business. It can be categorized under:  Online marketing  Online advertising  Online sales  Product delivery  Product service  Online billing  Online payments

4. T h e b e g i nn i n g s o f e - c o mm e r c e c a n b e t r a c e d t o t h e 1960 s , when businesses started using Electronic Data Interchange (EDI) to send the commercial documents to other companies l i k e p u r c h a s e o r d e r , i n v o i c e s . E l e c t r o n i c D a t a I n t e r c h a n g e ( E D I ) i s t h e c o m p u t e r - t o - c o m p u t e r exchange of business documents in a standard electronic f o r m a t b e t w ee n b u s i n e s s p a r t n e r s . A m a z o n . c o m w a s o n e o f t h e fi r s t e - c o mm e r c e s i t e s i n t h e U S t o start selling products online and thousands of businesses have followed since H i s t o r y o f E - C o mm e r c e

5.  Ubiquity  G l o b a l R e a c h a n d S e c u r i t y  U n i v e r s a l S t a n d a r d s  I n f o r m a t i o n D en s i t y  Richness  Interactivity F e a t u r e s o f E - C o mm e r c e

6.  Faster buying/selling procedure, as well as easy to find products.  B u y i n g / s e ll i n g 24 / 7 .  M o r e r e a c h t o c u s t o m e r s , t h e r e i s n o t h e o r e t i c a l g e o g r a p h i c limitations.  Low operational costs and better quality of services. No need o f p h y s i c a l c o m p a n y s e t - u p s .  E a s y t o s t a r t a n d m a n a g e a b u s i n e ss .  Customers can easily select products from different providers w i t h o u t m o v i n g a r o u n d p h y s i c a ll y . Advantages of E-commerce

7.  Unable to examine products personally.  Not everyone is connected to the Internet.  There is the possibility of card number theft.  Jurisdiction issues in cyberspace.  It is difficult to ensure the security or privacy on online transactions.  L a c k o f t o u c h o r f ee l o f p r o d u c t s d u r i n g o n l i n e shopping is a drawback Disadvantages of E-commerce