In a simple term E-COMMERCE is used for buying and selling products. And transmitting funds or a data over an electronic network which is an Internet. These business Transaction occurs between the different prospectus including Business-to- Business (B2B), Business -to-consumer (B2C), consumer-to-consumer (C2C) and consumer-to-business (C2B). From the research it found that E-commerce is cheaper, more reliable and faster than the traditional system.
E-COMMERCE Portal regulate using variety of applications include shopping carts, e-mail, fax, catalogs, web services, EDI (Electronic Data Interchange), FTP (File Transfer Protocol) etc. this is the part of business-to-business. In which companies have a trends to send an email to consumers and send e-newsletter to subscribers.
E-COMMERCE shares Business Information using following ways:
Electronic Data Exchange (EDI)
The purpose of EDI is , it exchange the documents in a electronic format between different business partners.
Electronic Mail (e-mail)
Electronic Bulletin Boards
A shared file where users can enter information for other users to read or download. Many bulletin boards are set up according to general topics and are accessible throughout a network.
Electronic Fund Transfer (EFT)
Electronic movement of data between banks which results in a value transfer between accounts.
Why E-COMMERCE is useful?
E-COMMERCE is widely used because it has lots of benefits.
1. Faster Service Provider
2. Huge varieties of goods
3. Accessibility
4. Multiple mode of Payment
5. Easy Payment
6. Easy shipping facility
7. International reach
8. More reliable
How reliable the E-commerce?
We can define an E-commerce in a very simple way that is it can be used for selling and purchase product online. E-commerce is very reliable in terms of using it in an easy way. This is the main question that how much reliable E-commerce is in the perception of the new Business? If we are thinking about the both the way then we can easily distinguish it. Traditional E-commerce is actually not much reliable in the way of time consuming and cost redundancy. These two factors can conquer by E-commerce. Which can be more reliable for customers.
What is E-Tailing?
E-Tailing is the part of the Business to consumer transaction. E-Tailing which is called as an Electronic Retailing is the process of selling goods and services through Internet. E-tailing has a no of advantages
Including,
• You can start your business with less Investment
• You can easily interact with your clients
• Easier to build up your business
• You can provide different platform to your Business
Difference between
Traditional Commerce and E-commerce:
No
|
Action
|
Traditional Commerce
|
E-commerce
|
1
|
Product
Information
|
Magazines,
flyers
|
Web
pages
|
2
|
Inventory
and warehouse
|
Phone
|
Online
database
|
3
|
Schedule
delivery
|
Printed
forms
|
Email
|
4
|
Order
|
Fax
|
Email
, EDI
|
5
|
Catalogs
|
Printed
catalogs
|
On-line
catalogs
|
6
|
Receipt
|
Printed
form
|
Email
|
7
|
Invoices
|
Printed
form
|
Email
|
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