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E-COMMERCE---@@
1.
CONTENTS--
1. What is E-COMMERCE ?2. Objective of E-COMMERCE.
3. Advantages & Disadvantages of E-C.4. Forces Driving E-C.5. Traditional vs E-C.
6. E-C opportunities for industries.7. E-C Model
What is E-Commerce-
Electronic commerce, commonly known as e-commerce, is a type of industry where 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 mobile commerce, electronic funds transfer, supply chain management, Internet marketing
Example of E-Commerce-
Objectives of E-Commerce--
Company must first choose between paying a service provider to host the site and selfhosting External hosting options Shared hosting, dedicated hosting, and co-location Key elements of electronic commerce software �Catalogs, shopping carts, and transaction processing capabilitie
Commerce service provider (CSP) Used by small enterprises just starting an electronic commerce initiative
If a company already has computing equipment andstaff in place �purchasing a midrange electronic commerce software package provides more control over a site
Large enterprises with high transaction rates need to �invest in larger, more customizable systems
1. FASTER BUYING/SELLING PROCEDURE, AS WELL AS EASY TO FIND PRODUCTS.
2. BUYING/SELLING 24/7.
3. MORE REACH TO CUSTOMERS, THERE IS NO THEORETICAL GEOGRAPHIC LIMITATIONS.
4. LOW OPERATIONAL COSTS AND BETTER QUALITY OF SERVICES.
5. NO NEED OF PHYSICAL COMPANY SET-UPS.
Advantages of E-Commerce--
Some Online Shopping Stores--
Disadvantages of E-Commerce--
1. Any one, good or bad, can easily start a business. And there are many bad sites which eat up customers’ money.2. There is no guarantee of product quality.3. Mechanical failures can cause unpredictable effects on the total processes.4. As there is minimum chance of direct customer to company interactions, customer loyalty is always on a check.5. There are many hackers who look for opportunities, and thus an ecommerce site, service, payment gateways, all are always prone to attack.
Growth of E-Commerce--
TRADITIONAL VS E-COMMERCE
Traditional Commerce-
In addition to buying or selling, firms engage in many other activities that keep them in business. For example, the seller of a product must identify demand, promote its products to potential buyers, accept orders, deliver its product, bill and accept payment for its product, and support its customers' use of its product after the sale. In many cases, sellers will customize or create a product to a customer's specification. These include the buyer and seller.
Example of Traditional Commerce-
E-Commerce--
Firms have used various electronic communications tools to conduct different kinds of business transactions. Banks have use used EFTs to move customers' money around the world, all kinds of businesses use EDI to place orders and send invoices, and retailers have used television advertising to generate telephone orders from the general public for various types of merchandise for many decades.
Example of E-Commerce-
E-C Opportunities for industry--•Global Reach: The net being inherently global, reaching global customers is relatively easy on the net compared to the world of bricks.
•Cost of acquiring, serving and retaining customers. It is relatively cheaper to acquire new customers over the net; thanks to 24 x 7 operations and its global reach.
•Disintermediation: Using the internet, one can directly approach the customers and suppliers, cutting down on the number of levels an in the process, cutting down the costs.
•A technology-based customer interface: In a brick-and-mortar business, customers conduct transactions either face-to-face or over the phone with store clerks, account managers.
E-Commerce Model--e-commerce model, which is a schema for business, processes that shows, in general terms, where the goods and money flow.
Types Of E-Commerce model--Business to Business Ecommerce (B2B Ecommerce)In this type of ecommerce, both participants are businesses. As a result, the volume and value of B2B ecommerce can be huge. An example of business to business ecommerce could be a manufacturer of gadgets sourcing components online.
Business to Consumer Ecommerce (B2C Ecommerce):When we hear the term ecommerce, most people think of B2C ecommerce. That is why a name like Amazon.com pops up in most discussions about ecommerce. Elimination of the need for physical stores is the biggest rationale for business to consumer ecommerce. But the complexity and cost of logistics can be a barrier to B2C ecommerce growth.
Types Of E-Commerce model--Consumer to Business Ecommerce (C2B Ecommerce)On the face of it, C2B ecommerce seems lop-sided. But online commerce has empowered consumers to originate requirements that businesses fulfill. An example of this could be a job board where a consumer places her requirements and multiple companies bid for winning the project. Another example would be a consumer posting his requirements of a holiday package, and various tour operators making offers.
Consumer to Consumer Ecommerce (C2C Ecommerce)The moment you think of C2C ecommerce eBay.com comes to mind. That is because it is the most popular platform that enables consumers to sell to other consumers. Since eBay.com is a business, this form of ecommerce could also be called C2B2C ecommerce (consumer to business to consumer ecommerce).
B2C MODEL-
C2C ,B2B MODEL-
