e-commerce. definition of e-commerce it is the purchasing, selling and exchanging of goods and...

E-COMMERCE

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E-COMMERCE

Definition of E-commerce

It is the purchasing, selling and exchanging of goods and services over computer networks through which transactions or terms of sale are performed electronically.

Business Applications

emailonline shoppingonline bankingelectronic ticketsteleconferencing

Page 4: E-COMMERCE. Definition of E-commerce It is the purchasing, selling and exchanging of goods and services over computer networks through which transactions

Advantages of e-commerce

Increased salesDecreased costsReach to global marketOpportunity for customers to compare goodsNo need of physical company setup

Page 5: E-COMMERCE. Definition of E-commerce It is the purchasing, selling and exchanging of goods and services over computer networks through which transactions

Disadvantages of e-commerce

The internet has still not touched the lives of a great number of people, either due to the lack knowlegde or trust.

Security of funds. It is not suitable for perishable commodities.

Page 6: E-COMMERCE. Definition of E-commerce It is the purchasing, selling and exchanging of goods and services over computer networks through which transactions

Other Challenges

Retraining of traditional sales people who may lose their job.

Money laundering

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