E- COMMERCE

Advantages of Online Shopping

> 24 hour Access > Ability to Comparison > The in-home privacy > Variety

Exchange of Goods & Services for Money Consists of:

> Buyers: People with money who want to purchase a good or service. > Sellers: People who offer goods and services. > Producers: People who create the products and services that sellers offers to buy.

Business Applications

> Email > Instant Messaging > Online Shopping and Order tracking > Online Banking > Shopping Cart Software > Teleconferencing > Electronic Tickets

Favorite Websites of Shopping Include

> Event Tickets > Online periodicals subscriptions > Flowers and Gifts > Consumer Electronics > Travel

Benefits of E-commerce to Consumers.

> More Products and Services > Cheaper products and services. > Instant Delivery. > Information Availability.

electronic wallet

a device that identifies you electronically in the same way as the cards you carry in your wallet

E-commerce

E-commerce refers to the process of buying or selling products or services over the Internet. Online shopping is becoming increasingly popular because of speed and ease of use for customers. E-commerce activities such as selling online can be directed at consumers or other businesses.

Benefits Of E- Commerce & Reduce Cost

One of the e-commerce benefits is that it has a lower startup cost.. An e-Commerce business is able to reduce labor and other costs in many areas, including: document preparation, reconciliation, mail preparation, telephone calling, data entry, overtime and supervision expenses. E-Business can help manage operating costs in many areas, thereby reducing the cost of individual transactions.

E-COMMERCE CATEGORIES

Two Major: > Business to Consumer (B2C): online transaction between businesses and individual consumer. >Business to Business (B2B): Business make online transactions with other businesses.

Online Shopping

involves using the internet to buy products and services

Six types of e-commerce

§Business-to-Business (B2B), §Business-to-Consumer (B2C), §Consumer-to-Consumer (C2C), § Consumer-to-Business (C2B), § Business-to-Administration (B2A) § and Consumer-to-Administration (C2A) §and all of them represent a different purchasing dynamic.

Advantages of Ecommerce

§Faster buying/selling procedure, as well as easy to find products. § Buying/selling 24/7. § More reach to customers, there is no theoretical geographic limitations. § Low operational costs and better quality of services. § No need of physical company set-ups. § Easy to start and manage a business.