E-commerce is not the process of buying and selling but as well providing service for customers and collaboration within business partners and conducting electronic transaction within an organisation-commerce has been beneficial for many organisation in term less of paper work, efficiency to integrate purchasing and ordering system, eliminate administrative tasks, provide service 24 hours and 365 days a years and ease commination with customers by using email, telephone or fax. There are transparency at every stage of transaction like negotiation in price, reduced time to market, reduce cost, create transparency amongst suppliers and facilitate reintermediation e-commerce can be differentiate into different type of businesses business to buisness,this electronic transaction occur between organisation .business to consumers, transaction between retailers and customers and customers to customers business. A customer can sell its product directly to other customers. The E-business is an important concept in utilizing the internet to build a collaborative relationship between supply members. However E-commerce has major impact on the supply chain due to high flow of interaction between suppliers' and customers.
This means customers will be harder to win, easier to lose and fussier on price and user experience. To avoid falling behind the ever more fierce competition, you will need to both be aware of and benefit from the latest trends in e-commerce. In the broad meaning electronic commerce is a means of conducting business using one of many electronic methods, usually involving internet, computers or both. E-Commerce is not about the technology itself, it is about doing business using the technology. It is an electronic business application and involves electronic fund transfer, supply chain management, online transaction processing, e-marketing, corporate purchasing, value chain integrations
The eCommerce business model is being embraced by more enterprises every day. This has opened the business world to more possibilities. And it is essential to have your business enabled for online transactions. There are several options and criteria to be mindful of when choosing such a solution. Now this can be a daunting task.
Customers may feel awry of inputting their personal details into e-commerce website as they may be afraid of issues such as identity theft or fraud and even their purchased items not being delivered to them. Moreover, when it comes to accessing quality and fit without actual product, customers may feel that not being able to try their purchased items such as clothing may be an issue as they would be unsure if the piece of clothing would fit them. This goes the same for products like food; some customers would prefer to view their products before buying them. Further drawbacks could be reliance on deliver services. As customers place their orders online and expect their goods to be delivered, they have to rely on the delivery service.
Ecommerce allows consumers to exchange goods and services electronically with no barriers of time or distance. E-commerce is the marketing, buying and selling of merchandise or services over the Internet. It is currently one of the most important aspects of the Internet to emerge. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. The biggest advantage of E-Commerce is the ability to provide secure shopping transactions via the internet and coupled with almost instant verification and validation of credit card transactions.
E-commerce which is considered to be the ways where a large number of products are bought and sold online has become one of the main and popular methods that are being used widely nowadays. This mainly allows a large number of individuals around the whole world to obtain products as per their wish. Since anyone around the world has the ability of accessing products, there can be both advantages as well as disadvantages that will affect the society. A few of them are being described below. Negative impacts of e-commerce to the society 1.
The commercial use of the Internet, propelled by the W WW, since 1993, has defined the new E-commerce. Contemporary E-commerce is a convergence of several major information technologies (IT) and business practices. Technologies driving modern E-commerce include computer networking and telecommunications; client/server computing; multimedia (especially hypermedia); information retrieval systems; EDI; message handling and workflow management systems; groupware and electronic meeting systems; and public-key cryptography. All the major computer and telecommunications technologies and database management in
E-commerce, by empowering the customer, has been strategically redefining business. An example of C2B model of e-commerce is the site Price line.Com, which allows prospective airline travellers, tourists in need of hotel reservations etc. to visit its websites and indicate their preferred price for travel between any two cities. If an airline is willing to issue a ticket on the customers offered price, the consumer can then travel to the mentioned destination at his terms.
While website is one of the common tools using by community, e-business is just a web presence. This tools was helping the owner to decrease the workload and help them work smarter and no harder to get the same result at the outcome There are 6 basic types of e-commerce which is existed in 21th century. (Fernandes, 2014) First is business-to-customer. This means that online business selling to individual consumer. The owner using promotions as tools for attract the consumer.