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
Disadvantages, as well as challenges faced, such as, perceptual issues, legal and ethical issues are highlighted as well. Furthermore, some suggestions and recommendations are given to further improve the e-Business site, such as; by adding live chats, keeping your website updated, sending thank you cards, having good photography skills and easy search engines are discussed.“Leadership in telecommunication is essential, since we are now in the age of e-Commerce” – Michael Oxley. In simple words, eBusiness is basically a company conducting business processes via the internet. E-Business involves business processes such as buying or selling goods, providing goods and services, providing customer services, processing payments and etcetera. However, there are some problems encountered in eBusiness.
Today, e-commerce is making the travel industry in to a new competitors, which is reaching millions of travels using the new online travel distribution channels (Heartland,2001) E-commerce knows as Electronic Commerce, is the buying and selling products and services over the internet. The e-commerce also can be definition by: “Electronic commerce is an emerging concept that describes the process of buying and selling or exchanging of products or services and information via computer network including the internet.” (Efraim,2001) 2.1.1 Background of E-commerce E-commerce was first produced in the 1960s, developed in the 1990s, with the computer is developing 30 years, it faster processing speed, growing in processing capacity, prices getting
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.
First things first, before going into the relevance of personalization and customization in e-commerce and their business values, we need to define what is e-commerce? E- commerce is the utilization of the internet and the web in business transactions. (Laudon & Laudon, 2012). Vladimir Zwass, the editor in chief of International Journal of Electronic Commerce, defines electronic commerce as the exchange of business information, maintenance of business relationships and the conduction of business transactions over networks. E-commerce has several applications such as online banking, job searching, direct marketing, online shopping, and various global business undertakings.
E-commerce means an electronic business or any business exchange whether selling or buying goods and services on the internet. It allows consumers or customers to exchange or buy electronically from any place in the world without visiting the actual store; it is much easier than going out for shopping which cost the consumer time, effort and transportation. E-commerce has both impacts positive and negative as well, some risks on the business organizations, and that’s depends on the company strategy. The company should have a very precise and accurate plan before taking risks by entering business scale. There are also some regulations governing the e-commerce and its social implications on society.
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. The various legal and ethical issues in E-Commerce are discussed
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
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.