Literature Review Of Ecommerce

2.1 INDUSTRY PROFILE

The Electronic Commerce, or E-commerce, industry is one of the most enlightened sectors of the economy. The industry is growing very rapidly, so data collection and estimation are particularly difficult. Therefore, one has to rely largely on research by both government and private oraganisation.

According to the U.S. Survey Department, manufacturing sector is the largest supplier to e-commerce sales which has 47.4% of their total shipments, followed by vendors which is having 28.6% of their total sales. These two sectors make the business-to-business groups. Electronic commerce is generally considered to be the sales feature of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of business transactions. This is an active and resourceful way of communicating within an organization and one of the most operative and useful ways of leading business.

E-commerce today gained so much popularity because its essential technologies are worked out at huge steps. We are even offered to feel the product to better understand its shape, size and quality. In these benefits why to go out somewhere else when all you have to do is make an order, choose the delivery method, put up your feet and wait till the order is supplied right to your door-step.

E-commerce today offers so much extra benefits that even conventional stores have already waved the alarm. Even though, everyone agrees that it is a long