Our world is changing everyday. Therefore, the society of economies will never stop its development. In this technology-enabled and networked environment, experts start to realise that business could not only be conducted in the traditional form but also through an electronic medium. As this concept emerges, some entrepreneurs do make attempts by starting up Internet business. It includes purchasing and selling any item over the Internet, electronic fund transfer, Paypals, and all other methods of conducting business over digital networks. With many cases of success and failure, arguments arise from the pros and cons of the e-commerce and traditional business transaction. This led us to think about the form of business transaction would take in the next ten years. This article stands at the side, which it states that e-commerce will not take over traditional business in the next ten years. It will be supported by some reasons to go against the benefits of e-commerce.
The first issue of e-commerce is related to the product and services of a business. There is user resistant
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E-commerce takes a longer time for the goods you ordered to reach than traditional commerce. In traditional commerce, you can go the shop, pay and you will get the desired goods immediately. But in e-commerce, except ordering for food, even the fastest day of the reaching of the good is “Tomorrow”. Think clearly about E-commerce, how inconvenient it is if you experience the following conditions: you need a shampoo now as it ended without your notice; you want to eat a candy now; you need a Panadol now as you experience migraine. Remember, the feelings of desire and wants are always the strongest at the present moment. Needs will not be fulfilled immediately if E-commerce overtake traditional commerce, and the unsatisfactory derived cause the preferences of customers towards the traditional
Introduction Over the past few years, the world has seen a revolutionary metamorphosis in technology. Since the invention of the private computer and integration of the Internet and email, thousands of businesses worldwide boomed in productivity and profits. Technology has been advancing at an ever-growing rate, becoming increasingly important in both enterprises and day-to-day lives. More options become readily available; from the rapid development of new software, hardware, and everything in between, to the immersion of e-commerce, completely remodeling the preceding business structure. Thus, business must learn to adapt to the changes and keep up with this contemporary revolution, shaping their strategy and vision to accommodate to modern day
The most important features linked to a ecommerce solution, is the websites appearance and security setting since many customers are looking to search for consumer products and many will pay for the products and services directly online. This means entering credit card information and bank details which require the ecommerce solution to protect intensely. Ecommerce websites are also under constant
iii) THREE Strengths and THREE Weaknesses of the ebay online websites Nowadays, high-technology and Internet services are around us. We are facing the globalization of the world. Consequently, online marketing company websites has increased day by day such as ebay, Lazada, Amazon and Zalora. Today, we are going to talk about THREE strengths that ebay websites possess which can help its gain competitive advantage among the competitors, differential advantage and delivers high customer value than competitors to attract, retain and grow customers.
As you well know by this point, the internet is an extremely valuable tool in the business world. It gives you a huge consumer base. It allows niche products to find users and customers they wouldn't find otherwise. Plus it almost always results in a boost in sales. A boost in sales means a boost in revenue, and hopefully profit as well.
As example customer need online purchasing platform to make them more effective and efficient purchase. Also prices are set by the central plan and so it can’t use to measure or control on the demand instead rationing often become necessary 3. Lower on stimulating
14 Background The E-commerce industry in today’s scenario is ever-growing.
The above graph representation shows the percentage of population category who opt for online shopping. The general caste population are major customers of online shopping covering 76.7 % of the total population. Followed by OBC category comprising 14% of total population. The SC and ST contribute for 2.7% and 6.7% respectively. It was seen that the general population mostly opt for online shopping because of their changing life style.
The term Internet has evolved into many meanings since its birth and has become an essential tool as a distribution method. The users being consumers and makers are aware of all situations and give them a headed advantage and an increased competition scenario. The development of e-commerce from mere advertisements to websites and applications on mobile has seen a new tail in making, tossing the old school methods for a leap. This also requires understanding of how the consumers of the targeted market approach this new technology over the traditional approach.
INTRODUCTION The Internet has become an important part of the daily life of many people. More and more people are making use of services that are present on the Internet. The Internet has evolved from a basic communication network to an interconnected set of information sources enabling, among other things, new forms of interactions and market places for the sale of services and products. Online banking or advertising are common examples of the commercial aspects of the Internet.
Introduction E-commerce is here to stay. An activity that buyers and sellers carry out online, whether business to business, business to consumer and or consumer to consumer. As well, exploring the use of mobile devices, the benefits of social networks and engaging the customer based on geographical location. Moreover, are essentially known as mobile e-commerce, social e-commerce, and local e-commerce. PayPal demonstrates creativity to improve business transactions since it will enhance the shopping and financial transfer experiences while lowering costs through e-commerce.
Internet Banking has been regarded as the most important way to reduce cost and maintain or enhance services for consumers (Hua, 2009). Internet Banking is an emerging technology that permits conduct of banking transactions through the Internet. By offering Internet Banking services, traditional financial institutions seek to lower operational costs, improve consumer banking services, retain consumers and expand share of customer. It also can improve the efficiency and effectiveness of corporate business processes through elimination of paper work. Internet is the cheapest delivery channel for banking products as it allows the entity to reduce their branch networks and downsize the number of service staff.
Causes According to Amin & Noor (2013), the E-consumers generally refer to the purchaser of goods and services over electronic systems such as Internet and other computer networks. This new group of consumers is increasing in number over the years as on-line shopping become a trend and manifestation of modern life style. Based from the Paynter & Lim (2001), E-commerce would provide consumers with benefits such as interactive communications, fast delivery, and more customization that would only be available for consumers through online shopping. Product information in the Internet is more compact and it ranges from various sites.
Since the beginning of the 1990’s, e-commerce has radically changed consumer behaviour by introducing new retail channels (Ngai and Gunasekaran, 2007). Serious attempts to trade online started to emerge in the mid-1990s wheninnovative, technically savvy companies responded to the opportunities and challenges posed by the internet, to develop sophisticated web sites to serve customers, in their homes (Rayport and Sviokla, 1994). The present retail environment is characterised by new, store and non- store, retailing formats, a wide range of new products, use of new information and communication technologies and consequently, the changing customer needs. Moreover, the dynamic lifestyle conditions of consumers has resulted a change in their personal environment that contributes to a profound change in customer behaviour (Schröder and Zaharia, 2008). Retailing in the 21st century means doing business with customers on their terms (Mathwicket al., 2002).
Online shopping is very important, but in the past people don’t know how to used online shopping. They used traditional shopping or go to malls and shopping. Nowadays when the life is development and people know smart way which is online shopping it is easy and better than traditional shopping. Online shopping is very good because it is economic and least cost. With online shopping you can buy different things from different countries .Online
Online shopping has nowadays become a widely spread way of shopping among people on different continents and in different countries. Its popularity is constantly on the rise considering the spread of Internet technologies and the increasing share of online shops in the retailing business. Online shopping activities are gaining wide spread as far as they tend to provide the consumers with numerous benefits and increase the convenience of buying without leaving the house. The popularity of online shopping grows due to a range of reasons, including its convenience as well as time- and money-saving potential.