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Welingkar’s Distance Learning Division
Exploring Electronic Commerce
We Learn – A Continuous Learning Forum
Exploring Electronic Commerce
• E-commerce is
changing every facet
of life
i.e. workplace and
home
• It is changing the
way we
shop, learn, interact
and transact
business
Managing Electronic Commerce- 1
• E-commerce is `any type of
business transaction in
which the parties interact
electronically rather than
by physical exchanges of
documents or direct
meetings amongst officials.’
Managing Electronic Commerce - 2
Characteristics
• Doing business on-line
• No human intervention
needed
• Can be utilized as an
alternative sales channel
• Tremendously flexible
Managing Electronic Commerce- 3
Advantages
• Great way to disseminate
information & work
• Cuts down the channel of
intermediaries
• Cuts down on printing cost
and staff
• Global reach
• Encourages competition
and reduces prices
E- Commerce in India
• No. of computers per
person is too small
• Access to Internet is too
limited
• Credit cards not
commonplace
• No scope for bargaining
• Buying from catalogue
does not trigger desire
E-Commerce
E-commerce is bringing about a paradigm shift
in the world of trading
• Changing every facet of our life
• Growth of internet is the most important
event of this century
• Due to its flexibility anyone can do cyber
business & earn millions
• Doing business is cost effective
• Encourages competitions

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Exploring Electronic Commerce

  • 1. Welingkar’s Distance Learning Division Exploring Electronic Commerce We Learn – A Continuous Learning Forum
  • 2. Exploring Electronic Commerce • E-commerce is changing every facet of life i.e. workplace and home • It is changing the way we shop, learn, interact and transact business
  • 3. Managing Electronic Commerce- 1 • E-commerce is `any type of business transaction in which the parties interact electronically rather than by physical exchanges of documents or direct meetings amongst officials.’
  • 4. Managing Electronic Commerce - 2 Characteristics • Doing business on-line • No human intervention needed • Can be utilized as an alternative sales channel • Tremendously flexible
  • 5. Managing Electronic Commerce- 3 Advantages • Great way to disseminate information & work • Cuts down the channel of intermediaries • Cuts down on printing cost and staff • Global reach • Encourages competition and reduces prices
  • 6. E- Commerce in India • No. of computers per person is too small • Access to Internet is too limited • Credit cards not commonplace • No scope for bargaining • Buying from catalogue does not trigger desire
  • 7. E-Commerce E-commerce is bringing about a paradigm shift in the world of trading • Changing every facet of our life • Growth of internet is the most important event of this century • Due to its flexibility anyone can do cyber business & earn millions • Doing business is cost effective • Encourages competitions