4. Commonly known as Electronic Marketing.
“It consist of buying and selling goods and services over
an electronic systems Such as the internet and other
computer networks.”
“E-commerce is the purchasing, selling and exchanging
goods and services over computer networks (internet)
through which transaction or terms of sale are performed
Electronically.
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5. LOW ENTRY COST.
REDUCES TRANSACTION COSTS.
ACCESS TO THE GLOBAL MARKET.
SECURE MARKET SHARE.
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6. There are 5 common types of E-commerce:
•Consumer to business E-commerce
•Business to business E-commerce
•Business to consumer E-commerce, also
called online shopping
•Consumer to consumer E-commerce
•Intra organizational E-commerce
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7. It can help increase profits; it can increase sales and decrease costs.
It can help organizations do business 7 days a week and 24 hours a
day.
It can help organizations have customers all around the globe and not
be limited to a specific region.
It helps organizations identify new suppliers, partners and customers.
It increases flexibility and ease of shopping for the customer.
It can help in low operational cost.
It can provide personalized product and customer customization.
Shoppers are given a broader range of products to choose from online
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8. The buyer cannot touch or feel the product online.
The customer has to wait for delivery of their product.
Perishable goods bought online can get spoiled during
delivery.
It is difficult to know when an online site is safe to
use.
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9. In 2009 Bangladesh bank approved online payment and in
2013 the bank approved the use of Debit and Credit card for
online payment. The growth of the industry has been
inhibited by low usage of credit and debit card, and the
unavailability of PayPal. In 2016 the government of
Bangladesh opened e commerce sites for every district in the
country. The same year, FBCCI recommended removal of
tax on e commerce. To win the next wave of online
shoppers, e-commerce platforms in Bangladesh needs to
ensure high quality products, on-time delivery and better
after sales services.
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