2. What is E-Commerce ?
E-Commerce refers to the
buying and selling of
products or services over
electronic systems such as
the Internet and other
computer networks.
However, the term may
refer to more than just
buying and selling products
online.
3. Importance & Usages of E-
Commerce
Improvement of
Business Transaction
Greater Economic
Efficiency
Exploitation of New
Business
etc……
4. Improvement of Business
Transaction
E-
Commerce
is the only
thing which
has
simplified
the
transactions
over the
internet.
Electronic Commerce endeavors to
improve the execution of business
transaction over various networks.
It helps us as there are flexible
modes of payment.
5. Greater Economic Efficiency
We may achieve greater
economic efficiency
(lower cost) and more
rapid exchange (high
speed, accelerated, or
real-time interaction)
with the help of
electronic commerce.
6. Exploitation of New Business
Broadly speaking,
electronic commerce
emphasizes the
generation and
exploitation of new
.business opportunities
and to use popular
phrases: “generate
business value” or “do
more with less”.
9. Impact on markets and retailers
Economists have theorized that e-commerce ought to
lead to intensified price competition, as it increases
consumers' ability to gather information about products
and prices. Research by four economists at the
University of Chicago has found that the growth of online
shopping has also affected industry structure in two
areas that have seen significant growth in e-commerce,
bookshops and travel agencies.