2. Also known as , electronic commerce is the process by
which businesses and consumers buy and sell goods
and services through an electronic medium.
What is e-commerce?
3. 💻
History
Electronic commerce emerged in the
early 1990s, and its use has increased at
a rapid rate. Today, the majority of
companies have an online presence. In
fact, having the ability to conduct
business through the Internet has
become a necessity. Everything from
food and clothes to entertainment and
furniture can be purchased online.
5. 💻
Both of these companies allow
consumers to purchase a variety of
goods and services online.
Consumers on these sites typically have numerous
payment options, as well as choices for how their
products are delivered.
eBay also hosts online
auctions.
6.
7. E-commerce and Online shopping are two different
business. An Electronic commerce platform also known
as e-commerce offers a wide range of services to the
customer. ... Whereas, Online Shopping is just limited to
transaction of products that are exclusively
available online in exchange of money.
E-commers vs
online shopping
An Electronic
commerce platform also
known as e-
commerce offers a wide
range of services to the
customer.
Whereas, Online
Shopping is just limited to
transaction of products
that are exclusively
available online in
exchange of money.
9. Business-to-Business
Business to business, where companies sell products
or services to other companies over the Internet.
Example: Intel selling microprocessor to Dell.
10. Business-to- Consumer
Business to consumer in which a business sells
products or services directly to consumers over
the Internet.
Example: Dell selling us laptops
11. Consumer-to-Consumer
Finally, there is consumer to consumer e-
commerce, which is where consumers sell
products to other consumers.
An example would be one consumer selling
something that he or she no longer needs or
wants to another Consumer via a site like
ebay or Amazon
12. Consumer to business electronic commerce
involves consumers selling products or services
to businesses.
A consumer Posts his project within a budget
online and companies review consumer
requirements and bid on the project.
Consumer-to-Business
13. Consumer-to-Administration
The consumer to administration type allows
payments to be transitioned between customers
and administrations such as governments.
Examples of this type of e-commerce would be
taxes, social security, visa and passport services to
name but a few.
15. Advantages
1. Faster buying/selling procedure, as well as easy to find
products.
2. Buying selling 24/7 hours.
3. Reach to customers, there is no theoretical geographic
limitations.
4. Low oprerational costs and better quality of services
5. Easy to start and manage a business.
6. customers can easily select products from different
providers without moving around physically.
16. Disadvantages
1. Anyone, good or bad, can easily start a business. And
there are many bad sites which eat up customers money.
2. There is no guarantee of product quality.
3. Mechanical failures can cause unpredictable effect on the
total processes.
4. As there is minimum chance of direct customer to
company interactions, customer loyalty is always on
check.
5. There are many hackers who look for opportunities, and
thus an e commerce site, service , payment gateways, all
always prone to attack
