Commerce is important part of a business . In simple words it means commerce is nothing but buying and selling of goods . That means when we buy or sell a product or services to others then it is called commerce.
E-COMMERCE: It can broadly define as the process of buying and selling of goods or services using electronic medium such as ,internet .
2. E-COMMERCE
E-Commerce stands for electronic commerce.
But what is commerce?
Commerce is important part of a business . In simple
words it means commerce is nothing but buying and
selling of goods . That means when we buy or sell a product
or services to others then it is called commerce.
Prof. Pranjali Pandhare
3. Definition:
E-COMMERCE: It can broadly define as the process of
buying and selling of goods or services using electronic
medium such as ,internet .
E commerce is also referred as paper less exchange of
business information using EDI ,Email ,Electronic
fund transfer etc.
Prof. Pranjali Pandhare
5. ADVANTANGES OF E COMMERENCE
1. GLOBAL SCOPE : E- commerce provides the seller with
a global research . Seller and buyer s can meet in virtual
world ,without barriers of places.
2. ELECTRONIC TRANSACTION : E- commerce reduces the
paper work and significantly lower the transaction cost. It
enables the uses of credit cards debit cards smart cards
electronic fund transfer via’s bank’s fund.
3. COST SAVING : e-commerce applications provides users
with more options to compare and select the cheaper and
better option
Prof. Pranjali Pandhare
6. 4. ANYTIME SHOPPING : A customer can shop 24
hrs whenever he wants .
5. NO INTERMEDIARIES : E –commerce allows the
customer and the business to be in touch directly with
any intermediaries.
6. PUBLIC SERVICES: E- commerce helps the
government to deliver public services such as healthcare
education social services at reduced cost and in an
improved manner
Prof. Pranjali Pandhare
7. DISADVANTAGES OF E- COMMERCE
SETUP COST : The setup of hardware and the software, the
employees ,the constant maintenance and upkeep are all
quite expensive
PHYSICAL PRESENCE :The lack of personal touch can be
the disadvantages for many for many types of services and
products like interior designing or the jewelry business
GOODS DELIVERY : some problems can occur related
fulfillment . Even after the order is placed there can be
problems with shipping , delivery ,mix up etc
Prof. Pranjali Pandhare
8. TYPES OF E-COMMERCE
There are 4 types of E-commerce:
1. Business - to – consumers[B2C]
2. Business – to – Business [B2B]
3. Consumers – to – consumer [C2C]
4. Consumers – to - business [C2B]
Prof. Pranjali Pandhare
9. 1. BUSINESS – TO – CONSUMERS :
In B2C model, business sells its products
directly to customer . A customer can view the product
shown in website , they can also purchase if they need .
The website then sends notification business
organization through e- mail and the organization
then dispatch product to the customers .
e.g. Amazon, Flip kart
Prof. Pranjali Pandhare
10. 2.BUSINESS TO BUISNESS :
In B2B model , business sells its products to an
intermediate buyers who then sells the product to the
final customer .
e.g. Tata Communication(network provider),India Mart
Prof. Pranjali Pandhare
11. 3. COSUMERS TO COSUMERS :
In C2C model consumers helps consumer to sell
their assets like residential property car , motorcyles ,etc.
, renting the house by publishing on website .
e.g OLX, Quicker
Prof. Pranjali Pandhare
12. 4. COSUMERS TO BUSINESS:
In c2B model consumers have products or services
to value that can be consumed by businesses.
e.g A blog can be written by an author for a business
to improve sale of products.(ebay)
Prof. Pranjali Pandhare