This document outlines an introduction to e-commerce. It defines e-commerce as buying and selling goods or services over the internet. It discusses key features of e-commerce like global reach, richness, interactivity, and information density. It also outlines different internet business models and types of e-commerce transactions like B2B, B2C, and C2C. The document concludes with advantages like lower costs and 24/7 access, and disadvantages such as lack of quality guarantees.
4. ELECTRONIC COMMERCE
E-commerce is the buying and selling
of goods and services, or the
transmitting of funds or data, over an
electronic network, primarily the
internet.
It refers to the use of the Internet and
the Web to transact business between
and among organizations and
individuals.
6. FACTS & STATISTICS
Began in 1995 and grew at an
annual rate of 16 %
Rapid growth led to market bubble
While many companies failed,
many survived with soaring
revenues
E-commerce is the fastest growing
form of retail trade in U.S., Europe,
Asia
19. ADVANTAGES
Faster buying/selling procedure, as well as easy to
find products.
Buying/selling 24/7.
More reach to customers, there is no theoretical
geographic limitations.
Low operational costs and better quality of services.
Customers can easily select products from different
providers without moving around physically.
20. DISADVANTAGES
Any one, good or bad, can easily start a business.
And there are many bad sites which eat up customers’
money.
There is no guarantee of product quality.
Mechanical failures can cause unpredictable effects
on the total processes.