e commerce.pptx
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E-commerce involves buying and selling of goods and services online. It uses computer networks and the internet to facilitate transactions between businesses and consumers. Some key advantages of e-commerce include low setup costs, no geographical boundaries, flexible business hours, and lower marketing costs compared to traditional brick-and-mortar stores. E-commerce is a growing sector in India that is expected to increase its contribution to GDP significantly by 2030.
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Impact of E-Commerce.pptx
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- 2. INTRODUCTION TO E-COMMERCE Ecommerce is a method of buying and selling goods and services online. The definition of ecommerce business can also include tactics like affiliate marketing. You can use ecommerce channels such as your own website, an established selling website like Amazon, or social media to drive online sales.
- 3. DEFINITION Greatner Group Design E-commerce :- Electronic Communication among enterprises , including Customer, supplier,business partners,Government organizations,and Financial institutions. Electronic commerce, in a broad sense, is the use of computer networks to improve organizational performance. Increasing profitability, gaining market share, improving customer service, and delivering products faster are some of the organizational performance gains possible with electronic commerce.
- 5. FEATURES OF ONLINE BUSINESS It is easy to set up There are no geographical boundaries Much cheaper than traditional business There are flexible business hours Marketing strategies cost less Online business receive subsidies from the government There are a few security and integrity issues There is no personal touch
- 9. INDIAN ECONOMY E-Commerce is a growing sector in India. Just like the growth of IT industry in India through the 1990s, the 2010s will be remembered for the growth in the E- Commerce industry. In its present state the contribution of E-Commerce to GDP is around 0.2% which is expected to grow 15 times to around 2.5% by 2030. The impact is so huge that the present wave of de- monetisation could have not been thought if E- Commerce did not exist. E-Commerce to a large extent helped absorb its shock as well as gained the maximum out of it as well.
- 10. CONCLUSION In general, today’s businesses must always strive to create the next best thing that consumers will want because consumers continue to desire their products, services etc. to continuously be better, faster, and cheaper. In this world of new technology, businesses need to accommodate to the new types of consumer needs and trends because it will prove to be vital to their business’ success and survival. E-commerce is continuously progressing and is becoming more and more important to businesses as technology continues to advance and is something that should be taken advantage of and implemented.