4. Commerce refers to the buying
and selling of goods, services,
and products, typically involving
monetary transaction.
What Is Commerce?
5. Traditional
Commerce
Traditional commerce
refers to the exchange of
goods or services
between buyers and
sellers in a physical
marketplace, such as a
store or market.
This forms of commerce
has been around for
centuries and is still
prevalent today.
6.
7. Evolution
• Commerce has gone through many
journeys until it reached the e-
commerce(Electronic Commerce) stage.
11. IMPACT OF E-COMMERCE ON TRADITIONAL ON RETAIL
BUSINESS;
Comparing
product
options
Changes In
supply
Chain
Opportunities
For Integration
Changing
Consumer
Behavior
Increasing
Competition
Impact of E-
commerce on
traditional Retail
Business