4. E Commerce
2- It refers to the use of the
Internet and the Web to transact
business between and among
organizations and individuals
1- E commerce is business that
takes place electronically,
generally over the Internet.
5. 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
17. 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.
18. 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.