subject: Basics Of Ecommerce-business Over The Internet [print this page] E-Commerce defines the process of buying, selling, transferring and exchanging anything online through computer networks. The E-commerce is called in this way too Electronic Commerce, EC and more. There is only a thin line difference between E-Commerce and E-business where E-business accounts for all the properties of E-commerce but it holds within an organization.
This Internet Commerce is seen in different ways when it comes to communication, it is the delivery of information, products, and payments via telephone lines, Internet, Computer networks and any other means.
From the business standpoint, it is application of technology towards the automation of business transactions. Now-a-days it is implemented more in buying and selling goods online.
The E-commerce mainly consists of the following things:
1, Electronic Funds Transfer shortly called as EFT
2, Electronic Data Interchange shortly called as EDI
3, Supply Chain Management
4, Internet marketing
5, online transaction processing
6, Inventory management systems
7. Electronic Retailing also called as Online Retailing or e-tailing
The above all comprises the whole E-commerce in the World Wide Web and we need to check where it is ultimately used and who all the gainers are. To make E-commerce for better understanding below the areas they mainly concentrates.
Types of E-Commerce
1, Business-to-business- It describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer.
2, Business-to-Customer- It describes commerce transactions between the business house and the final consumer
3, Consumer-to-Businesses- It is an electronic commerce business model in which consumers (individuals) offer products and services to companies and the companies pay them
4, Consumer-to-consumer- It is an electronic commerce involves the electronically facilitated transactions between consumers through some third party.
Lets find out the advantages of E-Commerce
1, 24/7/365 you can access and conduct business
2, Lots of offers and opportunity to reduce the cost
3, Easy accessible and different choices to purchase
4, shopping in different ways
5, improved customer relationship
6, Cash on delivery methods
7, secured payment gateway
8, platform independent
The use of E-Commerce has been increasing day by day and it reduces the work of people by a single click.
