Features of E-Commerce | E-commerce Features List

Features of E-Commerce | E-commerce Features List The Article: Features of E-Commerce | E-commerce Features List





E-COMMERCE



Electronic Commerce is the process of doing business electronically.

E-commerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

Electronic commerce is a way of doing business over large electronic networks such as the Internet. Also called e-commerce, electronic commerce greatly facilitates transactions between companies and consumers (B2C), between one company and another (B2B), and between individual consumers (C2C).

What is E-commerce? And Its Advantages | Benefits of E-commerce

E-commerce Features List


Features of E-Commerce
  1. Support
  2. Inventory Management
  3. Communication Improvement
  4. Non-Cash Payment
  5. 24x7 Service Availability
  6. Advertising / Marketing
  7. Improved Sales
E-commerce Features List



Non-Cash Payment:

E-Commerce enables the use of credit cards, debit cards, smart cards, electronic fund transfer via the bank's website and other modes of electronic payment.

24x7 Service Availability:

E-commerce automates business of enterprises and services provided by them to customers are available anytime, anywhere.
Here 24x7 refers to 24 hours of each seven days of a week.

Advertising / Marketing:

E-commerce increases the reach of advertising of products and services of businesses.
It helps in better marketing management of products/services.

Improved Sales:

Using E-Commerce, orders for the products can be generated anytime, anywhere without any human intervention. By this way, dependencies to buy a product reduce at large and sales increases.

Support:

E-Commerce provides various ways to provide pre-sales and post-sales assistance to provide better services to customers.


Inventory Management:

  1. Using E-Commerce, inventory management of products becomes automated.
  2. Reports get generated instantly when required. Product inventory management becomes very efficient and easy to maintain.

Communication Improvement:

E-Commerce provides ways for faster, efficient, reliable communication with customers and partners



Difference between Traditional Commerce and E-Commerce:


E-commerce Features List


Traditional Commerce:


  1. Heavy dependency on information exchange from person to person.
  2. Communication/ transaction is done in a synchronous way. Manual intervention is required for each communication or transaction.
  3. It is difficult to establish and maintain standard practices in traditional commerce.
  4. Communications of business depend upon individual skills.
  5. Unavailability of a uniform platform as traditional commerce depends heavily on personal communication.
  6. No uniform platform for information sharing as it depends heavily on personal communication.


E-Commerce:

  1. Information sharing is made easy via electronic communication channels making the little dependency on person to person information exchange.
  2. Communication or transaction can be done in a synchronous way. Electronics system automatically handles when to pass communication to the required person or do the transactions.
  3. A uniform strategy can be easily established and maintain in e-commerce.
  4. In e-Commerce or Electronic Market, there is no human intervention.
  5. E-Commerce website provides the user with a platform where all information is available at one place.
  6. E-Commerce provides a universal platform to support commercial/business activities across the globe.

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Features of E-Commerce | E-commerce Features List
Features of E-Commerce | E-commerce Features List The Article: Features of E-Commerce | E-commerce Features List
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