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

What is E commerce And Its Advantages The Article- What is E commerce And Its Advantage


Electronic Commerce is the process of doing business electronically
Ecommerce, 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.

What is E commerce And Its Advantages

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 the purpose of e commerce?

E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.

Online Commerce started with the invention of Electronic Data Interchange (EDI), a form of electronic commerce, which deals with the electronic transmission of preformatted business transaction documents.

E-Commerce is not a single technology but a combination of sophisticated technologies and business services integrated to provide instant transaction and response to consumer.

  • E-Commerce is a collection of technologies, processes and strategies.
  • E-Commerce is a business anywhere around the world at any time.
  • E-Commerce has become very popular after invention of Internet.

E-Commerce with Internet has many benefits like.

What is E commerce And Its Advantages

  1. Lower cost of Operation
  2. Better Interaction with consumer.
  3. Business at any time.
  4. Personal Solution to consumer.
  5. Instant transaction for Business.
  6. Instant response and status of delivery for consumer and World Wide reach etc.
  7. Provide updated information
  8. Paper less transaction
  9. Services can be setup anywhere.
  10. Availability of business services all around the world.
  11. Online Inventory management
  12. Creation of new markets without incurring large cost
  13. Reduced advertising cost
  14. There are some problems areas of E-Commerce, like:.
  15. Security problems for data and payments
  16. False claim of organisation to customer.
  17. Virtual presence of goods on net do not assure that actual goods would also be same
  18. Payment modes are risky like payments through credit card etc.

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NEtechy: What is E commerce ? And Its Advantages | Benefits of E commerce
What is E commerce ? And Its Advantages | Benefits of E commerce
What is E commerce And Its Advantages The Article- What is E commerce And Its Advantage
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