- E-commerce refers to businesses that are carriedout online using applications, such as E-Mail, instant messaging, websites and mobile application, that work using internet.
- Ebay, Amazon, Alibaba are some good example of e-commerce.
Different types of e-commerce.
There are different types of e-commerce, among them following three are major types.
- B2B: Also known as business to business e-commerce. Intel selling processor to Dell can be a good example of B2B e-commerce.
- B2C: Also known as business to consumer e-commerce. Dell selling a laptop/computer to a costumer is a good example of B2C e-commerce.
- C2C: Also known as consumer to consumer e-commerce. A consumer selling some objects or service over a platform such as e-bay is an good example of C2C e-commerce.
Features of e-commerce.
- Ubiquity
- Richness
- Globar Reach
- Interactivity
- Information Density
- Personalization
- Social technology.
Advantages of e-commerce
- Faster buying/selling procedure.
- Easy to find products
- Bying/selling 24/7
- Global
- No physical movement for costumer
- Low operation cost
Disadvantages of e-commerce
- Fraud possibility (e.g. Fishing websites)
- No gurantee of product quality
- Can not feel the good physically before purchase
- Internet connection required
Application area of e-commerce
- E-Banking
- E-Ticketing
- E-Advertising
- E-Trading
- E-Post
Conclusion
- E-commerce is a great way for businessess and consumers to interact internationally.
- The future of e-commerce will drastically progess over years as the amount of internet users among businessess and consumers grows drastically every year.
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