E-commerce application is a platform where there is buying and selling of products and services which are done by businesses and consumers via an electronic medium Objectives of the research: 1. To discuss the advantages and the disadvantages of the E-commerce application. 2. To compare E-commerce application to Traditional commerce. 3. To identify the growth of E-commerce application. Finally, the INTRODUCTION Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales. E-commerce application is a platform where there is buying and selling of products and services which are done by businesses and consumers via an electronic medium, mostly without using any paper documents. “E-Commerce applications support transactions between businesses and their customers. They provide 24/7 customer support, allowing customers to order products, check orders and track shipping, review previous orders, reorder products, and manage their accounts.” (Auburn SeeWolf llc , 2009-2012) Some E-commerce application includes E-tailing, E-Banking and Online Publishing. There are different types of E-commerce Applications. These are; Business to Business Application is the relationship between to businesses or companies. It is used to perform financial and commercial transactions over... ... middle of paper ... ...et owners made a purchase from their recent tablet-based local search • 61% of smartphone owners made local searches from their device • 72% of smartphone owners made a purchase from their recent tablet-based local search • 49% of smartphone and tablet users use apps for local business searches • 32% of smartphone users made a $100 purchase 38% of tablet users made a $100+ purchase” (David, 2012) Conclusion In conclusion, E-commerce looks more promising in the future. With the evolution of the E-commerce application, every business should take advantage of it. I believe it is the new way of reaching out to a large clientele. In future physical business locations would become more of a showroom. This would simplifier customers way of shopping. Like any other project, E-commerce application needs to be managed probably to succeed and be able to compete in the future.
Technological development is impacting the business landscape by providing new ways and opportunities to conduct business. In the last decade e-commerce has especially created new possibilities to change ways of doing businesses or create new business models. In such a changing environment the role of the leader is becoming vital (Ada 2006).There is no doubt in importance of e-commerce in this new era .It became the necessity of organizations and even competitive advantage. In near future it will be difficult to survive without adoption of e-commerce.
E retailing is stands for electronic retailing, which is the concept related to the transaction between businesses to consumer (B2C) that transaction through Internet. E tailing can play the role of pure play business. The E-retailer requires many displays and need a lots of reference of products and specification of the products are important as the feeling of the customers are based on the information provide by the retailer. The companies, such as Amazon, they have created the online industry from searching and browsing the products through websites and paying through Internet and online banking.
Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping even around our daily lives. E-commerce a system by which people can buy, sell and deal without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst; it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi...
E-commerce means that the company runs their business online, not like the traditional business way. We have to go the shopping mall or store to get goods that we need, E-Business is the enabling of electronic communication between any two or more participants in a business relationship. It helps companies capture abroad business field, cost saving, and market opportunity. E-commerce is an important factor that is making people’s lives more efficient.
E-commerce or electronic commerce is nothing more than the trading or retailing of services or products which is usually conducted through computer networks, usually internet (Turban, 2009, p. 90). Though e-commerce depends on various technologies like telephones, social media, mobile devices, e-mails etc, but mainly the operations of e-commerce are based on World Wide Web (Zhang, 2012, p. 232). Therefore, e-commerce may have to face vario...
Intel realizes that e-business is not only about selling products over the Internet but the involvement of managing the supply chain and customer service is also crucial. Tremendous value is added to the process of getting raw materials and also of supplying goods to retailers and distributors in a manor that is desired is required (David and Malone p. 106). The main use of business to business e-commerce is the simplification of all business communications. Intel is able to link with all business customers via the Web, which gives them instant access to each other. Their business based site allows things such as their inventories to be linked. Thus, an entire stage of business, product ordering, is eliminated.
The are two basic categories of business conducted over the internet, Business-to-Customer (B2C) and Business-to-Business (B2B), and they share one common key aspect - use of Internet technologies to manage all aspects of the business.
E-commerce and e-business are terms that are sometimes used interchangeably, but the terms are different, and that difference matters to businesses. E-commerce consists mainly of the selling, purchasing, and exchanging of products and services over computer networks as well as the Internet (Milutinovic & Patricelli, 2002). E-commerce can involve electronic funds transfer, supply chain management, e-marketing, online marketing, online transaction processing, electronic data interchange (EDI), automated inventory management systems, and automated data collection systems. It typically uses electronic communications technology such as the Internet, extranets, e-mail, e-books, databases, catalogues and mobile phones. Furthermore, Ecommerce Digest (2002-2011) indicates that e-commerce can be divided into three key classifications: Business-to-Business (B2B) is wholesale transactions between organizations; Business-to-Consumer (B2C) is retail transactions with individual shoppers; and Consumer-to-Consume...
Providing a convenient way for customers to the marketplace and creating more interactions between sellers and customers were the reasons why e-commerce was a game changer. A convenient way to the marketplace is provided by e-commerce as it is available anytime for every customers. This can meet the need of the customers who have not enough time (“The Internet and the Consumer Marketplace” ,2012).In other words, they can get into the online marketplace at any time, through Internet, even though they are lack of time to purchase goods they need from shops. By
In summary, E-commerce and M-commerce have not yet reached their full potential. New electronic and mobile businesses must follow the already established steps to even have a chance for success. By identifying e-business initiatives, understanding the functional scope of an e-business initiative, exploiting the benefits from e-business initiatives and prioritizing initiatives; a company improves its percentage to compete in their specific market. E-commerce and M-commerce is an integral part of our society and will only continue to grow as the years go by.
E-commerce or electronic commerce is carrying out business communications and transactions through computers and over networks. It involves buying and selling of goods and services through digital communication. E-commerce also includes transactions on the World Wide Web and the Internet and means such as electronic funds transfer, smart cards and digital cash. E-commerce covers outward facing processes that interact with customers, suppliers and external partners such as sales, marketing, delivery, customer service, purchasing of raw materials and supplies for production.
Consequently, e-business and especially online shopping is crucial for retail stores. They should provide necessary infrastructure for selling their products online. By taking advantage of e-business not only they can get competitive advantage of online shopping, but the...
Many advertisers are spending time and money on online technologies. More marketers are advertising on internet and more companies are doing online business as well, so this is increasing the revenue of online media. Newspaper advertisement is declining because internet advertisement is facilitating both the marketers and the consumers. (Evans, David S. 2009)
E-commerce (electronic commerce) is basically selling products with high enhancement in IT. It helps the company have better relationships with suppliers, partners and customers. The nine forms of e- commerce models:
E-commerce is a trading in products using the internet. E-Commerce over the past 15 to 20 years has had a major impact on society and the way business is done on a global scale. There are three transactions business to business, consumer to consumer and consumer to business. I will be writing about the advantages and the disadvantages of each one.