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Compare and contrast about online shopping verses traditional shopping
Online vs. traditional shopping
Compare and contrast about online shopping verses traditional shopping
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1.1 INTRODUCTION
E-commerce is as the world knows the process of buying and selling goods and services over the Internet where in all the activities happen online, These activities includes not only mere generating demand but also factors like customer services with regards o offering after sales services and facilitating communication as well between business partners. The e-commerce structure is such that which not only includes transactions of buying and selling but also generating revenue by selling goods and services by providing the most viable and exciting experience of online shopping
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Looking at the e-commerce activity we need to first look at the kind of products that are available which is clothing, computer hardware, software, clothing electronics to books and gift can be sold online. With E businesses establishing business models which is based on selling of goods and services and revolves around them. The industry has definitely grown with potential in terms of not only generating revenue but also reducing the costs in running a online retail business. With the main recipients of e-commerce who are the Marketing, retail outlets, insurance, government, travel industries, training, online publishing vendors.
Looking at Traditional Commerce and E-Commerce:
As there is a significant difference in the e commerce which is when there is no physical store and in which most of the cases the seller and the buyer don’t see each other, transactions happen otherwise. With the help of the Web as well as telecommunications technologies here play a major role in e commerce being a boom. Although when we look at the goals and objectives of both e-commerce and traditional commerce which the same that is are selling same products ...
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...avior of customers. This information is inturn sold to advertisers for direct marketing.
Lastly Subscription model: An e-business might sell digital products to its customers, by using this model. Examples Include. Sreeet.com, AjansPress.com is another example of this model that sells business news and analysis based on Subscription
Some Companies Using e-Commerce- Amazon.com,American Express pple Auto-by-Tel sells Cisco Systems, sells data communications Dell Computer and Gateway sell computers through their web sites and allow customers to configure their systems on the Web and then purchase them. www. dell .com , www. gateway .com Drugstore.com and CVS.com beauty products online. www. drugstore . com , www.cvs.com Epicurious sells Peapod sells groceries over the Web. www. peapod .com Proctor & Gamble and IBM conduct order placements electronically. www.pg.com
Have you ever purchased any product on the Internet, used the Internet to collect information or data, or played computer games on the Internet? You must agree that it is fast, easy, and enjoyable. The Internet has been a part of our daily life for several years now. In addition, in the business world, a new business model, E-business and E-commerce, has appeared for several years. According to Ali, there are two main types of E-commerce: B2B and B2C (2000). One is business to business (B2B). This means that enterprises use the Internet to transact or trade between business operations and their partners. Another is business to consumer (B2C). In other words, enterprises provide products, support good, and services to the customers on the Internet.
E-marketing is a fast growing and rapid platform for any form of business. EBay has been highly successful over recent years and this is a perfect example of an online business. The internal and external environments are constantly changing and in order to keep up with these changes, businesses and organisations must make relevant changes, and generate new strategies to keep up with contemporary developments in e-marketing and to also maintain their position in their market in comparison to their competitors.
29 March 16-Singapore is one of the best places to incorporate an eCommerce business-Blog SG Incorporation- Madhu
The e-commerce company’s strategy focus allowed it to differentiate itself by providing better services to its customers. The company put an innovative business model in which customers would try out the company’s services without any cost. As time progressed, the company was able to generate revenue from alternative means. In addition, the company began to generate revenue from an increase in the willingness of its users to pay for additional
The objective of B2C ecommerce is solely keeping tabs on item deals. On the other hand, B2B emerged with a lot of advantages.
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.... ... middle of paper ... ...
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.
What's e-business? It is the transformation of every business process through using the internet and associated technologies. In this transformation, each part of the business becomes a part of an intrinsic network, which enables employees, suppliers and customers of a given enterprise to conduct their tasks. People usually try to make a point in differing e-business from e-commence, but as I see, e-commerce is a part of the e-business category, and an important one.
the most common type of e-commerce is Business to consumer . When the business is a trader, and the consumer is the client this form is used. The business to sell items through its Web site is the most common set up for this type of e-commerce. Usually, these businesses offer a list and an online shopping cart, and the business is able to accept expense through its Web site. The creation is shipped to them directly, or the consumer then has direct access to the service online. Business to Consumer refers to export and promotion export of services goods and goods via the web. where the sales are made generally to the consumers in its place of other businesses this is a business. There are no enormous reserves required for beginning a business is the advantage of this type of e commerce models . Which they are introduced to the customers this is because the different types of e commerce application have seen far more developments of the model based online stores using. can be made use of to develop character sites along with graphics and logos for the retailer to enhance their business is the latest application technology of the internet. Without the requirement of any other hardware or software, the only accuse they will have to pay is their monthly rentals. the consumers can enjoy are that the shopping done over the internet can be quicker and easier with a number of deals accessible by the retailers that some of the other advantages .
The development of E-commerce have revolutionised the manner in which consumers purchase. E-commerce has helped businesses to grow and expand beyond geographical boundaries and cater to the needs of consumers located anywhere across the globe. India, being a developing nation was expected to respond slowly and with less enthusiasm towards the development and implementation of E-commerce. E-commerce started to become popular only after 2005. It began as a system where businesses could interact with suppliers and place orders. However as the system gained immense popularity and success, it was soon implemented for placing selling goods and services to consumers. Since then the online retail industry in India has been growing rapidly (Malhotra, 2000). The system has become so widely popular, that in many large cities and urban locations, consumers prefer to purchase largely through online shopping rather than physically visiting stores. E-commerce facilitates consumers to purchase products from any place through suitable internet connectivity. The popularity of E-commerce over the last few years and its wide adoptions led retailers to launch specialised Smartphone applications through which consumers could easily shop. Many claim that the success of E-commerce mainly arises out of the popularity of Smartphones. E-commerce is particularity gaining popularity in the semi urban and rural regions of India. Due to lack of infrastructural development there exists a dearth of shopping malls and retail stores in the rural and semi urban regions of the nation (Tse and Soufani, 2003). Hence individuals living in such regions find it easier to shop through E-commerce platforms. They are therefore able to procure branded
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.
The high take-up of the Internet leads to variety of opportunities in front of companies. People are more online than ever. They spend many hours each day on Social Networks such as Facebook and Google+. It is no wonder that buying and selling can now be done in a more convenient way. Although traditional shopping is still thriving, online shopping can be an alternative for people wanting to save time and money. If a certain customer plan to go shopping, it could be stressful and also be time consuming. E-business has made shopping or any kind of transactions online much easier and convenient. It introduces new facilities, opportunities and way of shopping for both vendors and customers.
Online shopping is the latest and greatest craze in the history of the internet, it’s fantastic! You can sit in the comfort of your own home, being as daggy-looking as you like and shop for all your pantry needs or buy that dress you’d like to wear out this weekend, its takes shopping to a whole new level. My favourite online shopping (because I’m female) is online fashion, I love the convenience of being tired and not having to go anywhere to get an outfit.
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.
In today’s era “INTERNET” is playing a significant role in our daily life. People can walk through the internet to one who is actually living on the different side of the planet, can send mails round the clock, search information & even buy things online. With this invention of internet there is a shift in traditional way of shopping. Now there is no need to open a physical store. One can be active at any time and place and purchase products and services. The number of users of internet is increasing day by day which means that online shopping is increasing. Various characteristics of online shopping is making it more convenient for the customers, as compared to traditional way of shopping such as the ability to view and purchase goods and