The Pros and Cons of E-commerce Today

1783 Words4 Pages
bulb-icon

Recommended: E-commerce advantages discussion

THE PROS AND CONS OF E-COMMERCE TODAY Introduction Electronic Commerce or e-commerce refers to a wide range of online business activities for products and services(Rosen, 2000). E-commerce (or electronic commerce) is defined as the buying and selling of goods and services conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems and automated data collection systems. (Anon, n.d.). It also refers to any type of business transaction where the parties interact electronically rather than by physical exchanges or physical contact. (Anon, n.d.) Examples of e-commerce systems include Amazon, Alibaba, eBay, Zappos, Business.com, DHgate.com and so on. Pros of E-Commerce 1. Convenience for the customer: a. One of the main advantages of e-commerce is the fact that one doesn't have to stand in queues waiting to be served, or be placed on hold for instance in a telephone ordering system. E-commerce leaves it to the buyer as to when and where to purchase what they want. They can do it at the office, in the comfort of their homes, and with the advent of mobile technology, one can shop practically anywhere they are able to connect to their vendor of choice. This gives the customer the feeling of being in control of their time. Thus for customers, this is one of the most popular convenience of e-commerce. b. Secondly, in relation to the first advantage, stores are open at all times. This adds to the convenience of shopping at any time, and even across borders and time-zones. By removing t... ... middle of paper ... ...lable from: http://en.wikibooks.org/wiki/E-Commerce_and_E-Business/Concepts_and_Definitions (Accessed 5 February 2014i). Anon (n.d.) ‘Electronic Commerce - Term Paper’, StudyMode, [online] Available from: http://www.studymode.com/essays/Electronic-Commerce-731.html (Accessed 5 February 2014j). Anon (n.d.) ‘What is e-commerce (electronic commerce or EC)? - Definition from WhatIs.com’, [online] Available from: http://searchcio.techtarget.com/definition/e-commerce (Accessed 5 February 2014k). Anon (n.d.) ‘What is E-Commerce?’, [online] Available from: http://www.sqa.org.uk/e-learning/EComm01CD/page_01.htm (Accessed 8 February 2014l). Rosen, A. (2002) The e-commerce question and answer book: a survival guide for business managers, 2nd ed. New York, AMACOM. Rosen, A. (2000) The E-commerce question and answer book: a survival guide for business managers, New York, AMACOM.

Show More
Related

  • Social Security and Corporate Welfare

    4037 Words  | 9 Pages

    7.Gregory Wester, Stephen Franco. The Internet Shakeout 1996. Interactive Commerce Research Bulletin. the Yankee Group, Boston, MA. December 1995

    Read More

  • Netflix Case Study

    1320 Words  | 3 Pages

    Laudon, Kenneth C. Traver, Carol. E-commerce: Business. Technology. Society 3th ed. Pearson Prentice Hall. Upper Saddle NJ, 2007.

    Read More

  • Implementation of Digital Marketing and E- commerce Strategy

    1855 Words  | 4 Pages

    Chung-Shing Lee, (2001) "An analytical framework for evaluating e-commerce business models and strategies", Internet Research, Vol. 11 Iss: 4, pp.349 – 359

    Read More

  • The Meaning of Auctions and How They Work

    876 Words  | 2 Pages

    Korper, Steffano and Juanita Ellis: The E-commerce book: Building the E-Empire. San Diego, CA; Academic Press, 2000.

    Read More

  • A Comparison of Shopping Online vs. Shopping in a Store

    750 Words  | 2 Pages

    There are many reasons for choosing to go into a store to purchase items needed. For instance, having some assist you in finding what you need, or just answer questions about the product. It is also a way to get out of the couch, away from the television, or off the computer. Another feature is you can see and examine what you are going to purchase, helps in the decision making for most people. You know the minute the salesperson ring you up the product are yours to take home and use right away. It also makes return on items simple, take it back to where you bought and get an exchange or a refund if needed. For the draw backing for in store shopping is you do spending hours looking for the right product or in the lines trying to just purchase it. Or listening to all the people around you and all the additional noises you hear in stores. Not to mention store have set hours on when you can shop and when you can not, this is something which can change with assign on the door.

    Read More

  • The Impact of Technology on Business

    1185 Words  | 3 Pages

    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 ... ...

    Read More

  • E-Business Architecture

    1853 Words  | 4 Pages

    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.

    Read More

  • E-commerce

    601 Words  | 2 Pages

    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

    Read More

  • Online Commerce and Consumer Protection

    2132 Words  | 5 Pages

    Electronic commerce, more commonly abbreviated as e-commerce, is the action of buying and selling products or services through the medium of electronic information systems such as computer networks - the most common of which being the World Wide Web, or internet (Dorogovtsev & Mendes, 2003). A variety of technologies are used to facilitate e-commerce including electronic funds transfer (EFT) which facilitates the electronic exchange of money, online transaction processing (OTP) which handles the data entry and retrieval for transaction processing and electronic data interchange (EDI) which is responsible for processing orders, warehouse stock control and order tracking (Turban, et al., 2009).

    Read More

  • The Impact Of E-Business

    1822 Words  | 4 Pages

    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.

    Read More

  • Study of Clothing Online Shopping

    3669 Words  | 8 Pages

    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.

    Read More

  • Critical Appraisal Of Amazon.Com Current E-Business Strategy And Activities

    1477 Words  | 3 Pages

    According to the definition of Whatis.com "E-business (electronic business), derived from such terms as "e-mail" and "e-commerce," is the conduct of business on the Internet, not only buying and selling but also servicing customers and collaborating with business partners."[1]

    Read More

  • Essay On Information Technology In Business

    1537 Words  | 4 Pages

    Li, F 2007, What is E-business ?: how the Internet transforms organizations, Blackwell Publishing, Oxford.

    Read More

  • E-Commerce Essay

    1274 Words  | 3 Pages

    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.

    Read More

  • Online Shopping Essay

    1612 Words  | 4 Pages

    For instance they can purchase anything at any point of time without going out to any physical store; they can compare the prices of the product from different websites and can purchase from the site where they are getting cheaper; it also saves time; customers can also avoid pressure when having a face to face interaction with the salesperson etc. We can summarize these factors into 4 categories:

    Read More

More about The Pros and Cons of E-commerce Today

Open Document