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Report On

“E-commerce”

Report On E-Commerce
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Prepared For…

Prepared By… • Md. Hasibul Hassan ID- 09120277 • Md. Momenul Haque ID- 08117077 • Md. Pavel Hossain ID- 09221029 • Md. Rasel Miah ID- 09221103 • Safiqul Islam ID- 09221112

Ayesha Jahan (AJ) Lecturer, School Of Business.

Date of Submission: 19 August 2009

TABLE OF CONTENTS
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No 01 02 03 04 05 06 07 08

Topics Introduction Definition of E-Commerce Dimensions of E-Commerce Objective of the Study Major Constraints to ECommerce How does an e-commerce store work? How do shopping carts work? Transaction Privacy and Security: How does ecommerce affect my privacy? What is an electronic wallet? How does a person-to-person payment work? Telecommunications: An

Slide No.

09 10 11

Introduction
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The Internet has opened up a new horizon for commerce, namely electronic commerce (ecommerce). The Internet, through advanced mechanisms of data transfer networks, establishes global linkages between customers and suppliers regardless of geographic location. E-commerce entails the use of the Internet in the marketing, identification, payment and delivery of goods and services. It involves order processing at company Websites and securing Electronic Fund Transfer (EFT) payment systems.

Definition of E-Commerce
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Electronic commerce is commonly known as (electronic marketing) E-commerce or E-Commerce, consists of buying and selling of products or services over electronic systems such as the Internet and other computer networks. The meaning of electronic commerce has changed over the last 30 years. Originally electronic commerce meant the facilitation of commercial transaction electronically, Using technology such as Electronic Data Interchange (EID) and Electronic Fund Transfer (EFT).

Dimensions of E-Commerce
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The Four Dimensions of e-commerce are – B2C (business-to-consumer) e-commerce – typical e-commerce activities that the typical Web surfer enjoys – C2C (consumer-to-consumer) – includes online auctions and rummage sales – B2B (business-to-business) e-commerce – involves one enterprise buying goods and services from another enterprise – B2G (business-to-government) e-commerce – aims to help businesses sell to governments

Objective of the Study
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E-commerce facilitates the very process of international transaction; this involves securing and finalizing a contract, delivery of the product, and finally payment for performance of the contract. The movement of goods and services, as well as the payment mechanisms within a country and more so outside a country, are governed by regulatory and legal issues. Hence, the regulatory environment is at the core of ecommerce development.

Objective of the Study
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This paper aims to highlight the status, statutes, potential and constraints of e-commerce development in Bangladesh. Both the statutory laws as well as the challenges in implementing them will be attempted. The paper shall also list specific policy changes aimed at bringing improvements to the legal and regulatory environment affecting ecommerce.

Major Constraints to E-Commerce
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This paper highlights various constraints to commerce and trade in general and e-commerce in particular. – Too few telephone connections – Absence of a strong independent regulatory body for the telecommunication sector – Absence of encryption law that precludes acceptance of digital signature. – Strong dependence on Letter of Credit (L/C) to conduct international transactions. – Non-issuance of international credit cards for cross border transactions. – Interest rate ceiling on export loans.

How does an e-commerce store work?
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How do shopping carts work?
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• Shopper browses Web site, and then adds products using a “Buy” or “Add to Cart” button • Uses cookies to store information about your activities on Web site

Transaction Privacy and Security: How does e-commerce affect my privacy?
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• Spy ware is often used to gather information secretly and relay it to advertisers or other interested parties • Ad-serving cookies track your activities at any site containing banner ads from the third party (who supplied the cookie)

What is an electronic wallet?
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How does a person-to-person payment work?
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• Customer opens an account • Some services require you to deposit some money into your account • Customer receives user ID and password • Money can be sent to anyone who has an e-mail account

Telecommunications: An Integral Part of E-Commerce
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Access, pricing, and the quality of Internet services are critically dependent on the status and performance of the telecommunications sector. The telecommunication sector of Bangladesh is characterized by poor level of penetration (0.4 telephone for every 100 persons, Graph 1), high cost to access, $341 connection fees for each telephone, one of the highest in the world, and a lengthy waiting period -- average waiting period for a new telephone connection varies from three months to ten years.

Telecommunications: An Integral Part of E-Commerce
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