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    E-commerce allows businesses to operate on a global scale compared to traditional commerce which is local or regional. Transactions through e-commerce take minutes while traditional commerce takes weeks. Buyers can select product attributes in e-commerce while sellers select them in traditional commerce. E-commerce businesses consider global markets when setting prices versus local markets for traditional businesses. Services in e-commerce are available 24/7 unlike traditional businesses which are only open certain hours on weekdays. E-commerce focuses on customer relations while traditional commerce focuses on product positioning. The main asset of an e-commerce business is its customer database rather than a physical location.

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    E-commerce allows businesses to operate on a global scale compared to traditional commerce which is local or regional. Transactions through e-commerce take minutes while traditional commerce takes weeks. Buyers can select product attributes in e-commerce while sellers select them in traditional commerce. E-commerce businesses consider global markets when setting prices versus local markets for traditional businesses. Services in e-commerce are available 24/7 unlike traditional businesses which are only open certain hours on weekdays. E-commerce focuses on customer relations while traditional commerce focuses on product positioning. The main asset of an e-commerce business is its customer database rather than a physical location.

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    5 views10 pages

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    Uploaded by

    catchriyaz
    E-commerce allows businesses to operate on a global scale compared to traditional commerce which is local or regional. Transactions through e-commerce take minutes while traditional commerce takes weeks. Buyers can select product attributes in e-commerce while sellers select them in traditional commerce. E-commerce businesses consider global markets when setting prices versus local markets for traditional businesses. Services in e-commerce are available 24/7 unlike traditional businesses which are only open certain hours on weekdays. E-commerce focuses on customer relations while traditional commerce focuses on product positioning. The main asset of an e-commerce business is its customer database rather than a physical location.

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    of 10

    Internet & E-Commerce

    E-commerce Vs Traditional Commerce

    By: Prof. Riyaz A. Sheikh


    Lecturer
    Traditional Commerce Electronic Commerce
    1. Scope is local or 1. Scope is global
    regional
    2. Time required for 2. Time required for
    business transaction is in business transaction is in
    terms of week. terms of minutes.
    3. Product attributes is 3. Product attributes is
    selected by seller. selected by buyer.
    4. Prices are listed by 4. Prices are listed by
    taking over view of local taking overview of the
    market. global market.
    5. Service is available 5. Service is available
    between 9 a.m. to 5 p.m. round the clock.
    on working days.
    6. Marketing focus is 6. Marketing focus is
    related to product related to customer
    position. relation.
    7. Asset for traditional 7. Asset to E-Commerce
    business is location of is customer database.
    shop.
    8. Value of the business 8. Value of the business
    is based on the product. is based on the product,
    information and service.
    Electronic Commerce Activities

    1. Product or Service Search


    2. Price Search
    3. Actual Purchase
    4. Payments
    Electronic Commerce Activities
    1. Direct selling of goods Involves providing product information,
    and/or services over price details on the Internet to enable a
    the Internet customer to buy a product or service
    through off-line / on-line payment
    mechanisms.
    2. Provision of Packaged Though not E-commerce, provides
    mark­eting or important information about the
    company company's products and provokes direct
    information on a or indirect enquiries and subsequent
    company homepage purchase.
    3. Advertising banners Communicates packaged information
    on popular internet regarding the company advertised and
    sites for publicity provides links to the company's
    and marketing. homepage. The host company also earns
    some revenue by providing advertising
    space (not a true form of e-commerce, but
    adds for revenue generation).
    Electronic Commerce Activities
    4. Priced Firms may provide priced information regarding
    Information products or services or provide comparative
    information that may be of value to niche customers.
    The information in some cases, may be provided
    free to end- customers as the featured firms
    products pay for the service.
    5. Agent Firms may act as internet based agents and provide an
    Services internet site that helps in bringing the buyer and
    seller together and thereby earn commission income.

    6. Research Firms may gather product preference and use,


    and information through popular general sites like
    Development double click.com through information or through
    contents and use the information to provide targeted
    products
    Your Queries??
    Questionnaire
     What is E-Commerce?
     What are the elements involve in it?
     What are E-Commerce Activities?
    Topics For Next Lecture

     Major Modes found in E-commerce


    Thank You!!

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