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INTRODUCTION WHAT IS E-COMMERCE? o DEFINATION o TERMINOLOGY o WORKING o FUNCTIONS ADVANTAGES OF E-COMMERCE DISADVANTAGES OF E-COMMERCE E-COMMERCE IN NEXT MILLINIUM CONCLUSION REFERANCE
Thus e_commerce can be very effective if properly handled in India. In general there are two way the company do their business on the internet.expansion due to this advantage e_commerce is too popular in world. Increase accesss. There is bright future of E_commerce. One is that exist solely on the internet. E_commerce is the modern business methodology that address the desired of firms. The working of e_commerce is done entirely on internet . all is not rosy on the e_commerce front. . The most important www is e_commerce. There are some problems. The most important challenge that e_commerce faces will be the ability to guarantee customers privacy & safety when using credit cards to purchase on line. The increased number of people on the web has given business a new to reach customers & enhance profit. consumers & management to cut cost. Another reason for popularity of e_commerce is that there is no marketing efforts & expenses involved in e_commerce as in the case of traditional marketing. Yes.convenience.ABSTRACT: For the computer engineer the World Wide Web is a chronological marvel created using many innovative technologies & tools. The other type of company that uses e_commerce is one that uses internet to complement their existing business.
E-commerce is the tool that leads to” enterprise integration “for a company for an industry ultimately for the vast network of small business. is the buying & selling products & services over the internet by either business to business. E_commerce is like that. it is overtaken before it can even be validated. large corporate and independent contractors. sending & receiving emails. The latest service added to this growing list of internet is the e_commerce . As many as 20 million of these people bought products online. . playing on-line games. downloading programs &software. Agencies . Technology moves so fast. It means that we can use internet used for business transaction also. A recent survey indicated that over 78 million people used the internet during the first six month of 1998. The list of services it offers is ever expanding.INTRODUCTION Today. business to consumer or consumer to consumer . the e_commerce is here to stay. searching for information. govt. Obviously. the tentacles of internet have spread all over the world. The potential dimension of e_commerce today is the substantial cost saving that could occur if a company’s business is done electronically. It is now possible to sell or purchase any product on the internet . It is nowadays commonly used for browsing the sites. Now technology moves forward to the next level of E_biz. chatting &so on. E-Commerce conducting business activities with the associated technical data via electronic and telecommunication technologies. E_commerce also known as electronic commerce.
Digital-cash is anonymous & reasonable. Electronic wallet :Electronic wallet store our credit & no. We then make purchases at website that support that particular type of wallet . customer initials a credit & payment transaction by electronic wallet companies server. Buying Selling Marketing and Servicing of Products Services Information Uses Enterprise over Computer Networks ECommerc e Internet. 2. The digital signature is encoded. electronic via a secure . from one comp to another .DEFINATION OF ELECTRONIC COMMERCE :E-commerce can be broadly defined as-“ Any form of business transaction in which the parties interact electronically rather than by physical exchange of documents or direct meetings amongst officials. The narrow definition of e-commerce is 1) Doing business online or 2) Buying products and services through web store fonts. but it is singed digitally or enclosed. 3.’s on our hard drive in an encrypted form. Digital or electronic cash or e-mail or digital memory:These are various methods that allows a person to perches goods or services by transmitting a no. intranet. E-commerce is simply doing business online . By clicking on a pay button . fax or phone. . thus providing proof of payment. extranets and other networks E-COMMERCE TERMINOLOGIES: 1. When the cheque is processed the resulting message is encoded with banks secret key . The cheque is a message that contain all of information that is found on an ordinary cheque.The are issued by a bank . Electronic cheques :Customer pay for merchandise by writing an electronic cheque that tistransmitted electronically by E-mail.
Hard goods vs soft goods :Hard goods are items that exits in the real world. The selling agency or the company . The cost of the product will be debited to the customer’s bank account & the amount will be credited to the company’s account. 6. This makes it possible to create e-commerce applications that links all aspects of a business relationship from ordering to payment. The customer can log on to the internet & search for products on different sites. which allows the retailer or merchant to accept credit card payment from customers. Telephone billing system :A new approach which allows the customer to purchase our item or service using telephone transaction & the amounts will be billed to his or her bill . the merchant then rents or byes special software for the online use . There are stiff requirement & regulations redarding the issuing of a merchants account . For example: Company ‘A’can place an order on company ‘B’for purchase of raw material using internet.include credit card number by way of payment & submit it. company ’B’ sends the goods to .4. Soft goods are items . sends the goods to customer through normal channels. scrutinizes it & if everything is in order. Merchant account :A merchant account is a relationship between a business & a merchant bank . WORKING OF E_COMMERCE The working of e_commerce is done entirely on internet. E_commerce is also making purchasing easier for big organizations by establishing business to business connections &conducting transactions over the internet. 7. which exits virtually . 5. On receiving the order &after validation. or electronically. download the images or product information fill in the order form mentioning all the details of the required product . If stock is obtained . Extranet :An extranet connects the internal network of one company with the intranet of its customer & suppliers. on receipt of the order form.
can reach world wide market with unlimited volume of customer . e.g. Or some other online service . Can display information .com and REI . FUNCTIONS OF ELECTRONIC COMMERCE The four function of e-commerce are: Communication Process management Service management Transaction capabilities Aimed at the delivery of information &/ or documents to Communication Function Facilitate business transactions. Covers the automation & improvement of business Process management function Process . Provides the ability to buy / sell on the internet Transaction capabilities . makes order processing a easier task than before .company ‘A’. e. resource sharing e Service management function Application of technology to improve the quality of service. .g. The exchange of documents takes place through internet. E-mail . retail website Of Amazon.g. Federal Express website . e. In some cases . e. 3 . 2 . picture & prices of products or services without spending a future on colorful advertisement .company ‘A’ plays the amount to company ‘B’ either though internet or through regular channels. ADVANTAGE OF E-COMMERCE:1) Increased access: 2) Convenience: 3) Expansion: Advantage of e-commerce to Business:1. On receipt of goods .g.
Such scams . There can be several other web sites where a customer can go & purches the same product we are offering . 3) Online payment security getting people to visit our site is one thing & getting them to have confidance of making online payment can be a big nightware. Disadvantage to customer :1 Privacy issues:One of the main reason why people donot purches online is because of security issues . This large growth of e-commerce & virtual communities will bring large number of people together to dial directly with the manufacturer of suppliers. E-COMMERCE IN NEXT MILLENIUM :E-commerce & internet are already making considerable impact in the way people do their slopping in the world. 2 Customer services :Consumer are not always satisfied with their purchases & when buying online they often donot get the answer they need in timely manner they demand. The small business will get more benefits from e-commerce. And it has been predicated that these method will change drastically the way the people do their business & shopping through out the world. little or even no overhead . . 2) The complision is so vast on the web . And this will shift balance of economic power from manufacturer to the consumer. DISADVANTAGE OF E-COMMERCE :• Taxes & Security Disadvantage to Business :1) Technology problem can cause our site not to operate properly .4 . as the marketing cost. hence causing to loose customer & sales. frauds & rip-offs are of big concern on the web. The business can keep’s its price less & aquire more market share & profit. Can operate or decreased . promotional cost & other overheads of business will be minimum. For instances personal Credit / Debit & information are very sensitive on making an online payment .
Himalaya publishing Computer Today Business India . there could less incidents of identity theft & credit card fraud. Once consumer &business realizes some of the dangers of e_commerce. Hopefully in the future . these issues can be rectify. E-commerce has not only change the way consumers view their purchasing power but also help skyrocketing the economy. REFERENCE: e-Commerce C. More &more business are during their business over the web.CONCLUSION: E_commerce has grown significantly during the pass 5 years.V. Business to business transaction are at their peak & it is predicted it will grow even more! Ecommerce is a helpful technology that gives the consumer access to business & companies all over the country &the world but with this access there comes a price .S. MURTHY.
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