FUNDAMENTALS OF COMPUTER

What is E ± commerce? Electronic commerce, commonly known as e-comm, e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks and amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at some point in the transaction's lifecycle, although it can encompass a wider range of technologies such as e-mail, mobile devices and telephones as well.

TRADITIONAL E- COMMERCE 1) 2) 3) 4) 5) 6) 7) 8) 9) Manual method. Lots of paper work . Funds can transfer only through purchasing and selling products . Time consuming & less efficient . Difficult to spread business all over the world. Delay in finalizing the transcations. Higher labour cost. Single task is preformed . Personalized transsactions.

E- COMMERCE 1) Auto made manual work ( software0 2) No paper work/ paper less exchange. ( email system) 3) Fund can be transferd from EDI, Electronic fund can be transfer only with network based technology (Net Banking ) . 4) Increase productivity & efficiency. 5) Low Labour cost 6) Multiple task can be preformed. 7) No delay in finalizing transctions in EDI.

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