1.

List at least five benefits of EC each to customers,

organizations, and society.
Ecommerce, also known as electronic commerce or
internet commerce, refers to the buying and selling of
goods or services using the internet. E-commerce
increases the productivity of organizations. It supports
"pull" type supply management. In "pull" type supply
management, a business process starts when a request
comes from a customer and it uses just-in-time
manufacturing way.

Benefits of Ecommerce towards customers:

 Ecommerce saves money.
 E-commerce saves time
 It provides complete information to the customer
 It secures the customer drinking behaviour from
the outer environment.
 Developing the business relation with the
customer.

Benefits of E-commerce to Organizations:

 Reach and attract new customers
 Accessibility and easiness
 Stays open 24*7
 Cost efficient
 Sell across the globe

Benefits of E-commerce to society:

  It provides job opportunities.
 Provides Entertainment
 Online Education
 Less pollution
 Availability of goods.

2.List the major components of EC framework. Explain

briefly.
The major components of EC framework consist of three
parts:
1. The first part consists of a variety of ecommerce
applications including both inter -and intra-
organizational and electronic market examples such as
supply chain Management, online marketing and, home
shopping, advertising etc.

2. The second part of the building blocks of the

infrastructure consists Of: Common business services,
for facilitating the buying and selling process.Messaging
and information distribution: as a means of sending and
retrieving information.
 3. Third part consists of the public policy, and technical
standards necessary to support the applications and
infrastructure.Public policies: govern issues like
universal access, privacy, and information pricing. The
public policy infrastructure affects not only the specific
business but also direct and indirect competitors.

3.Explain the role of internet in EC.

Ecommerce refers to buying and selling of goods or services
using the internet. It is a process of conducting business
online. It helps a business to spread all over the world and
boost up the world economic condition.Currently, the use of
Internet is not new to most people, but, instead, a necessary
skill.In e-commerce, the internet serves as the primary
medium to handle almost all of business transactions. It
provides low-cost advertising and fastest way of doing
business open to all size of businesses.The internet allows
people from all over the world to get connected inexpensively
and reliably.