E-Business

“E-business a new trend in a

shopping…..”
 Contents:
 Invention of the Term E-business
 E-business meaning
 Scope of E-Business
 Resources required for successful E-business implementation

 The various type of E-business transactions:

1.Consumer to Consumer (C To C)
2.Business to Consumer(B To C)
3.Business to Business(B To B)

 Advantages and Disadvantages of E-business

 Online Transactions
 Steps Involved in Online Transactions
 Traditional Buying and Selling process
 Online Buying and Selling Process
 E-business Softwares and Apps
 The Term E-Business
Today the world of shopping has changed so drastically
that one need not go to any shop
for purchase of goods .All you need
is a basic computer with internet
facility .The goods can be purchased
on the internet ,payments can be made
be through internet and the goods are
physically delivered at your doorsteps .
This entire process comes under the process of e-business.
E-Business is web enabling existing business process to
conduct transaction over the internet. E-Business means using
the internet to connect people and process . It allows you to work
across the globe in any field. E-business establishes more
closer relationships with partners , employees and suppliers.
Invention Of The Term E-Business
In 1979 Michael Aldrich, the English inventor, invented 'teleshopping' now
known as 'online shopping, business -to- business online transaction processing
now known as 'e-commerce' and the feasability of extending B2B transaction
processing into other forms of inter-business communication now known as 'e-
business.' The actual term 'e-business' was reputedly coined by IBM marketing
staff in the 1990s.

Michael Aldrich
 E-business Meaning:
The term “e-business” i. e electronic business is derived from the terms
mail and e-commerce. The concept of E-business emerged when IBM coined
the term in late 90’s . The purpose was to provide buyers a platform on the
internet to buy and sell a goods . Electronic commerce was a revolutionary
idea that crystallized into a successful concept along with e-business .

Very often the term e-commerce and e-business are used as a synonyms .
However in actual terms , e-commerce is a sub- branch of e-business . E
Commerce is the is the trading aspect of e-business where it connects
buyers and sellers on the internet . E-Business on the another hands ,
includes manufacturing , buying , selling and managing the entirebusiness.
 Scope of E-business:

There has been a tremendous impact of technology today on various

aspects of life . Our society has to adapt to this impact and incorporate
this change into daily lifestyles .Transactions under e-business include
transactions between consumers , manufacturers , suppliers and the
government.
The scope of e-business is not restricted is not only online shopping . It
also includes online stocks ,transactions and the use of software . In
India , till now business is managed through traditional methods . now
many Business are becoming aware of the e-business and are
incorporating this into their strategies .It also helps in better
communication between business houses and makes purchasing easier
for large organizations.
 Resources required for successful E-business
implementation:

The various types of e-business transactions are:

1.Consumer to Consumer (C to C)
Here consumer buy and sell goods and services to other consumers
.Today there are number of websites where consumers can buy and
sell goods like books ,apparel ,electronic goods ,fashion jwellery
,etc. This process allows buyers and sellers to display information
about their goods on the web. It also permit them to rate the
products or services.
2. Business to consumer (B to C):
The transaction under the B to C are between business firms and
consumers . Firms use their sites for a range of marketing activities.
These include promotion , product information ,reviews about the
products/services and delivery of the product at the doorstep.
Examples of popular websites are:
www.flipkart.com , www.yebhi.com etc.
3. Business to Business (B to B):
Transaction between business firms come under this category . Business
firms interact with each others for a variety of services . These includes
supplying ancillary parts/components to manufacturers providing value
added services like catering and also providing man power.
Advantages of E-Business
 1. It is easy to set-up e-business as compared to traditional business.
 2. Communication is easy as there is no face to face interaction. This
result in easy approach.
 3. Cost of setting up e-business is comparatively low as compared to
traditional business.
 4. Relation between supplier and consumer is very strong.
 5. There is lot of support from government for e-business.

Disadvantages of E-Business
 1. In the absence of face to face interaction with business firm/sellers
, many buyers hesitate to carry out transactions.
 2. The personal touch of seller/firm is missing . This at the times
makes the times makes the buyer insecure.
 3.Transaction risk is high.
Online Transactions
There are three stages in online transactions:
1. Pre-purchase/Sale
2. Purchase/Sale
3. Delivery stage
Steps involved in online transactions:

1. Registrations
2. Placing an order
3. Payments
 Cash on delivery
 Cheque
 Net banking transfer
 Credit or Debit Cards
 Digital cash
Traditional Buying Traditional Buying And Selling process
Buyer selects the Seller

Buyers select goods to be purchased

Buyers negotiate Price and Terms and Conditions

Actual sell of goods by sellers

Payments for the goods purchased

Delivery of goods as per the terms and conditions

Activity after the sale of Product

Online Buying and selling process
Buyer browses through Internet

Select a sellers Company and goods to be purchased

Goes through the Terms and

If it is suitable make online payment

Recieves the informations about delivery of the product and

sale services
E-Business Softwares and apps
Software:

Apps: