Electronic commerce or e-commerce simply
refers to the business data being
exchanged with the use of paper. Here,
the information is exchanged using
electronic data interchange or EDI, fax
transmissions, e-mail, electronic
transfer of funds, and electronic
bulletin boards. This means that with
e-commerce people can conduct a number
of financial transactions
electronically. The core purpose and
philosophy of e-commerce is that it lets
the internet so that the speed of the
business is accelerated.
An ecommerce website uses a shopping
cart system as the software for
ecommerce solution. This aids in the
operation of online stores which can be
used by multiple online users. Shopping
cart systems for an ecommerce website
are usually built with the help of
shopping cards like Miva Microsoft,
ZenCart or OsCommerce.
E-commerce is an indication of the
transactions that take place online.
E-commerce transactions that are very
popular these days include bond and
stock business dealing, online shopping,
trading and downloading commodities such
as music, graphics, games, software,
etc. E-commerce is also used like an
online platform or online market where
sellers and buyers can exchange goods or
products, complete transactions, etc.
There are two ways for carrying out
e-commerce transactions, either by
business to business or B2B basis or by
business to consumers or B2C basis.
Markets that are sponsored by private
and industry exchanges which are put up
by large firms for their stakeholders
contribute significantly for carrying
out online business to business
Transactions which come under B2B
commerce category usually involve
contracts that have been negotiated
carefully. They allow merchants to
forecast after predicting the spending
capacity of each buyer and help in
making plans accordingly. On the other
hand, B2C business is quite different.
Businesses that follow B2C method serve
their consumers who first avail their
offers. E-commerce which uses the B2C
method is usually suited for companies
such as entertainment firms, speciality
goods retailers, publishers, direct
sales companies, insurance firms,
information providers, etc.
The popularity of e-commerce websites is
increasing by each passing day because
of the convenience it provides for both
the traders as well as customers.
Certain popular e-commerce websites have
several users because of the diversity
of products they offer to buyers and
sellers. Almost all popular websites
have detailed information regarding the
product features and benefits which
proves to be useful to the potential
buyers. This is helpful since buyers
cannot feel or touch the product until
it is delivered to them.
Most people prefer buying goods that are
affordable and are of good quality.
Keeping this in mind, it is necessary
for these websites to refrain from
charging users with additional costs.
Most of the ecommerce websites are know
to offer products at reasonable process.
There are also offers and discounts
provided to consumers which attract
customers to make purchases from online
stores. A few popular websites go one
step further and offer product auctions,
which are highly liked and enjoyed by
all the customers. With such offers, it
is a better option to opt for e-commerce
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