Chapter 1 Introduction of E-Commerce -Technology369kk
Introduction of E-Commerce
Ans:- E-commerce means, online shopping system that called in commerce, in another wordsE-commerce is the buying and selling of goods or services over the internet. It has rapidly evolved over the past several years to become a combination of online and offline retail that is vertically integrated.
So in this chapter we are dicuss about details in E-Commerce, What, Why, How to use and features with advantage and disadvantage and accourding to the BCA syllabus we are dicuss, So let's begin start now.
Table Of Content:
Introduction of E-commerce
- E-commerce, also known as electronic commerce, refers to the buying and selling of goods and services over the internet or through electronic networks. It involves conducting commercial transactions electronically, allowing businesses and consumers to engage in online shopping and digital transactions.
- The introduction of e-commerce has revolutionized the way businesses operate and how people shop. It has significantly expanded the reach of businesses, providing them with a global platform to connect with customers worldwide. With the convenience of online shopping, consumers can browse and purchase products from the comfort of their homes, anytime and anywhere, using various devices such as computers, smartphones, and tablets.
- E-commerce has changed the way in which society sells goods and services. It has made it easier for businesses to reach customers all over the world and for customers to purchase products from anywhere at any time.
Features of E-commerce
E-commerce has several features that make it unique and different from traditional commerce. Here are some of the most important features of e-commerce:
- Technology-enabled: E-commerce is enabled by technology, which makes it possible for businesses to reach customers anywhere in the world.
- Mediated: E-commerce transactions are mediated by technology, which means that there is no face-to-face interaction between buyers and sellers.
- Ubiquitous: E-commerce is ubiquitous in nature, which means that it can be accessed from anywhere in the world.
- Intercommunication: E-commerce allows for intercommunication between buyers and sellers through various channels such as email, chatbots, and social media.
- Virtual communities: E-commerce allows for the creation of virtual communities where customers can interact with each other and with businesses.
- Delivery of information: E-commerce allows for the delivery of information about products and services to customers through various channels such as email, social media, and chatbots.
- Large customer reach: E-commerce businesses have reached customers living all around the world.
- Online product catalog: E-commerce businesses have an online product catalog that customers can browse through at their convenience.
- Customer reviews and ratings: E-commerce businesses allow customers to leave reviews and ratings for products they have purchased.
- Secured payment options: E-commerce businesses offer secured payment options to ensure that customer transactions are safe and secure.
Advantage of E-commerce
E-commerce has several advantages that make it an attractive option for businesses. Here are some of the most important advantages of e-commerce:
- Increased reach: E-commerce allows businesses to reach customers anywhere in the world.
- Reduced costs: E-commerce reduces the cost of creating, processing, distributing, retrieving and managing paper-based information by digitizing the information.
- Improved brand image: E-commerce improves the brand image of the company.
- Better customer service: E-commerce allows organizations to provide better customer services through various channels such as email, chatbots, and social media.
- 24/7 availability: E-commerce businesses are available 24/7, which means that customers can shop at any time of the day or night.
- Increased customer base: E-commerce businesses have access to a larger customer base than traditional brick-and-mortar stores.
- Lower startup costs: E-commerce has a lower startup cost than traditional brick-and-mortar stores.
- Reduced operating costs: E-commerce stores are typically cheaper to set up and operate than physical brick-and-mortar stores.
- Easy to showcase bestsellers: E-commerce businesses can easily showcase their bestsellers on their website.
- Ability to sell internationally: E-commerce businesses can sell their products internationally without having a physical presence in that country.
Disadvantage of E-commerce
While e-commerce has many advantages, there are also some disadvantages that businesses should be aware of. Here are some of the most important disadvantages of e-commerce following:
- Security threats: E-commerce is vulnerable to security threats such as data theft, phishing, malware attacks, hacking, and misuse this is major issue in e-commerce site.
- Competition: There is a lot of competition in the world of e-commerce because it’s so easy for anybody to create an online store, well such as Filpkart, Amazon etc.
- IT issues: E-commerce businesses require a lot of IT infrastructure and support to operate effectively, that is advantage for IITIAN students.
- Shipping logistics: E-commerce businesses need to have a reliable shipping logistics system in place to ensure that products are delivered on time and in good condition.
- Limited connection with customers: E-commerce businesses have limited face-to-face interaction with customers, which can make it difficult to build relationships and provide personalized service.
- Other disadvantages of e-commerce include site crashes, lengthy shipment wait periods, inability for customers to physically touch or view a product before making a purchase, and poor customer service, i hope this is helpful about disadvantages.
Example of E-commerce
We are also known that E-commerce refers to the buying and selling of goods or services over the internet, It is a rapidly growing industry that has revolutionized the way people shop. Here are some examples of e-commerce websites:
- Amazon: This is one of the largest e-commerce websites in the world that sells a wide range of products.
- Flipkart: This is an Indian e-commerce website that sells products such as electronics, fashion, home appliances, and more.
- Shopify: This is an e-commerce platform that allows businesses to create their own online stores
- Myntra: This is an Indian fashion e-commerce website that sells clothing, footwear, and accessories for men, women, and children.
Conclusion :
Dear reader, In this post we are discuss about in details of E-Commerce that means refers to the buying and selling of goods or services over the internet, It is a rapidly growing industry that has revolutionized the way people shop. with simmillar that Advantage, Didadvantage, and examples of E-Commerce.
Special Thanks to Bing ChatGPT. helps for written this articles, I hope this is helpful for you, if u want like this type of products follow me.
No comments
Post a Comment