E Commerce
E Commerce
BLACKLISTED SLAYERS
NIGEL FERNANDES MANASHVI GOSALIA ANKIT KATHERIA NIEL MEHTA NISHIT MEHTA YASH MUNGI KAMYA SINGH BHAVIK PARMAR
CONTENT
What is commerce What is e-commerce Types/elements of e-commerce Scope of e-commerce. Business application. Advantages of e-commerce. Disadvantages of e-commerce. Trade cycle in e-commerce. Major players in the industry.
WHAT IS COMMERCE ?
Commerce is a division of trade or production which deals with the exchange of goods and services from producer to the final consumer It comprises the trading of something of economic value such as goods, services, information, or money between two or more entities. Commerce functions as the central mechanism which drives capitalism and certain other economic systems. Commerce involves trade and aids to trade which help in the exchange of goods and services.
E-COMMERCE
Electronic commerce, commonly known as ecommerce or e-business consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. All commercial transaction on the internet are included in e-commerce. The scope of e-commerce is much wider because commercial transactions are extended to global market.
ELEMENTS/TYPES OF E-COMMERCE
B2C
MCOMMERCE
B2B
TYPES
G2B
C2C
As the name suggests, it is the model involving businesses and consumers. This is the most common e-commerce segment. In this model, online businesses sell to individual consumers. The basic concept behind this type is that the online retailers and marketers can sell their products to the online consumer by using crystal clear data which is made available via various online marketing tools. E.g. An online pharmacy giving free medical consultation and selling medicines to patients is following B2C model.
BUSINESS TO BUNSINESS(B2B)
It is the largest form of e-commerce involving business of trillions of dollars. In this form, the buyers and sellers are both business entities and do not involve an individual consumer. It is like the manufacturer supplying goods to the retailer or wholesaler. E.g. Dell sells computers and other related accessories online but it is does not manufacture all those products. So, in order to sell those products, it first purchases them from different businesses i.e. the manufacturers of those products.
M-COMMERCE
It refers to the use of mobile devices for conducting the transactions. The mobile device holders can contact each other and can conduct the business. Even the web design and development companies optimize the websites to be viewed correctly on mobile devices. There are other types of e-commerce business models too like Business to Employee (B2E), Government to Business (G2B) and Government to Citizen (G2C) but in essence they are similar to the above mentioned types. The best example is of UID project. Moreover, it is not necessary that these
SCOPE OF E-COMMERCE
1. 2. 3.
All commercial transactions on the internet are included in E-commerce . The scope of E-commerce is much wider because commercial transactions are extended to global markets . There are three main areas of E-commerce : ELECTRONIC MARKETS ELECTRONIC DATA INTERCHANGE INTERNET COMMERCE
1. ELECTRONIC MARKETS
An electronic market is the use of information and communication technology to present variety of offerings available in the market segment. Electronic market is the virtual representation of
physical market. Electronic market is a perfect market where there are world wide buyers and sellers, and have detailed information about the market e.g. airline booking system. E-Marketing refers to trading on the internet.
3. INTERNET COMMERCE
The
internet is a network of networks. It allows millions of computers to be linked together to form a global network. This type of E-commerce is possible by the commercial use of the internet. It is used to process online orders to make online payments to provide after sales service e.g. online banking, shiping etc.
ONLINE BANKING
BUSINESS APPLICATIONS
NEWSGROUP S
TELECONFER ENCING
ONLINE SHOPPING
ADVANTAGES OF E-COMMERCE
TO THE CUSTOMERS
It helps in increasing profit. Increases sales and decreases cost. World-wide, 24-Hours-a-Day Trading. Products available at bargaining prices. Increases sales opportunities for sellers and purchasing opportunities for buyers. Makes products and services available in remote areas. Home deliveries.
DISADVANTAGES OF E-COMMERCE
TO THE CONSUMERS
Security Trust Time for delivery of physical products Perishable goods Limited and selected information Returning goods Personal service
TRADE CYCLE
PHRASES OF TRADE CYCLE
Pre-Sale
Execution / Settlement
After Sales
MODES OF PAYMENT
E-CASH
OFFLINE PAYMENT
salesforce
Indiainfoline
Naukri.com
Amway.com
Matrimonial
Imagebaazar.co m
BIBLIOGRAPHY
Google.com 12 thText book E-Commerce. education Amazon.com Naaptol.com Ebay.com