What is Commerce?
Buying and selling of a product is known as
Commerce. It is a component of business
which includes all activities, functions and
institutions involved in transferring goods
from producers to consumers.
Who is involved in Commerce?
ProducersProducers are people whoare people who
produce different kinds ofproduce different kinds of
products and services.products and services.
SellersSellers are people who sellare people who sell
products and services toproducts and services to
people.people.
BuyersBuyers are people whoare people who
purchase products andpurchase products and
services.services.
Sellers
Producers Buyers
What is E-Commerce?
E commerceE commerce means buying and selling
of any product through the Internet.
This is an effective and efficient way of
communicating within an organization
and one of the most effective and useful
ways of conducting business.
How is it good?
One does not need to go to shops or showrooms.
One does not need to carry cash with a fear of losing
it.
One does not need to search an item manually with the
help of a salesperson.
One does not need to travel to another country for
purchasing products.
One can choose products from all over the world.
One can save time, money and effort.
There are no geographical and time barriers.
Advance uses of Internet
InternetInternet
Education Searching Information
Newsgroups Online Newspapers
Finding People E-Greeting Cards
Video Conferencing Downloading
Internet Shopping