Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
What is e commerce
1. WHAT IS E COMMERCE ?
E-commerce refers to the buying and selling of products or services over
electronic systems such as the Internet and other computer networks. E-
commerce is based on techniques such as electronic funds transfer,
supply chain management, Internet marketing, and online transaction
processing, electronic data interchange (EDI), inventory management
systems, and operating systems and automated data collection
2. TYPES OF E- COMMERCE
1. Business to Business (B2B)
Business-to-business (B2B) defines commerce transactions between
businesses to business, like between a wholesaler and a manufacture and in
between wholesaler and a retailer. In short we can say that doing business
from one business to other business
2. Business to Customer (B2C)
The business which is done done directly from business to the customer is call
business to Customer, like dell company directly deals with the customer for
selling purpose.
3. Consumer to Consumer (C2C) It is the simple and easy process of doing
business, it means doing business in between customer to customer, example
ebay.
3. ADVANTAGES OF E-COMMERCE
Advantages:
Lower cost
Economy
Higher Margins
Better Customer Service
Productivity gain
Team works
Information Sharing, Convenience, And Control
4. DISADVANTAGES OF E-COMMERCE
Disadvantages:
Security
System and Data Integrity
System Scalability
E–commerce Is Not Free
Consumer Search Is Not Efficient or Cost–effective
Customer Relations Problems
Products People won't buy online
Corporate Vulnerability
5. E-commerce and the Market
Arrangement of Retail Industries
in today’s world.
The fast-growing body of research has looked at how the emergence and spread
of e-commerce prices, has achieved much lower than the business impact of
electronic commerce on the number and type of producers working in the industry