Basic Computer Concepts What is Commerce? Ø Ø Commerce, or doing business, is a negotiated exchange of valuable objects or services between at least two parties and includes all activities that each of the parties undertake t complete the transaction. Commerce is the activities of buying and selling. Transaction Process “Buyer” “Seller” Trends and Issues - Ecommerce
Basic Computer Concepts What is Commerce?. Commerce , or doing business , is a negotiated exchange of valuable objects or services between at least two parties and includes all activities that each of the parties undertake to complete the transaction. - PowerPoint PPT Presentation
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Basic Computer Concepts
What is Commerce?
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Commerce, or doing business, is a negotiatedexchange of valuable objects or servicesbetween at least two parties and includes allactivities that each of the parties undertake tocomplete the transaction.
Commerce is the activities of buying andselling.
TransactionProcess “Buyer”“Seller”
Trends and Issues - Ecommerce
Trends and Issues - Ecommerce
Basic Computer Concepts
Defining E-Commerce(EC)
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Electronic commerce is an emerging conceptthat describes the process of buying andselling or exchanging of products, services andinformation via computer networks includingthe Internet.
E-Commerce can be defined from theseperspectives:
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communications perspectivesbusiness process perspectiveservice perspectiveonline perspective
Trends and Issues - Ecommerce
Basic Computer Concepts
Origins and Growthof E-Commerce
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Electronic funds transfers (EFTs or wiretransfers): electronic transmissions of accountexchange information over private networks.
Electronic data interchange (EDI): occurs whenone business transmits computer-readable datain a standard format to another business.
Trends and Issues - Ecommerce
Basic Computer Concepts
Features of E-CommerceTechnology
Unique of E-commerce Technology and theirBusiness Significance:
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is ubiquitoushas global reachoperates according to universal standardsprovides information richnessis interactiveincreases information densitypermits personalization
Trends and Issues - Ecommerce
Basic Computer Concepts
Advantages of E-Commerce
E-Commerce benefits to merchants:
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Increase sales opportunities for the sellerReduce operational costsIncrease purchasing opportunities for the buyerProvide wide range of choicesUse the web to target their offers to a nichemarket"The store is always open!"Establish better relationships with customersLow cost information distributionIncreased speed to marketExpanded delivery channelsGlobal exposure and reach
Trends and Issues - Ecommerce
Basic Computer Concepts
Advantages of E-Commerce
E-Commerce benefits to consumers:
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ConvenienceInformativeValue presented upfront: Demo and freedownloadNo long wait timesEasy flow and navigationSearch capabilitiesEngaging presentationConstant updatesEasy to buy
Trends and Issues - Ecommerce
Basic Computer Concepts
Disadvantages ofE-Commerce
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Cost and JustificationSecurity and PrivacyLack of trust and user resistanceOther limiting factors