Ayesha Khalil
E-commerceTransacting or facilitating business on internet is called e-commerce, and its revolve around buying and selling.
Another definition:
The use of internet and web to transit the
business.
Digitally refers to commercial transactions
between organization and individual.
E-Business:
The transaction of business through
electronic media such as Telephone, Fax, computers,
Video conference equipment.
Digital enabling of transactions and processes within firm involving system of control
WWW
• World Wide Web(Electronics & Computer Science / Computer Science) Computing a vast network of linked hypertext files, stored on computers throughout the world, that can provide a computer user with information on a huge variety of subjects Abbreviation WWW
• The complete set of documents residing on all Internet servers that use the HTTP protocol, accessible to users via a simple point-and-click system
• An interconnected system of networks that connects computers around the world via the TCP/IP protocol is called internet.
• Enabling all transaction of business.
• procedures, system, structure, under control of firm.
• E-business is broader term.
• Not necessary for e-business to be e-commerce.
• Not necessary to occur exchange of value
• Transaction on web
• Exchange of value occur
• Sub-set of E-business
• It is necessary for E-commerce to be E-business
Difference between E-commerce &E-business
E-commerce E-business
Commercial transaction
Commercial transaction:
Future event in term of money, when it will occur it will change financial position of firm
Internal transaction:
The transaction which occur inside the organization and between its various departments.
External transaction:
Which occur outside the organization.
Important features of e-commerce
• Ubiquity
• Global reach
• Richness
• Universal slandered
• Interactivity
• Information density
• Personalization
• Customization
FeaturesUbiquity:
Internet is available at every corner of world and all time.
Globule reach:
Total number of customer ,which e-business can obtain. and total population is their purpose buyers.
Universal slandered:
Internet has become stander all over the world. And slandered of internet has same all over the world
Interactivity:
Interact person to person through internet
And it allows two way of communication among customers & merchants.
FeaturesInformation density:
E-commerce reduce cost and rise quality
It provide to customer one world one price and one market
Personalization:
Paying attention to customers as person to person through internet
Customization:
Customers opinion have value and e-commerce make changes into products according to customers preferences
TYPES
• B2C
• Directly target to customer, sells to individual.
• B2B
• Focus on sell out other business.• C2C:
• Customer sell to other customer
• P2P:
• It is actually a technology which enable one customer to interact with other customer directly without intervention of market to share variance resources and making transaction.
• M.COMMERCE:
• Making transactions through wireless technology