Advantages And Disadvantages Of E-Commerce Revolution

Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that frequently used by the organization is the implementation of e-commerce. Thus, the e-commerce and the online sale transaction become popular in each industry. E-commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical constraints.

The traditional method of doing business has always been face to face trading. It is a medium for both customers and businesses to negotiate and purchase and sell goods and services. However, with the progression of the technology age, businesses and customers alike are finding convenience and benefits through the use of e-commerce. Electronic commerce (e-commerce) involves online transactions and the trading of goods and services through the Internet, without time and geographical barriers (Network Solutions, 2014). This could include retail sites, large online music stores such as iTunes or business to business (B2B) transactions between companies. This is a new emerging technology and has brought many advantages (Network Solutions, 2014).

The full form of e-commerce is electronic commerce. E-commerce is an advanced technology related with commerce and computer. Commerce solutions are more than just handling the business transactions. To manage, organize and performing these business transactions for various products and services online, then there is a need of computer with an internet connection. In simple words the process of doing business online is E-commerce. Whether it’s buying and selling tangible products, stocks, bonds, services or various household things. E-commerce covers a vast amount of transactions of B2C and B2B on the web through internet. It consists of E-retailing, electronic data interchange (EDI) and electronic fund transfers (EFT). In the electronic world consumers are now able to use internet for the number of reasons such as online banking, research, communication and even for shopping. The

Secondary data: The secondary data have been obtained from journals, books, periodicals and online websites.

E-commerce implies the purchasing or offering of products and administrations over the Internet. Electronic commerce is a defined word for any type of business transaction that involves the exchange of information across the Internet. It contains the many ranges of business including the retail sector, health care industry, hospitality and many more. Whatever it may be the business that should helpful to the customer and client. Internet is the tool to grow up the business in market with best facilities. Recently ecommerce booming very fast with the best success rate because it satisfying the customer needs and delivering the customer expectations. The road to making a fruitful online store can be a troublesome if

This report comprises of the information concerning the e-shopping and other website business, the findings are compared to two nations (U.S and China) concerning the familiarity and use of various tools that will help enhance the e-shopping businesses. In addition to this, the recommendations provided openly give some nitty-gritty details on how this business can be improved in order to attract

Developing an e-commerce business is a difficult process, that will test the determination and commitment of any person that has created a business in the past. I this paper will examine four different scenarios that one might be confronted with in owning an e-commerce business. The scenarios are as follow:

E-commerce has built a nearly perfect market because immediate and people are able to compare the offerings from numerous sellers worldwide. The growth of E-commerce has numerous advantages over the traditional stores or brick-and-mortar stores, which include greater flexibility, improved market outreach, lower cost structures, faster transactions, broader product lines, greater convenience, and customization (Srinivasan, Anderson and Ponnavolu, 2002). E-commerce provides opportunities to businesses especially in developing countries to access to the global market and reduce the transaction costs, and also helps developing countries to overcome the world economy problems (Lawrence and Tar, 2010). Since E-commerce enables all businesses from anywhere in the world to access to the global market, all people have equally chance to compete with the others. Without E-commerce, it is almost impossible for small-medium enterprises (SMEs) to compete with the large organizations due to the amount of the capitals that makes the larger organizations to hold the advantages over the smaller organizations. E-commerce is involved the use of the information technology (IT) to improve the communications and transactions with all of an organization’s stakeholders. E-commerce is also used as a new innovation strategy to raise business competitiveness,

E-commerce is one of the grandest trademarks of the 21st century. By allowing anyone with a credit card to purchase any product - at any time - at the click of a mouse, e-commerce has opened a world full of opportunities for the small business owner and the shopaholic. But e-commerce is not without its apparent flaws. It has the advantage of speed, a variety of products, and a great start up for e-commerce businesses, but product quality, bad businesses, and hackers are its main foibles.

Why risk the possible forgone costs of attempting to find items at a single store when anyone can browse the world-wide web with millions of options right at their fingertips? Recent consumer trends reveal a large shift from the number of consumers shopping in physical stores to those utilizing online storefronts and virtual market places. Quite frankly, visiting brick-and-mortar stores is becoming the old-fashion style of retail shopping. E-commerce giants, Amazon for example, make it incredibly difficult for small mom and pop shops and even billion dollar corporations such as Walmart to function at their highest possible levels. However, there are flaws in a world comprised solely of virtual marketplaces that will allow various types of

E-commerce has been used as a general term in context of Internet. Some researchers define it as both financial and informational electronically mediated transactions between an organization and any third party it deals with (Chaffey, 2002). Many other definitions have been focused on buying and selling using the Internet. Torkzadeh and Dhillon (2002) describe it as the sale and purchase of products and services over the Internet. They further explain that the factors associated with e-commerce relate to the net value of both the benefits and costs of a product, and the processes of finding, ordering, and receiving it.

To fully understand, how e-commerce impacts a company we must first investigate the real meaning behind e-business, this system was created to create a pathway that is catered to market services and goods. This entity was formulated for companies to conduct business. The relationship between customers and merchants can be attributing to e-business. This report will outline the functions of e-business. And how a company relies on it and outlines the system of e-business to establish a connection between customers and merchants. For a person to fully understand the strategy behind e-business we must explain through examples.

eCommerce is a rapidly growing path that businesses are taking to maximise their success. This report will focus on the advantages and disadvantages of eCommerce websites. eCommerce involves the process of businesses selling products and services over the internet; a few popular example of these are Amazon and eBay. Over the last few years this market has become one of the most popular ways to purchase products. Research has demonstrated that 96% of people living in America use eCommerce websites. This fast growth is due to the increase in technology that allows for online shopping, such as our growing dependance on mobile devices. The result of this is a reliable on-demand way of completing purchases that wasn’t possible before. For businesses this looks like a beneficial investment as eCommerce is projected to increase in use even more in the short-term future. Advantages: There are many advantages to using eCommerce for both the customer and the business, whether its pricing, package tracking, online review communities or quicker use. One of the benefits to have an online eCommerce store is that it is practically always open for business. This is an advantage for both the customer and the business. For example a potential customer can be awake at midnight and think of something they would like, an online store allow them to complete this purchase. It also benefits the business owner as they are not required to pay for the resources to keep a store open for the entire day or late into the night. Another major advantage of online eCommerce shopping is that a business is given the potential to reach thousands more new customers on a daily basis. A physical store at any location is limited to customers that live near or know of the location of the store. However, this is completely irrelevant with online shopping as anyone is able to access it over the internet. A online store will allow anyone interested in a product to purchase it regardless of their location, providing the business ships to this location. In a survey that was conducted on store owners after they started up online stores, 64% commented that they had seen a substantial increase in income. A key advantage that benefits both the customer and

E-commerce has become one of the most prevalent changes in the way we do business today. Businesses, before the creation of the web, were typically at a physical location where customers could come, browse, try-on, and purchase goods and services. Some of the disadvantages of this business model were: customers restricted by location, the need for larger amounts of inventory, larger retail space, and more employees to cover customer-service.

In today’s global economy, E-commerce has created a very cost effective way of reaching out to the customers. In this assignment, a clear description of ecommerce opportunities, strengths, technological advancement and how e-commerce is helping out businesses are briefly explained. The role of ecommerce is studied by an e commerce business Souq.com.