Pros and Con E Commerce Essay

The internet and World Wide Web are extremely well suited for conducting business electronically on a global basic, Web-based Electronic Commerce(EC) has introduced unprecedented opportunities for the marketing of products and services, accompanied by features, functionality and innovative methods to serve and support consumers. E-commerce has became a major catalyst of the economy and remains a vital growth engine for businesses today, It successful change the consumer behavior. Consumer purchases over the Internet continue to grow from year to year. The survey involving

Electronic Commerce in short known as E-commerce. E-commerce is the business or commercial transaction which transforms information in internet. E-commerce which is buying or selling any products or services in Online using internet. It is Electronic mediator between the customer and the organization. The main aim of E-commerce is to provide secure transactions for the customer

In 1991, the internet became available for commercial use, which introduced the possibility for what we now know as electronic commerce, or e-commerce. By 2000, “a great number of business companies in the United States and Western Europe represented their services in the World Wide Web” and it was at this time that the e-commerce that we utilize in today’s business world took shape (e-commerce Land, n.d.). “People began to define the term ecommerce as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services” (e-commerce Land, n.d.). Through continued growth of the internet, brick and mortar stores came to realize that electronic representation would be an

After a successful IPO, the electronic commercial (E-Commerce) colossus Alibaba boasts a world-class market capital of $231.4 billion according to the FORTUNE magazine [1]. With the huge success of Alibaba’s IPO, E-Commerce is considered as one of the most important and promising business in world. Then what is e-commerce? It is commonly exchanging goods or services via Internet. Today you can get all retail brands via their online presence and even private goods. Moreover, e-Commerce also includes business-to-business (B2B) transactions between manufacturers and suppliers or distributors or other business parties.

E-Commerce is not only advantageous for businesses but it has also made the customer's life better and easier. Instead of having the customer go to the store and buy

Online businesses are those kinds of firms that do not have a physical presence, and their operations are mainly virtually run and controlled. These types of activities are in other words referred to as e-commerce or E-businesses. The management of the businesses, as well as the supervision of the day to day operations of the business, is done virtually. The business does not have physical stores, warehouses or shops. This type of activity utilizes electronic means for the firm transactions as opposed to the traditional brick and mortar setup where the customer and the seller or the service providers did business via face to face interaction.

E-commerce Explain what is meant by the term ‘E-commerce’. It is the conducting of business communication and transactions over networks and through computers. As most restrictively defined, electronic commerce is the buying and selling of goods and services, and the transfer of funds, through digital communications. However EC also includes all inter-company and intra-company functions (such as marketing, finance, manufacturing, selling, and negotiation) that enable commerce and use electronic mail, EDI, file transfer, fax, video conferencing, workflow, or interaction with a remote computer. Electronic commerce also includes buying and selling over the Web, electronic funds transfer, smart cards, digital cash (e.g.

“In e-Commerce, your prices have to be better because the consumer has to take a leap of faith in your product.” These were the words uttered by actor, producer, and investor, Ashton Kutcher. It is clear that what Ashton is saying is 100% factual, as it is essential to give customers the best shopping experience by providing with a well-rounded and most efficient website. However, in my paper I will be defining e-Commerce, discussing the types of e-commerce, an evolution of e-commerce and the impact it has on today’s economy.

E-commerce can be traced all the way back to the invention of the first computers in 1950. During the early stages many organizations didn’t have access to electronic data interchange due to it being relatively expense. In order for organizations to attain a competitive advantage, compete within their respective industry, or market, e-commerce needs to be implemented within the core business practice. As stated by Smith (2011), “E-commerce is now being utilized in all facets of business, including manufacturing companies, retail

Electronic commerce, also known as e-commerce, has developed rapidly in the last few years. In this paper, I will talk about the advantages along with the disadvantages of e-commerce. E-commerce consists of many things. People today are aware of the common phrase 'e-commerce', but there is a lot more to it than they are aware of. "Most people think e-commerce is just about buying and selling things over the Internet" (Wareham, 2000). E-commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. E-commerce includes buying and selling any item over the Internet, electronic fund transfers, smart cards, and all

Electronic commerce, or e-commerce, is defined as the buying and selling of products over an electronic system, typically the Internet. Business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer, or consumer-to-business. E-commerce ranges from online shopping (e-tail) to financial transactions such as mobile banking. Now that consumers can purchase unlimited amount of goods and services, e-commerce has completely revolutionized marketing. It has evolved and developed throughout the years to meet consumers’ needs, and now plays a big role in modern society. Like brick-and-mortar stores, e-businesses have both positive and negative effects on consumers. This research reveals the impact of e-commerce on consumer behaviour with reference to its convenience, cost-effectiveness, and safety.

In summary, when looking at the pros and cons of online shopping, the pros outweigh the cons, especially for items that are widely available and for which the best price is being sought. Shoppers save time and money buying what they need online and virtual store owners can run their businesses on far less overhead. The fact that the pros outweigh the cons is evident when one looks at the sharp increases in online shopping that have occurred on a global basis over the past few

There are many reasons why consumers patronize Internet shopping. To a consumer, one reason is that they believe that they pay a cheaper price for the products and services by using the Internet than they would, for similar products and services at the conventional retail stores (Koch, 2003). Research by Harris and Abate (2000) indicates that most Internet prices are cheaper than those charged by traditional retail stores, even with the additional shipping costs that need to be borne by the customers. However, getting a better price ultimately depends on the consumer’s information search behaviour. Consumers who spend more time searching over the internet are more likely to find lower prices or a wider

According to E-Commerce statistics (2016), “Retail e-commerce sales in the United States are projected to grow at a fast pace in the coming years, going from 322.17 billion U.S. dollars to just over 485 billion U.S. dollars” (para.2). Generally, people think E-commerce is simply buying and selling of goods and services through electronic media. In today’s digital world this definition of e-commerce is not very comprehensive and well define. According to Gupta.A. (2014), “ E-commerce is the electronic communication and digital information processing technology in business transections to create, transform, and redefine relationships for the creation between or among organizations and individuals” (p.2). There are different categories of electronic-commerce, such as Business-to-business (B2B), Business-to-consumer (B2C), Business-to-government (B2G), Consumer-to-consumer (C2C), and Mobile commerce (m-commerce). All these methods of conducting business or selling or buying products is through a proper digital /electronic channel. In this paper, the discussion is more about online shopping through Internet and mobile device. Nowadays, on line shopping is getting popular among people of all ages. From ordering pizza to ordering a big giant T.V through the Internet is very common. Many people are switching their method of purchasing goods from stores to websites. Dawson (2016) stated that, today, in most established countries, approximately 60% of people like to purchase via

Gigantic determinations, incredible costs, accommodation and administration are for the most part only a single tick away with the most recent development of internet shopping. Today, individuals everywhere throughout the world can purchase nearly anything without even crossing their doorsteps. Internet shopping enables individuals to buy anything from plane tickets, to clothing, to autos, to basic supplies, to stocks and shares and the rundown proceeds. In any case, one of the most difficult issues is to choose where to shop on the web. Classifieds, barters, online organizations, shopping administrations and gateways all have diverse preferences and hindrances. However, every type of shopping has its cost. There are many shrouded expenses of shopping on the web, for example, dispatching and taking care of, and enrollment charges. When shopping on the web there are numerous imperative factors that must be considered. These variables incorporate your privacy and security.