The Pros And Cons Of E-Commerce

The use of the internet for e-commerce transactions is transforming the way people around the globe purchase goods and services. While brick and mortar businesses struggle to keep their doors open, businesses are responding by moving their goods and services online to reach the widest base of consumers possible. In order to protect businesses and consumers, legal protections must be created and enforced. Providing of overview of three of these protections along with proposing solutions to enhance the protection of e-commerce transactions will show the necessity of these legal protections.

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.

Advancements in technology have reshaped the way we behave as consumers. Today’s commerce is turning digital. Consumers are becoming more aware of electronic commerce and the security concerns that come with e-commerce. This study will outline the differences of traditional commerce and electronic commerce, and how and why it is changing the market place.

Ecommerce allows consumers to exchange goods and services electronically with no barriers of time or distance. E-commerce is the marketing, buying and selling of merchandise or services over the Internet. It is currently one of the most important aspects of the Internet to emerge. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. The biggest advantage of E-Commerce is the ability to provide secure shopping transactions via the internet and coupled with almost instant verification and validation of credit card transactions. The various legal and ethical issues in E-Commerce are discussed

Electronic commerce or e-commerce involves the production, advertising, sale and distribution of products via telecommunication networks. It includes intranets and extranets. Shopping via the internet for computer hardware, software, books, music cassettes and clothes is becoming commonplace among Internet users.

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

“The web is the ultimate customer empowering environment. He or She who clicks the mouse gets to decide everything. It is so easy to go elsewhere; all the competitors in the world are but a mouse click away.” Jacob Nielsen, Designing Web Usability. There are many Pros and Cons when it comes to e- commerce. The use of the internet e commerce has grown drastically in recent years. E commerce is the buying and selling of goods and services on the internet. Even though there are tangible privacy and security issues that keep people on guard, consumers face a dilemma each time they need to divulge highly personal information online, the ability to provide secure shopping transaction via the internet and

E- Commerce (Electronic- Commerce) has made it possible for business to give advertisement along with features and price- tag of products using computers. All organizations are setting for E-commerce as it is simple, secured and efficient. Moreover it standardizes organization in present competitive market. E- Commerce is used to handle electronic commerce. It is the latest trend for commerce.

Today, changes in the way commerce is undertaken relies very much on technology. From Internet sites advertising etc., to making agreements via email, technology forms the development of modern business operations. The stage at which technology advances is very challenging on today’s law and introduces much difficulty in the construction of an adequate framework for e-commerce.

The article is very thorough in its descriptions and definitions of the web, the internet and e-commerce.I fully support the stance the author takes on thesedefinitions and capabilities of the internet and e-commerce. As noted in the paper,In order to understand the concept of e-commerce, it is important to have a true understanding of the concept of internet. Internet is defined by Rayport and Jaworski (2002,p.40) as "a collection of wires, protocols, and hardware that allows the electronic transmission of data over TCP/IP". This definition could be sufficient for the electronic part. Then the commerce parst just concerns the exchange of goods and services for money over the internet.E-commerce can therefore be defined as the art and science of exchanging goods and services over the internet backbone (Laudon & Traver, 2012,p.54).Issues of online security and privacy however must be taken care of as suggested in the final part of this paper. I find this paper very compelling and accurate in its definition of the internet, web and e-commerce as well as the issues and risks surrounding the use of e-commerce technology.

E-commerce is short form of Electronic Commerce which actually means the virtual business or buying and selling of products or services over electronic systems such as the internet and or mobile networks. The invention of faster internet connectivity and powerful online tools has resulted in this new method of trading or commerce arena – Ecommerce. Ecommerce offered many advantages to companies and customers but it also caused many problems. It is a fact that even today many people are skeptical about using online transaction for the fear of either goofing up or being duped!

E-commerce means today, to take care of their own website, constantly updates to publish and in social networks to be present. The recent studies from the 2014 show for the first seven indicators for the successful marketing of products and services on the Internet. And this study was not focused on the largest and most successful companies, such as Amazon. Their marketing methods are usually not feasible for smaller companies without large marketing budget.

Definition of e-commerce “The term of Electronic commerce has been used for describing a variety of market transaction, enabled by information technology and conducted over the electronic network”. (Bhaskar, 2009)

Indisputably, e-commerce plays an important role in today 's economy. Since the Internet was introduced, the world has become more interconnected and shopping has become easier. For businesses, it has become important to maintain an online presence. "This is particularly true if businesses wish to

In this paper I would explain the trend going toward the offline to online. Moreover, this paper put the light on capabilities and limitations of ecommerce. Moreover, the features of e commerce and how these feature effect on the businesses’ strategic advantage also cover in this paper. The requirement of any business and how e -commerce fulfil these requirements shown in following paragraphs.