One can buy things without geographical boundaries. When business sells to customers/consumers it is called B2C and is most important from our point of view. Then there is the issue of inability to feel the product physically or check it with your own hands while buying. Purchasing options are quick and convenient with the ability to transfer funds online. 500 crores which can be invested only by big players. 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In summary E-commerce can be defined as an exchange of goods and services between parties, individuals and organizations as well as the electronically based intra and inter organizational activities that facilitate such exchanges. Many service sectors are adopting this mode. In other words e-commerce is for effluent society i.e. These changes are not simply in the context of data processing or computing. The consumer decides which websites have to be visited and after getting the information from various sites he makes a choice and decides which one should be purchased. When making a purchase at a brick and mortar business, you get the product when you pay for it. 1. The wide adoption of information technology by the community has led to great changes. Electronic commerce, or e-commerce, is the buying and selling of goods and services on the Internet. 7. Since consumers are not able to feel and touch the products and therefore business is on trust and as yet business is largely limited to travel, automobiles, PC’s, services, books and CD’s entertain­ment. - E-commerce E-commerce is to the information revolution what the railroad was to the industrial revolution. 12. The majority of people think e-commerce is just about buying and selling things over the Internet like through auctioning sites such as E-Bay and U-Bid. The manufacturers, distributors, suppliers and services providers let the consumers know about their products quality, price, size, color etc. Speaking in layman’s terms, E-Commerce refers to the entire process of marketing, selling, delivering goods and servicing customers over the Internet. People today are aware of the common phrase 'e-commerce', but there is a lot more to it then they are aware of. It eliminates with the system of distributors, authorized dealers and retailers, the manufac­turer can deal with large territory with one store. 10. The majority of people think e-commerce is just about buying and selling things over the Internet like through auctioning sites such as E-Bay and U-Bid. E-Commerce Introduction: E-COMMERCE INDIVIDUAL ASSIGNMENT PREPARED BY: NORHAFIZAH BINTI MOHAMED TAN PBS 1332345 FOR: DR. HALIYANA KHALID E-commerce in China – The Problems! In physical sales place and distance is also a problem which is no problem in e-commerce because one can see sites all over the world without moving out of the house. Order Now. Basir,A.A. The first essay is a long essay on E Commerce of 400-500 words. Given below are two essays in English for students and children about the topic of ‘E Commerce’ in both long and short form. For example, Dell Computers Corp., has been selling computers directly to … Introduction China is the fastest growing Internet economy in Asia/Pacific, with Chinese Internet users forecasted to account for approximately half of all Internet usage in the region by the end of 2005. As yet this requires filing of return in respective office and apply for approval in concerned office. The growth and development of e commerce will be vita… The number of companies like TELCO, IBM, C1TI BANK, BHEL, ESSAR, TVS, MARUTI, BAJAJ, and many others are doing B2B. It is the companies that began in E-Commerce that have become leaders in the E-Commerce B2C sector, such as Netflix and Amazon, now the two biggest E-Commerce businesses in the US (Alexa Internet, Inc., n.d.) B2B: Business to A firm can use electronic commerce to reach narrow market segments that are geographically scattered. Customized or personalized product and service. The net enables suppliers to introduce and promote new markets and new products to meet the needs of individual buyers. The main features of e-commerce is that one does not physically feel an item nor sees it and places order on the basis of information supplied through website or in response to consumers inquiry, as yet e-commerce has last preference for daily consumption items. In most of the cases whole process takes couple of minutes and goods reaches the consumer within half an hour to one hour if he is a local consumer, it is claimed so by sellers. Consumer has wider choice not from his town or country but also round the globe unless there are import restrictions. Content Filtrations 6. The fast and dramatic changes in information technology specially in last one decade has given new concept of marketing in which buyer and seller do not see each other face to face nor see the goods physically; the whole transaction is carried out with the help of ‘on line’ communication. Before publishing your Essay on this site, please read the following pages: 1. He was born in Porebandar of Gujarat, India on 2 October 1869. E-commerce is a boom in the modern business. An example of this would be buying and selling products or services over the Internet. These are suitable for students and children in class 6 and below. The Internet might be the single most important facet of modern society, governing everything from political discourse and higher education to the way we conduct ourselves and our businesses. VP/courier (who collects the payment at the time of delivery, but this is discouraged. In order to provide facilities to public and speed up information and records government in many cases provide record of information, through this system; sale of documents, passport forms, copies of returns etc are supplied through e-mail. In the 21st century, the rapid development of information technology and the rapid increase in information exchange have brought new drives and innovative ideas to the whole society. He then places an order intimating the mode of payment which is generally through credit card or e-banking and advise the bank where he has credit card to debit the amount to his account. It is true that going to markets or malls to shop will never go out of fashion but E-Commerce is also here to stay and become more advantages and get comfortable with it. Genres of E-commerce Classification of e-commerce is done basing on the participants in a transaction. In case of purchase, one is not required to go from store to store to see the products to collect their details, prices etc. This long essay about E Commerce is suitable for students of class 7, 8, 9 and 10, and also for competitive exam aspirants. (2009) stated that the payment systems in Malaysia have been undergoing changes in recent years. Among the notable changes is the emergence of electronic-based payment systems. E-commerce, the idea of online shopping was first put forth by Micheal Aldrich in 1979.He had connected a modified domestic TV to a real-time transaction processing computer via a domestic telephone line.Later in 1990,when Tim Berners-Lee invented the world wide web, e-commerce has got a scope to expand itself. Exports to final consumers is possible through e-commerce, not only-just sales but procure­ment, accounts, logistics product development and other related services are also possible through e-commerce. Before publishing your articles on this site, please read the following pages: 1. On the web, there may be a time lag from purchase to actually being able to consume. 9. However, each section will have a strict limitation of words, so make sure to divide 200 words between them accordingly. Business -Business e-commerce occurs when the parties transacting are traders, retailers, or manufacturers. ECommerce Electronic commerce, or e-commerce has developed exponentially in the last few years and has left some in the cold. While many people feel making an online purchase does not compromise their personal information, some still prefer not to take a chance of having their account information accessed by a third party, and will only make their purchases at a storefront operation. "Most people think e-commerce is just about buying and selling things over the Internet" (Wareham, 2000). 2. Availability- e-commerce is readily and easily available to consumers. It's no wonder, then, that switching your business to an e-commerce model would come with a huge amount of advantages. Fewer licenses and permits are required to start an online business than that of a physical store location. E-Commerce Essay 612 Words | 3 Pages. 11. Key players in e-commerce are consumers and sellers. Compose a 1500 words essay on E-commerce & it // maritime industry. Electronic commerce refers to expansion of the buisness market and maintaining the relationship with the customers by using telecommunication networks . In India in this business Rediff(dot)com is most popular and sells products worth Rs. ... Order your essay today and save 20% with the discount code: ESSAYHELP. Electronic commerce (e-commerce) refers to the subset of global business where negotiations and actual transactions of goods and services are conducted elec-tronically, rather than physically. Essay on E-Commerce: Meaning, Advantages and Disadvantages. The consumer will have to wait for delivery of physical goods. Thus small suppliers cannot get business through internet. As yet sales of apparel, food products is largely small percentage of total e-business. You can read more Essay Writing about articles, events, people, sports, technology many more. The first essay is a long essay on E Commerce of 400-500 words. E-Commerce (2376 words) 8 PAGES 2376 WORDS. These disadvantages will disappear as electronic commerce matures and becomes more available to and accepted by the general population. 2. Life has become very busy these days. Essay on History of E-Commerce Assignment In 1957 the Soviet Union successfully launches the satellite Sputnik into space, marking the first time an artificial satellite had entered orbit. A 200 word essay example can be an inspiration for your own paper. Most of the disadvantages of electronic commerce today, however, stem from the newness and rapidly developing pace of the underlying technologies. E-commerce, Windham says, is a fickle world with little, if any, customer loyalty (Fortune, 2000). Impacts Of E-Commerce On Individuals. It helps to globalize retail trading. E commerce has led to a shift in the buisness environment in the world including india.india ia still a developing nation. In order that consumer may visit particular website, sellers have to advertise about their website so that consumer may visit the website. In other words, the higher the usage of e-payment system among consumers, the higher the acceptance level of e-payment systems among consumers. Use it as a guide for your writing. They are adapting to the changing technologies and try to be up-to-date. There are three main issues with regard to management in IT-related issues. The types of selling through the use of internet and other electronic devices can be of following types: This implies selling by one business manufactures to other business manufactures, trade, wholesaler or retailer. Plagiarism Prevention 4. Suppliers, competitors and customers come under one roof through internet websites and massive exhibition of various items is possible. Our mission is to provide an online platform to help students to discuss anything and everything about Essay. This short essay on the topic is suitable for students of class 6 and below. Not only the new generation, but also the older generation is getting a hold of technology. E-commerce consists of many things. why population in USA use is 50%, in Europe 13 percentage, in poor countries only 1-2 percent and in some countries it is negligible. These include risk management, strategic planning, and the assessment of IT needs. In case of service it is becoming popular for banking and share purchases. The entire deal is carried out with the help of computer – telecommunication and net working with associated hardware. Read this article to learn about the meaning, advantages and disadvantages of E-Commerce. Image Guidelines 5. Below we have given a short essay on E Commerce is for Classes 1, 2, 3, 4, 5, and 6. For instance if some lady wants a bra of exact size, her size can be measured through internet and stored and she will be supplied bra of her requirement. Essay on E Commerce: Even today, some considerable time after the so called ‘Internet revolution’, Electronic Commerce (E-Commerce) remains a relatively new, emerging and constantly changing area of business management and information technology. Report a Violation, Speech on E-Commerce: Meaning, Characteristics and Other Details, E-Commerce System: Meaning, Resources Required and Benefits. They are changes which affect how we communicate with each other, how we organise our daily activities, how we educate the younger generation, and how we run business. As yet in India such sales are only of US$ 100 billion but are expected to go up to US$ 900 billion by 2005 i.e. The. E commerce or electronic commerce is defined as the sale and purchase of goods and services through internet as the medium through the different sites on the internet. Business house or on individual business has to file income tax and sales tax returns and various types of other returns. Continue to order Get a quote. Start-up costs for establishing an E-Commerce business is far less than expanding your business with more brick and mortar locations. 100- 200 Words Essays, Notes, Articles, Debates, Paragraphs & Speech in English ... Short Essay on 'Mahatma Gandhi' (200 Words) Full name of 'Mahatma Gandhi' was Mohandas Karamchand Gandhi. The inventory is reduced, and so the cost of carrying goods and distribution cost. Needs to be plagiarism free! Further, there are great chances of fraud in-spite of all the precautions. A Comparison Between B2c And B2B 793 Words | 4 Pages. He has to search internet/websites information on internet, make the purchase domain and the payment. Essay On E-CommerceE-Commerce Essay - Introduction: This is an age of science and technology. Pay attention to the format, content, and the briefness of the author’s language. Goods are available at cheaper price because there are lot of economies of space, rent, interest to the seller Further, he manages with much lesser number of outlets and cost of marketing is reduced. E-commerce became very popular soon after it proved to be an … After the seller realizes the amount for the goods order he dispatches the goods. In 1998 out of total e-commerce of us$ 210 billion us$ 100 billion was accounted for B2B. Lay out your plan for implementing your revolution and note the language tools you will use to bring it about. Essay on the Meaning of E-Commerce: “Production, advertising, sales, delivery, and payment realisation for products and services via telecommunication network is called e-commerce”. 3. Advertising done well on the web can get even a small firm’s promotional message out to potential consumers in every country in the world. Consumer is better informed about products, price etc and therefore can make better choice. There is absolute flexibility of time, place and distance is no hurdle; one can open the site any time day or night to get details, there is no problem of shops/stores opening/closing hours. Privacy of consumer is adversely affected specially in the matter of accounts; he is required to tell his credit card number to supplier or e-banker. Sitting at home he gets all the required information and that too very fast without spending much time. This long essay on the topic is suitable for students of class 7 to class 10, and also for competitive exam aspirants. Identify a company that uses outsourcing specifically for e-Commerce functions and the type of outsourcing that is used. The consumer has number of advantages and convenience and therefore the system is becoming popular. 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