E-COMMERCE

E commerce stands for the Electronic-Commerce. As the name clears the meaning that by E-commerce a user can interact with others to buy or sell some sort of products and services over the electronic system like internet. The main support to e commerce trade is of internet. There are various ways to conduct the commerce like internet marketing, electronic data interchange, online transaction etc.

E-commerce is basically the transportation of the physical items as well as virtual items (mostly). All of the big retailer must be present on the World Wide Web so that can conduct the electronic commerce on the internet. Basically E-commerce is the sale of the business and the transfer of the data from one user to another so that they can easily deal over the product.

E-commerce is helpful for the businesses as they can use this to send the urgent documents from one place to other and is also useful for the common person to interact directly with the market products by using the internet and can buy or sell the products. There are various methods to use the e commerce application like in today’s life maximum persons are using ATM (asynchronous transfer mode), credit cards, telephone banking, online E-commerce solutions etc.

E-Commerce has been a major thrust behind the proliferation of the Internet, particularly the WWW. The huge growth of virtual communities – people getting together in interest groups online – promises to shift the balance of economic power from the manufacturer to the consumer. Virtual communities erode the marketing and sales advantages of large companies.

E-Commerce is the paperless exchange of routine business information using Electronic Data Interchange (EDI) and other technologies, including Electronic Mail (E-Mail), electronic bulletin boards, facsimile machines, and Electronic Funds Transfer. There are two overall categories of E-Commerce:
• Business-to-Consumer genre.
• Business-to-Business commerce

Business-To-Consumers
Such markets include shopping malls, single-vendor retail stores and electronic software delivery. Each has different technical needs. For example, a shopping mall sells a multitude of vendors’ products and may need to track payments made to various vendors and transactions performed by consumers. A software distribution site offers download capabilities, user registration capabilities, mirrored servers that provide the software, and some form of technical support.

You may not be able to make sense of the mail, phone and regulation systems in all your potential international markets, but with a WWW site, you can open up a dialogue with international markets as easily as with the company across the street. In fact, your postings are certain to bring international opportunities your way, whether it is part of your plan or not. Furthermore, you can find markets for your products that could never reach you before at a reasonable cost and to have a solution for every need to automate this process.

Business-To-Business
Many of the above prospects and concerns that take place in the business-to-consumer arena also apply to the case of business-to-business.

However, there are some significant differences. The major difference is that business-to-business electronic data must be integrated with both companies accounting systems. In effect, the purchasing company’s accounting system must interact with the supplier’s own system. While most of the business-to-consumer transaction takes place on the Internet, business-to-business transactions are usually done over an extranet.

Courtesy: Qbit Systems

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