What is E-Commerce? Explain with different perspectives.
Ans:
There are several ways of looking at e-commerce:
Communication: It is the ability to deliver products,
services, information, or payments via networks like the internet.
Interface: E-commerce means information and transaction
exchange: (Business to business, Business to consumer, Consumer to consumer, and
business to government.)
Business process: E-Commerce means activities that support
commerce electronically by networked connections. For Example business
processes like manufacturing and inventory etc.
Online: E commerce is an electronic environment that allows
sellers to buy and sell products, services, and information on the internet.
The Products may be physical like Cars, Computers, Books or services like news
or consulting.
Structure:
Ecommerce deals with various media: data, text, video, web
pages, and internet telephony.
Market: E-commerce is a world wide network. A local store
can open a web storefront and find the world at doorstep- customers, suppliers,
competitors, and payments services, Of course, an advertising presence is
essential.
