E-Commerce

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Object Required:

Make Your Online Shop,Clear Logo,Deals,Freebies,Free Shipping,Latest and popular products,Shopping Cart,Login Box and Search,Payment System Icon,Social Media Links, Online Chat and contacts Option,Store Finder and Trust mark.

Principle:

Importance of eCommerce in modern business. It plays an important role in the economic growth and development of nation. It is a purposeful activity includes in planning, controlling, promotion and also distribution of various goods and services.

Theory:

Electronic commerce has become one of the most popular tools to gain competitive advantages over other organizations. To enhance the efficiency and effectiveness of their business environment, some organizations use electronic business to rebuild their business strategy and transform a traditional business practice into a new application.
 Electronic commerce can be classified into two perspectives:
A) business-to-consumer
B) business-to-business

However, for each perspective of electronic commerce, the success or failure of its implementation is dependent on some key success factors. It is important for organizations to consider these critical success factors, which might affect the success or failure of their own implementation of electronic commerce.

E-commerce is important to your business, because it has...

A) Comprehensive descriptions of products

An ecommerce site provides its customers with data sheets that contain all the features and characteristics of products. The customers can also go through the details of each product before they buy it. They can read its ingredients and get background information about its manufacturers.

B) It is available through the search engines

Billions of people use search engines every day to find products that they want to buy. With a physical store, it is very difficult to reach such a large market.  It is very important to ensure that your ecommerce site shows up on the first page of results. This can be accomplished by performing an activity known as Search Engine Optimisation (SEO) on the ecommerce site.  

C)Reduce the cost of maintaining and managing inventory

Physical means of managing inventory are tedious and costly. An online store provides its owner with facilities and features that can be used to automate certain responsibilities. There is a web-based system through which you can automate the inventory in your website.  This allows you the time to do other things and also reduces the operating costs of your online store. 

D)Record and refer to the buying habits of your customers

In the world of business, information is power. The buying habits of their customers are very important for a business. The website can record the items that were viewed, the pages that were visited as well as all the items that were bought. By using this information, the owners of the online store can learn what their customers desire most then provide it. 

The Impact of Electronic Commerce 


The Impact of Electronic Commerce on Business E-Commerce and E-Business are not solely the Internet, websites or dot com companies. It is about a new business concept that incorporates all previous business management and economic concepts.
A)  Management Information System
B) Human Resource Management
C) Finance And Accounting
D) Economics
E) Production And Operational Management
F) Marketing   and
G) Computer Science

The Barriers of E-Commerce 

The drivers of e-commerce were identified and summarized there are barriers to the growth and development of e-commerce.   e. Different nations are at different stages of development of ecommerce and as such the issues tha tare relevant to one nation may not be relevant to another.
A) Commercial Infrastructure
B) Technology Infrastructure
C) Internet Infrastructure
D) Security
E) Lack of Qualified Personnel


Conclusion:

It has come to conclusion that e-commerce has undeniably become an important part of our society. The world wide web is and will have a large part in our daily lives. It is therefore critical that small businesses have their own to keep in competition with the larger websites. Since web developers have lowered down the prices for their services, it has become more affordable for small businesses to use the world wide web to sell their products. Although there are negative aspects of e-commerce, small businesses have tried to accommodate to the needs of the consumers. From the inception of the Internet and e-commerce, the possibilities have become endless for both businesses and consumers. Creating more opportunities for profit and advancements for businesses, while creating more options for consumers. However, just like anything else, e-commerce has its disadvantages including consumer uncertainties, but nothing that can not be resolved or avoided by good decision-making and business practices. There are several factors and variables that need to be considered and decided upon when starting an e-commerce business. Some of these include: types of e-commerce, marketing strategies, and countless more. If the correct methods and practices are followed, a business will prosper in an e-commerce setting with much success and profitability.

Published Date:

2018-05-28 15:42:00

Abdul Khaliq, BBA Program

                   

E: 405/2015-CO/L | M: 406/2015-CO/L

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