Essay On E-Commerce-1
Introduction: This is an age of science and technology. The practice, description, and terminology of any or all applied sciences of commercial value by dint of science is E-Commerce.
Contributions of science: Science has contributed one wonder after another day by day in the world. The computer is one of the most useful inventions of modern science. By opening the computer, logs on to the internet clicks a few times and within a few moments we may take the world in our hand and can go to the new world of E-Commerce. The internet has brought about a revolutionary change leading to a convergence of communicative and computing technologies.
What is E-Commerce: E-Commerce may be defined as a dynamic set of technologies, applications and business processes link enterprises, consumers and communities through electronic transactions and the electronic exchange of goods, services, and information. E-Commerce is not limited to the shopping on the internet. It encompasses all the aspects of running a business, from advertising and marketing to sales, ordering, manufacturing, distributing, customer’s service and inventory procurement.
Its impact: E-Commerce can have a very profound impact on corporate strategy because it not only changes the way a company interacts with its customers but also changes its suppliers, partners, employees or investors. In fact, electronic media have brought about a revolution in the field of business and commerce.
A few years back it was beyond our imagination. Electronic media have changed the expectations of all concerned persons in the field of commerce. Day by day E-Commerce is becoming popular all over the world.
A virtual explosion: In recent years there has been a virtual explosion in the realm of global information and marketing, as exemplified most vividly by the onset of the internet, electronic communication, and the world wide web. Between 1990 and 2000 the estimated number of internet users grew from around 1 million to 300 million.
This explosion has had a major impact on commercial activities, as firms realize the potential of the Internet to reach a consumer audience beyond the reach of traditional marketing means. The increasing popularity of the web as a vehicle for commercial and marketing enterprises is due mainly to its current size and potential for future growth and expansion.
Its global demographics and its ability to facilitate the global sharing of information, resources, goods, and services make it an attractive medium for consumers, businesses, and government.
Importance: E-Commerce is very important in the age of science, technology, and the internet. E-Commerce has given the facility of making online transactions. Producers and customers are not required to talk face to face or customers are not required to go to shops for buying products or services. They may get their required products or services staying in their houses.
It presents a lot of advantages and challenges for all parties involved. For consumers, the benefits of E-Commerce are multi-folded including increased availability of information about products. E-Commerce also includes the enormous, potential of the web as a distribution channel, a global medium for marketing communications, lower distribution costs, as the use of middlemen no longer becomes essential. Lower marketing costs as buyers and sellers are able to communicate in a direction with each other
Conclusion: E-Commerce means electronic commerce. The world has dynamic technologies for international trade and commerce. So man can run various businesses sitting at home through it.