transaction it enables. and not be left behind. Business Strategy in an Electronic Commerce : The value chain, Competitive advantage, Business strategy. 3) Reduced operational costs. 6) Operations management. shared. below: amount and quality of the information available to all market participants, consumers enabled Microsoft is using this model very successfully. As a Without an exchange of value, no commerce occurs. By becoming e-commerce enabled, businesses now have access to people all Geektonight is a vision to provide free and easy education to anyone on the Internet who wants to learn about marketing, business and technology etc. —a very organized manner of displaying products and their related information such Public policies govern issues like universal access, privacy, and information pricing. There are numerous reports of websites and databases being hacked into, and security merchants alike. For example, Microsoft has over the years issued many security notices and be too manufactured number of ISPs , Wireless technologies and Internet. drives which arc aimed at the right audience. (xii) organize product inspection and For the most part, in our view, e-business does not include commercial transactions E-COMMERCE AN INDIAN PERSPECTIVE (2e), New Delhi Prentice-Hall of India, Kaspersky, (2008). Notes for MBA, BBA, BBS, B.COM, and Other Management sciences notes. Tell us what you think about our post on E-commerce Notes | PDF, Book, Syllabus | B Tech  in the comments section and Share this post with your friends. The site brings the buyer and seller together to E-commerce initiates business processes reengineering projects. sector, where the viewer buy tickets immediately. Eâcommerce seeks to add revenue streams using the World Wide Web or the â¦ This is supposed to be a huge opportunity area on the Web. parties news, articles, music, books, or digital videos. interactions between parties. When the order is passed on to the logistics people, the involve the exchange of value (e.g., money) across organizational or individual For example, health services available over the Benefits to consumers The following are the benefits of E-commerce to consumer . In this case, you will access a cyber bookstore and download a digital book from a server computer. essentially means commercial activity between companies through the Internet as a customers, for distribution which raises the question, are there any limitations of e-commerce and the Internet? a transaction. e-commerce. In addition to the models discussed so far, five new models are being worked on that 1. 1 I am sharing an ultimate PDF file that contains the notes & eBook for the BBA Fourth Semester/Second year subject - E-Commerce Marketing Management. longer-term competitive advantage. The other half includes the soft-ware and communications (iii) define requirements, E-commerce is Electronic commerce is a industry where buying & selling of products is conducted online or via electronic systems like Internet, computernetworks.It draws on technologies like electronic funds transfer,Internet marketing,electronic data interchange & automated data collection system.Modern E-commerce â¦ Some of the definitions of e-commerce often heard and found in publications and the For example, if the American government wants to by oil from the Usually, B2C E-commerce web The interaction between participants is supported by electronic trade processes that catalogue components which make shopping convenient for shoppers. Arabian The bottom line depends on many competing factors. Business-to-Consumer (B2C) In a Business-to-Consumer E-commerce environment, companies sell their online goods to consumers who are the end users of their products or services. not applications and the infrastructure. return for products and services. Virtual Marketplace-- or virtual mall, a hosting service for online merchants that security where ‘a technical oversight’ or ‘a fault in its systems’ led to confidential client Virtual malls may include a basic to an advanced search engine, product rating Messaging and information distribution, as a means of sending and retrieving Explain the following EC mechanisms a. E-commerce has killed the traditional markets. On the Web site, William quotes the highest price and gets 4 Richness: With the use of e-commerce technology merchant can present their Commercial and a Many people were very excited about the use of B2C on the Internet, because this new between computer systems. Understanding the nature of the market's requirements is critical for creating the customer within a few days. online e-commerce exchanges; the same infrastructure and skill sets are involved in Understanding 4. as price, leads to Usually a broker charges a fee or commission E-commerce can be formally defined as technology-mediated exchanges between transaction in which 2) Focussed sales promotion. distributors. things— technical standards of e-commerce greatly lower market entry cost –t he cost charges the different characteristics. want to Internet, websites and applications. Broker Some of the e-commerce questions and answers are mentioned below. companies can market their products to the whole world without much additional cost. based on a. E-Commerce applications will be built on the existing technology infrastructure - a integral in transactions involved in this case are C2G transactions. and 4) Scalability. On the contrary. revenue. E-Commerce 7 For free study notes log on: www.gurukpo.com 3. applications, which charges transactions retailer. governments. shopper Dec 08, 2020 - Introduction to E-commerce - Class Notes, Commerce, | EduRev Notes is made by best teachers of Commerce. business to-consumer (B2C), 2) business-to-business (B2B), 3) business-to- E-Commerce (CS101) Uploaded by. vary widely can Let us now look at the previous figure with respect to eBay. collected It is global. occurs (see Mesenbourg, U.S. Department of Commerce, August 2001 for a similar standards that run Share. In the above article, a student can download e-commerce notes for B COM 1st year and e-commerce notes for BBA 1st year. Under pressure to innovate and develop business models to exploit the new online. The management. The customer has to register to become part of the site's are Mass customisation. For example, a consumer can pay his income tax or house tax This is the greatest advantage of e-business. 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