If you need assistance with writing your essay, our professional essay writing service is here to help! There is a transaction risk 12. E-commerce is a business model or a larger business model that allows companies or individuals through the electronic network and is usually the type of business segments in the internet. Online businesses can use this information to develop new information asymmetry, enhance their brand products, to charge higher prices, quality service and market segmentation of many groups, each of the different prices. For example, a customer will be impressed more if there is a video available on the website containing the information about the features of the products and information about how to use it or a hyperlink to the blog post explaining the uses of the product. For example, clothes and shoes are usually directed to encourage customers to go somewhere to buy. There are flexible business hours 5. For example, e-business creates huge data security risks because customers are often required to provide sensitive information, such as contact information and credit card numbers, during e-business transactions. These range from security to scalability as well as the ability to work seamlessly with your other software programs. There are no geographical boundaries 3. Features of E-Commerce Er.Sartaj Singh Bajwa Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. E-business, sure, is beneficial; however, its limitations need acknowledgement, as well. Online Business or e-business is any kind of business or commercial transaction that includes sharing information across the internet. E-commerce is the worlds reduce cognitive energy required to complete the task. The seven unique features most in this website is no problem, but the information density has some disadvantages and it’s one of the seven unique features. E-Business helps to acquire Just-In-Time Information E-business enables business organizations … In addition, also can buy or sell goods and products on the internet. Registered office: Venture House, Cross Street, Arnold, Nottingham, Nottinghamshire, NG5 7PJ. They always provide a discount and promotional code on the food ordered by the people. In addition to this, businesses can know about the problem faced by the users of their eCommerce platform and can fix them in order to reduce the loses. You can automate many of your in-house procedures using new sources of information. E-business is a general term that encompasses all forms of using digital information and communication technologies to support and optimize business processes. 18th May 2017 Ecommerce marketplace has the potential to reach millions of worldwide customers. It shortens or even eliminates marketing distribution channels, making products cheaper and vendor’s profit higher 5. Because of the ubiquitous nature of the eCommerce business, the working hours and geographical boundaries of catering increases. E-commerce is a part of e-business, so let me give you a comprehensive detail about what is e-business. E-commerce is a business model or a larger business model that allows companies or individuals through the electronic network and is usually the type of business segments in the internet. We've received widespread press coverage since 2003, Your UKEssays purchase is secure and we're rated 4.4/5 on reviews.co.uk. As a result, eCommerce technologies can adjust to each individual's experience. B2B is a type of between manufacturers and wholesalers or wholesalers and retailers. Take the example of Zomato, Swiggy, and UberEATS. E-business is a monolithic term encompassing the various business processes that aim to integrate the vendors or traders with the consumers and suppliers using the Internet. As eCommerce business is easy to set up and does not require too much investment to set up companies of all sizes can set up an eCommerce business. The standard can make technology business existing become more easily, which can reduce the cost, technique of indirect costs in addition can set the electronic commerce website 10$ / month. This is not an example of the work produced by our Essay Writing Service. Global Reach. E-business advantages are based on several key features that should benefit both the business owner and the customer. E-commerce can deliver video, audio, animation, billboards, signs and etc. To convert this type of users into buyers, you need to have easy to use eCommerce platform and even more easy to use check out portal. The reporting tool is not an essential feature of an eCommerce business, but you can certainly use to enhance the user experience on the eCommerce platform. You can follow me on Facebook. Electronic business is a broader term that encompasses other common terms such as e-commerce and e-tailing. The seven unique features were Ubiquity: available everywhere and all the time; Global Reach: users or customers can obtain total enterprise electronic commerce; Universal Standards: is shared by all countries around the world standard; Richness: complexity and message content; Interactivity: which allows for two-way communication between businesses and consumers, provide the quantity and quality of information in general; Information Density: to all market participants; Personalization: for marketing message to a specific person, by adjusting the news of interest, the name of a person and past purchases. This comes from the old K.I.S.S. An eCommerce business is a business model which let the companies set up their business on an electronic network. The richness of content and information means the content and information can be provided in the form of audio, video, and images on the website. E-business with end-to … *You can also browse our support articles here >. But the website in this regard is poor because of its language in this website is insufficient and even only a language so easily lead to consumers in the shopping website will be very troublesome, even if consumers do not understand the language may be to give up on this website shopping and even lead to this site is less and less people browse or buy. The seven unique features function is very important if no one function will make your site there are loopholes in the website, so an indispensable. An in-depth understanding of an eCommerce business is required to be established to turn it into a successful business. eBusiness is also about automation. Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UKEssays.com. Another important feature of an eCommerce business is its interactivity. There is no personal touch 9. E-commerce technology, allows customers to learn more and more consumers, more efficient use of the information. E-commerce allows your company to reach consumers anywhere in the world. You can rate any e-business platform by the value it … Ubiquity- A traditional business market is a physical place, access to treatment utilizing document circulation. The reporting tool will help you to know about the problems faced by your users immediately, and you can fix them earliest before it causes any more problems to the other users of your eCommerce platform. Ubiquitous can reduce transaction costs, and this is no need to spend time and money to consumers in a wider context, ubiquitous e-commerce reduced cognitive energy need to be traded on the market. Marketing strategies cost less 6. | EduRev Commerce Question is disucussed on EduRev Study Group by 108 Commerce Students. Advantages to business – 1. Let's stay in touch :), Your email address will not be published. Why are Visits more Important than Page Views, Top 20 Types of Email Marketing most Commonly used By Marketers, 10 Most Popular WordPress Alternatives for Starting a Blog and Website. In this article, we review some of the top eCommerce platforms and their features and include a full list of standard eCommerce features for all online stores and. Scalability | Characteristics and Features of a Scalable Business, 9 Tough Interview Questions and Their Answers. Business can be adjusted for a name, a person’s interests and past purchase message objects and marketing message to a specific individual. I am a serial entrepreneur & I created Marketing91 because i wanted my readers to stay ahead in this hectic business world. You can view samples of our professional work here. A main feature of e-commerce through commercial transactions is making money on the Internet. eCommerce businesses are the need of the hour and almost all small and large companies are taking their business online to increase their sales and to compete with the business online. Ubiquity- The traditional business market is a physical place, access to treatment by means of document circulation. Top Online Survey Tools for Surveys Explained with their Features, Joomla vs WordPress: What it is, Features, and Key differences, Cloudways Review: Features, Support, Pricing, Pros and Cons, 8 reasons having a website is important for business. Interactivity means the two-way communication between the users of the eCommerce website and businesses. Company Registration No: 4964706. E-commerce is ubiquitous meaning that it can be everywhere. However, it’s about as rich as television technology. But EDI e-commerce solutions are built on a number of features on the basis of a single dedicated software and hardware facilities. Maintaining global standards helps the users of an eCommerce website to use the website efficiently. All work is written to order. In addition to this, such content makes the eCommerce website attractive to the consumers. Ecommerce provides an opportunity to businessmen to cater to the customers seamlessly without being limited by cultural and national boundaries. Information Technology C2C is the promotion and interaction between benefit and customer. One of the most essential features of an eCommerce business is the universal acceptability of the website. As more of companies' sales, marketing and other internal business processes are conducted digitally, electronic business processes such as customer relationship management (CRM), enterprise resource planning (ERP), and content management are becoming increasingly important. For example, while shopping online, an individual is able to view different angles of some items, add products into a virtual shopping cart, checkout by inputting his payment information and then sub… Interactivity- Twentieth Century electronic commerce business technology is called interactive, so they allow for two-way communication between businesses and consumers. If you continue browsing the site, you agree to the use of cookies on this website. What is C2C (Customer to Customer)? E-business is a general term that encompasses all forms of using digital information and communication technologies to support and optimise business processes. 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