E-commerce: E-commerce denotes buying or selling of products online. The areas of e-commerce include: Online Retailing Electric markets Online Auctions It provides online shopping for retail sales direct to consumers via web sites. It uses demographic data through social media and web contacts. It engages in retail for launching new services and products. It has online financial exchanges for trading and concurrency exchanges. Features of e-commerce: The eight unique features of e-commerce are as follows: Ubiquity: Internet technology is accessible to the customers everywhere. Global reach: It displays that e-commerce grows to each part of the world. It also allows commercial transaction among national boundaries Universal standards: It is also called as universal standards. These standards are used for organizing e-commerce business that is exchanged across the world. Richness Video, audio, and text messages are possible in these features. These features are merged into single marketing message and consumer experience. Interactivity: This feature works by communication with the user. The communication is done by a two-way method that is the consumer and supplier. Information density: Here, the technology decreases the information costs. It improves the currency, accuracy and quality. Personalization/Customization: This feature is used to deliver the personalized message to individual and also to groups. Social technology: It supports the content generation and social networking.

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Chapter 10, Problem 16CSQ

Program Plan Intro

E-commerce:

E-commerce denotes buying or selling of products online.

The areas of e-commerce include:

Online Retailing

Electric markets

Online Auctions

It provides online shopping for retail sales direct to consumers via web sites.

It uses demographic data through social media and web contacts.

It engages in retail for launching new services and products.

It has online financial exchanges for trading and concurrency exchanges.

Features of e-commerce:

The eight unique features of e-commerce are as follows:

Ubiquity:

Internet technology is accessible to the customers everywhere.

Global reach:

It displays that e-commerce grows to each part of the world.

It also allows commercial transaction among national boundaries

Universal standards:

It is also called as universal standards.

These standards are used for organizing e-commerce business that is exchanged across the world.

Richness

Video, audio, and text messages are possible in these features.

These features are merged into single marketing message and consumer experience.

Interactivity:

This feature works by communication with the user. The communication is done by a two-way method that is the consumer and supplier.

Information density:

Here, the technology decreases the information costs.

It improves the currency, accuracy and quality.

Personalization/Customization:

This feature is used to deliver the personalized message to individual and also to groups.

Social technology:

It supports the content generation and social networking.

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