ONLINE

ASSIGNMENT

Topic :

RELAVANCE OF E-COMMERCE IN

MODERN WORLD. Submitted by: - ANIL KUMAR

COMMERCE Optional .

INTRODUCTION E-commerce is a system that allows online movements buying,

selling goods, services and information .It also allows electronic

movements that support revenue generation, such as promoting the

demand for those goods and services and information. As the E-

commerce allows online sales support operations and customer service.

E-commerce can be described as an electronic market where

sellers (suppliers or companies, or stores) and intermediaries (brokers)

and buyers can communicate and offers its products and services in the

form of virtual or digital, also paid for with E- credit.

DEFINITION OF E –COMMERCE

E-commerce is a system that allows online movements buying,

selling goods, services and information.

TYPES OF E- COMMERCE

1. E –commerce from companies to individual consumers (B-C) and

can be shortened to Business to Consumer. It represents trade

between companies on the one hand and individual customers on

the other.

2. E-commerce from companies to companies (Business to Business)

and can be shortened to (B to B). It represents electronic trade

between the company and the other.

RELAVANCE OF E- COMMERCE

1. Save time and effort.

Todays clients appreciate the value of time and put it at the for

effort of anything else and want to able to follow up business in the best

time of their convenience. It is thought website that customers can place

orders in anytime they want. The customer can shopping 24 hours a day

and throughout the year and any place where there is no need or an

effort to go to a specific place to buy he needs .

3. Freedom of choice.

E-trade offers multiple options for the consumer because the

internet contain endless number of different topics and locations,

services and users can access throughout the world it allows

rationalization of the decision taken by consumers due to its large

number of sites of the flow of information in a timely and coordinated

manner and accurate , allowing easy comparison between products and

services both in terms of price or quality or method of payment and the

time required to receive the required item or service and electronic

commerce is particularly important for commerce in developing

countries where it can overcome the traditional business of distance and

lack of information.

Peoples in these countries can own products and goods that are not

available in their countries. So through the freedom of choice that

available to customers via. .the internet .They can fulfill all their

business through a network of investment services and stock trading

,finance and consulting and reservations tickets and hotel reservations

etc….

3. Electronic experiments

Allows customers to exchange experiences and view among

themselves many E-commerce sites establish forums for its members

trough which they can express their opinions about a particular

products or services and how to use them and transmission this view

between different customers and forums.

4. Flyers information

E-commerce sites when you visit it and want the client keep in

touch on this site you ask him to register in this site as a member and to

encourage him to registration you send periodical free bulletin contains

information about the goods and service offered by this site.

5. Discounts and reduction

Some E-commerce sites require any person visiting to fill an

application form to evaluate the website and to encourage visitors fill

out this form they offer certain discounts on their products or services to

those, who fills out this form or gifts or reduce discounts for a limited

period.

6. National Economy Export Development

Electronic Commerce has become affect the economies of the

countries positively to its ability to generate financial returns from

outside of export. E – trade is the key to export to the outside and opened

the way for many institutions to exceed local and regional boarders and

complete in world markets.

CONCLUSION

There are hundreds of thousands of companies and projects that

have website on the internet. E-commerce imposes itself on the

companies, projects and institutions and become significantly contribute

to the economies of the countries . E-commerce that it aims to achieve

many advantages for companies, traders and business owners or

consumers . E-commerce have different types that is B to C and B to B

etc. The modern world mostly depended and inevitable the E–

commerce.

REFERENCE

1. www.wikipedia/ e-commerce.

2. Business studies source book, SCERT.

3. Business studies text book, XII.