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Explain the role e-commerce in present business scenario

explain in role of e-commerce in present business scenario


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RE: Explain the role e-commerce in present business scenario

Jyoti B Dhingra
Jyoti B Dhingra
Verified Career Expert
Education, Sports & Relationship Counselor
  • Mumbai

Hi,


This is a very interesting question. I have experienced it and i am very very impressed by the role of e- commerce in the present business scenario. I will share with you in detail about what it is and how it works. All the net working companies are depended on this system in a big way. E- commerce stands for electronic commerce. It is also known as e- trade or e- business . E- commerce is a financial transaction conducted electronically between business partners over computer network such as internet. This saves time for participants on both ends. The user can buy, sell and exchange products or services via computer network. Usually the payments are made using credit cards. So you see how important it is for any kind of business.

It has a pretty good role in our daily life also. In daily life there are many applications of e- commerce. The main services provided by e- commerce are e- mail, video- conferencing, electronic shopping, electrinic banking etc.

There are different types of e- commerce like-

- Business to business B2B
- Business to consumer B2C
- Business to Government B2G
- Consumer to consumer C2C
- Mobile commerce (M- Commerce )

It provides services through the electronic medium B2B, B2C, C2C and similar opportunity help consumer preferences and consumer markets developing electronic infrastructure for challenges of the future. E- commerce has revolutionized business, changing the shape of competition with internet, the computer communication networking creating a e- commerce market place for consumers and business.

India is showing tremendous growth in the e- commerce. There is a growing awareness among the business community in India about the opportunities offered by e- commerce.

Predictions by the experts say that it has a promising future in the 21st century. In future e- commerce will further conform itself as a major tool of sale. Successful e- commerce will become a notion absolutely inseparable from the web, because e- shopping is becoming more and more popular and natural.

Number of e- commerce deals are growing every year enormously. At the same time severe rivalry in the sphere of e- commerce services will intensify their development. Thus prevailing future trends of e- commerce will be the growth of internet sales and evolution.

I hope i have satisfied your curiosity about the subject in a best possible manner. Still if you feel like asking some thing more you are most welcome. Wish you all the success.

ALL THE BEST !!!!!!!!!

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