Roopa.mrc

Explain the role e-commerce in present business scenario

explain in role of e-commerce in present business scenario

by Roopa.mrc
1 answer
| Share :

1 answer

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

Jyoti B Dhingra
Jyoti B Dhingra
Verified Career Expert
Career Consultant at Sun Productivity Inc
  • 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 !!!!!!!!!

In order to post replies to the question: "Explain the role e-commerce in present business scenario"

Post Reply

Latest ANSWERS

iam confusing in picking up of course after my btech i want to know which course suits me pg diploma or m.s

Hi Shakee!Go for B-tech in CS. After pursuing B-Tech in computer science, you can be able to appear in following exams to design your career fruitful. .. read more

i have competed my class 12 non-med ...i want to go abroad

Please take help from the following blog - Scholarships to Study Abroad! .. read more

i am confused between comers and arts

Any option you opt, you might have a bright career in both. With the greatest opportunity such as UGC NET Exam, you can pursue your career as a Lectur .. read more

I have recently completed my graduation in BCA.But I am not confident about my programming skill, so I am not sure about MCA. I am intrested in M.Des, but confused in which Dicipline. I want to go For such a dicipline related to BCA.Please help me.

Hi Siddhartha!You must go for MCA and thereafter you can appear in UGC NET Computer Science Exam and become either an Assistant Professor or Researche .. read more
Most Popular

Which are the best colleges for interior designing in India?

In India, there are so many colleges for Architecture and Interior Design. Here I am  listing some top colleges,• National Institute of Desi .. read more

If I do post graduation (M.Sc./M.S.) in Physics, what kind of jobs can I get both in India and abroad?

Hi, After doing Post-Graduation you are eligible to appear in various entrance exams. If you are interested in research and teaching field you can sta .. read more

How much marks i need in neet 2017 to get bhms

266 marks Catagory - SC Rajasthan    .. read more

Hello Sir my self hemant Lakhotia.I want to take ur presious advise about forensic science

BSc Forensic Science is the program deals with theoretical and practical background in all the areas of criminalistics which demonstrates proficiencie .. read more
Caching Date: 8/20/2017 11:30:52 AM