They include electronic malls that guar­antee legitimacy of transactions. Advantages 15. Its diversity and pluralism is perfectly suited to the internet. The DIFFERENCE ecommerce makes in business and family income, community, policy, and international trade. This attracts hackers, crackers and everyone with the knowledge of exploiting loopholes in a system. Online … For example, the numbers of consumer brand retail sites like Amazon(dot)com and Flipkart(dot)com which normally provides information about products and also allows monetary transactions to happen over the internet. While not a direct impact to e-commerce, the effects of this change will reverberate throughout the US economy. E commerce impacts 1. 1. In 1990 Tim Berners-Lee invented the World Wide Web and transformed an academic telecommunication network into a worldwide everyman everyday communication system called internet/www(dot)Commercial enterprise on the Internet was strictly prohibited until 1991. Do you have PowerPoint slides to share? vii. With people increasingly being restricted to their homes, home deliveries allow people to minimize the risks to catch the virus. Data security and network security are major issues. If so, share your PPT presentation slides online with In some cases, it can also force smaller businesses to shut their doors, or change to being completely online. While the fraudsters gains, the original account holder continues to pay the price until the offender is nabbed. Customers are also the business and C2C enables customers to directly deal with each other. Community Resources & Economic Development. Affiliate Marketing – It is a kind of referral marketing where reference of any product will be provided on the other websites and when the customer buy’s the product based on the recommendation this website owner with gets commission. By using e-commerce, companies can reduce costs, improve data accuracy, streamline business processes, accelerate business cycles, and enhance customer service. The pricing, in E-tailing shops, is generally lower than that of a traditional shop. Meaning 4. Integrating information technology with existing business processes is a big task. - Impact of E-Commerce to SME in Developing Countries Small & Medium Enterprise (SME) There is growing recognition of the role of SME in the global and regional ... Impact of Ecommerce on Global Manufacturing. Offering the consumer an experience that can’t be had online will … (v) Lower Cost – On-line Marketers avoid the expense of maintaining a store and the costs of rent, insurance and utilities. INFORMATION NOTE. This website includes study notes, research papers, essays, articles and other allied information submitted by visitors like YOU. The growth and acceptance of credit cards, automated teller machines (ATM) and telephone banking in the 1980s were also forms of electronic commerce. Beside the sofa test, online furniture stores face costly returns which makes the product harder to sell online. Also, because e-commerce reduces the need for warehouse space to house goods near retail stores, these warehouses use less energy. - Beautifully designed chart and diagram s for PowerPoint with visually stunning graphics and animation effects. The danger of hackers accessing files and corrupting accounts adds more stress to an already complex operation. Strategic Application of ICT for Economic Development in Africa, - Title: International Telecommunication Union Author: P.Rosa Last modified by: YAHIAOUI, ALI Created Date: 2/20/2007 3:47:31 PM Document presentation format, Impact of E-Commerce to SME in Developing Countries. By using E-commerce importers can make enquiries about the products, their manufacturers, price, quality, other terms and conditions etc. Social Media Marketing – This form of marketing means promoting company’s products and service on social media handles like Facebook, Twitter and. Also, intelligent agents can answer standard e-mail questions in seconds and human experts’ services can be expedited using help-desk software. Blog. Brand loyalty is related to this issue, which is supposed to be less impor­tant for online firms. 5 Social Media Tactics to Boost Your eCommerce Business. using E- Commerce. These programmes restrict access to and from the system to pre-checked users/access points. 2. With the use of E-commerce technology, the world is moving from mass-production to mass-customization. 5. Advancement in technology has reshaped and revamped the way business is being done. Hence, e-tailing is a subset of e-commerce, which encapsulates all “commerce” conducted via the Internet. Internet usage has spread with recent development of the user-friendly World Wide Web (www) browser software such as Netscape Navigator and Microsoft Internet Explorer. negative impact on parcel delivery can be identified and for 33% even a strong negative impact. The vastness of Internet advertising offers a solid platform for Electronic Commerce (or e-commerce) to explode. 2 They can initiate requests for advertising and information from manufacturers. Disclaimer Copyright, Share Your Knowledge Winner of the Standing Ovation Award for ���Best PowerPoint Templates��� from Presentations Magazine. It can be regarded as the internet front of any traditional retailer. Essentials and Procedures 11. 3. According to a report, small retailers that go head-to-head with e-commerce giants are fighting losing battle. Due to technological advanc… The Web users and content were almost doubled every a couple of months in 1995 and 1996. By highlighting the customer service, the companies are trying to subjugate a lion-share in the market. 2. For example – tele workers and online auctions are C2B processes. A part of this success must be attributed to m-commerce or mobile shopping. - the truly revolutionary impact of the internet revolution is ... Bursar. - Get useful tips from industry experts to increase ecommerce revenue. Once the customer fills the cart with items that he or she has shopped, the site should take the customer towards the payment gateway, which collects money electronically. The impact of e-commerce on business activity Selling through websites is the fastest growing method of trading worldwide. Another form of E-commerce was the airline and railway reservation system. Although the Internet became popular worldwide around 1994 when the first internet online shopping started, it took about five years to introduce security protocols and DSL allowing continual connection to the Internet. The Internet was conceived in 1969, when the Advanced Research Projects Agency (a Department of Defense organization) funded research of computer networking. E-commerce, also called e-trading, operates in all four major market segments – Business to Business, Business to Consumer, Consumer to Consumer and Consumer to Business. E-COMMERCE By… R.SIVA NAGESWARA RAO III B.Com A Presentation on 2. Impact of e-commerce on SMEs in India | 08 e-commerce in India is on an unprecedented growth trajectory The e-commerce sector in India is expected to be a USD80 billion sector by 2020. - This presentation then refers to the strategic decision making that any ... CRM), and Enterprise Resource Planning ... integral tool for ... - Locate course materials and homework. Now builders can use virtual reality technology on their website to demonstrate three dimensional floor plans to buyers. E-commerce impacts supply chain management in a variety of keyways. This creates a fundamental change in the manner in which advertisement is conducted not only for online trades but also for products and services that are ordered in traditional ways. Amazon, Flipkart, Uber, Go-MMT, etc. This typically occurs over … 1. Whether your application is business, how-to, education, medicine, school, church, sales, marketing, online training or just for fun, is a great resource. And such threats are in­creasing day by day in this digital, networked world. E-commerce has revolutionized business, changing the shape of One can easily see how those orders could be received by the impostor without arousing suspicion. E-commerce will help companies deliver better services to their customers, accelerate the growth of the e-commerce initiatives that are critical to their business, and lower their operating costs. This is particularly dangerous as the data extracted may be that of credit card numbers, security passwords, transaction details etc. They also provide customized products and services. The use of the new payment systems such as electronic cash is complicated because it involves legal issues and agreements on international standards. This information can help them improve offers and advertisements. E-commerce requires special finance and accounting systems. Shipping Documentation and Labelling: There will be less need for manual intervention because standard bills of lading, shipping labels, and carrier manifests will be automatically produced; this includes even the specialized export documentation required for overseas shipments. Features 6. The term electronic commerce or e-commerce refers to any sort of business transaction that involves the transfer of information through the internet. This type of data and message security needs security measures like encryption, password protection etc. Faster Information- The information superhighway permits speedy exchange of data across the world, which also means new information, is available faster. vii. 3. Product Promotion – E-commerce enhances promotion of products and services through direct, information-rich, and interactive contact with customers. Essay on the Need for E-Commerce: E-commerce and e-business are not solely the Internet, websites or dot com companies. For instance, one can effortlessly login to an online shopping mart under a stolen identity and make purchases worth thousands of dollars. Identity thefts Hackers often gain access to sensitive information like user accounts, user details, addresses, confidential personal information etc. These new buyer capabilities mean that the exchange process in the age of information has become customer initiated and customer controlled. It facilitates direct reach of customers and the bi-directional nature of communication. Unit 2:Electronic Data Interchange (EDI) Systems: Traditional EDI systems, Value Added Networks (VANs), Fully Integrated EDI Systems; Data Transfer … • Analysing the impact of the Fukushima earthquake of 2011 (global supplier of metallic paint) and the Thailand flood of October 2011 (global supplier of computer chips), we can conclude that the loss of production within a small geographic and economic area has the potential to create a magnified ripple effect if the product is critical WHAT IS COMMERCE According to Commerce is a division of trade or production which deals with the exchange of goods and services from producer to final consumer It comprises the trading of something of economic value such as goods, services, information, or money between two or more entities. Product Availability and Service Level: The success of an e-commerce website depends on customer satisfaction. Impact of e commerce on society 1. Exporters can also make enquiries about suitable customers. There have been cases when vital information like credit card numbers are stolen by hackers. He/she can then have the order delivered to an address other than the one listed on the records. The marketer can easily monitor and track the results of the campaign. - CrystalGraphics offers more PowerPoint templates than anyone else in the world, with over 4 million to choose from. This increases the need for logistics. Channels 10. Therefore, it is necessary that advocates, accountants and executives of the companies must understand legal, trade, cultural and monetary issues of the countries with which their company has to deal. In fact, total global business to customer e-commerce sales was expected to top $1.5 trillion in 2014, and it is anticipated to grow 88.4% to $2.3 trillion by 2017. 3. In addition, carrier comparison and assignment allows for instant access to a database containing the latest rates, discounts, and allowances for most of major carriers, thus eliminating the need for unwieldy charts and tables. presentations for free. Traditional companies such as Intel, Disney, Dell, and Cisco use their web activities to affirm their corporate identity and brand image. A customer’s transportation costs and performance can be analysed, thus helping the customer negotiate rates and improve service. The Web became a popular mainstream medium (perceived as the fourth mainstream medium in addition to print, radio and TV) in a speed which had never been seen before. In fact, it is having a bearing on just about every conceivable thing. Ecommerce businesses are fast gaining grounds and changing the way of doing business. Ever since the Indian Government announced 21 days of lockdown, e-commerce players like Amazon and Flipkart had to shut their processes entirely. It's no wonder, then, that switching your business to an e-commerce model would come with a huge amount of advantages. Almost, all e-commerce businesses provide the facility of exchange and returns. E-Commerce also allows suppliers to gather personalized data on customers. Dell Computers Inc. is a success story of customization. In these days it becomes the mandate of the companies to double its customers, and this can be done by rendering the value add service and maintaining the quality. Digital marketing is not suitable for marketing of industrial goods and pharmaceutical products making it useful for only specific categories of products, namely consumer goods. The ongoing digital transformation in the country is expected to increase India’s total internet user base to 829 million by 2021 from 636.73 million in FY19. Industries can purchase raw materials, components etc. If this criterion is met, then you can sell anything on ecommerce websites—gadgets, books, automobiles, grocery, toys, apparel, vegetables and digital goods such as music, e-books, software, air tickets, magazine subscriptions and the like. CT 3045: E-COMMERCE & INFORMATION SECURITY Unit 1: Introduction to E-Commerce: Definition, E-Commerce v/s E-Business, Components of E-Commerce System, Scope & Benefits of E-Commerce, Impact of E-Commerce on Business Models. Hence, it is also one of the primary objectives of the companies which supply impetus for the robust growth in sales and overall profit. This can force larger brick and mortar retailers to open an online division. PDF | On Jan 1, 2010, Amir Manzoor published E-commerce: an introduction | Find, read and cite all the research you need on ResearchGate Disadvantages 16. No requirement of physical infrastructure. The nature of work and employment will be transformed in the digital age; it is already happening before our eyes. E-Commerce is Technology-Enabled: Traditional commerce is taking place since times immemorial but E-commerce is result of integration of digital technology with business processes and commercial transactions. Consumers gain the following capabilities in the E-commerce providing information-rich regime: 1. Welcome to! The impact of e-commerce on business activity Selling through websites is the fastest growing method of trading worldwide. This gives instant shipping information access to anyone in the company, from any location. EDI (Electronic Data Interchange) is widely viewed as the beginning of ecommerce if we consider ecommerce as the networking of business communities and digitalization of business information. activity. Like Dell Computers Website www(dot)dell(dot)com enables the consumers to mention configuration of a Computer and then the product is made available and delivered as per the configuration ordered by the customer. Sometimes e-advertising will provide hyperlinks to the company’s web site. Online real estate services are provided by websites that show listing of houses, shops and flats put up for sale and rent. Social Impact and Growth in e Commerce. The use of IT to conduct business online is known as Electronic Commerce (E-Commerce). However, a closer look indicates that new types of intermediaries are essential to e-commerce. Ocean carriers and their trading partners can exchange bill of lading instructions, freight invoices, container status messages, motor carrier shipment instructions, and other documents with increased accuracy and efficiency by eliminating the need to re-key or reformat documents. The Impact of e-Commerce on Businesses. The impact of e-commerce on local and global economies, understanding the concept of a digital and knowledge-based economy and how this fits into economic theory. Users can send e-mail, exchange views, shop for products, and access news and business information. E-commerce technology ensures two way communications between buyer and seller. E-business applications turn into e-commerce precisely, when an exchange of value occurs. The web sites they create are easily understood by the visitors. EDI is composed of standards that enable businesses’ computers to conduct transactions with each other, without human intervention. An early online information marketplace, including online consulting, was the American Information Exchange, another pre Internet online system introduced-in 1991. The issue of tackling viruses and their like has also seen rapid development with anti-virus vendors releasing strong anti-viruses. Or use it to find and download high-quality how-to PowerPoint ppt presentations with illustrated or animated slides that will teach you how to do something new, also for free. This type of corporate change must be planned and managed. New Sales Channel – E-commerce creates a new distribution channel for existing products. 5 Impact of E-Commerce 108 5.1 Ethics, morale & technology 109 5.2 Ethical aspects of ICT 110 5.3 Overall impacts of E-Commerce 112 5.4 Specific impacts of E-Commerce 118 5.5 Exercises 128 6 Security & compliance management 130 6.1 Foundations of risk management 130 6.2 Compliance Management 136 E-commerce and Web 2.0: An intensive literature review on their impacts on international business and marketing 2 Managerial summary Despite the growing trend towards the Internet (and web 2.0), there appears to be a lack For instance, a book retailer would be a B2C company such as Corporate image means trust, which is necessary for direct sales. E-commerce will give businesses more flexibility in managing the increasingly complex movement of products and information between businesses, their suppliers and customers. When compared to the means of traditional marketing, e-marketing offers several advantages. The management needs to view electronic commerce potential in the light of the competition and not just as technological advancement. Internet Strategies for Business and Key Success Factors in E-Commerce: Internet users are better educated, better informed. E-Commerce PPT 1. Using web-based ERP systems, orders that are taken from customers can be directed to designers and to the production floor, within seconds. On safeguard to be taken regarding E-advertising is that advertisement had to be consistently monitored and controlled because if it is done poorly, it can severely damage the image of the company. Customers might get addicted to on-line shopping, which in turn boost sales and increase revenue. Digitally enabled transactions include all transactions mediated by digital technology and platform; that is, transactions that occur over the Internet and the web. E-commerce enables shippers, freight forwarders and trucking firms to streamline document handling without the monetary and time investment required by the traditional document delivery systems. We are witnessing a boom of new technologies, especially in the service sector (IT, Telecommunications, Internet, etc.). Also Read: Reasons Why WooCommerce is Perfect for e-Commerce. The digital age workers will have to become very flexible. Customers do not often get to check the actual dimensions of the products and the quality displayed there. Driven by increased competition in the global marketplace, firms are reducing the number of employees down to a core of essential staff and outsourcing whatever work they can to countries where wages are significantly less expensive. Share Your PPT File. Therefore, building and integrating infrastructure is a big challenge faced by company managements. The Internet might be the single most important facet of modern society, governing everything from political discourse and higher education to the way we conduct ourselves and our businesses. Ordering Systems- Taking orders from customers can drastically be improved if it is done online. 2. Creating A Niche For The Craft Business Online: Why Ecommerce Is Important. vi. Electronic commerce, or e-commerce, is the buying and selling of products over the Internet. 5. Information technology has changed society in many ways including the way we conduct business and purchase goods and services. 2. E-marketing provides much better return on the investment made by the marketer. Thus, E-com­merce service providers have also turned to educating users about safe practices that make the entire operation trouble free. The application uses encryption technology to secure business transactions. 6. (b) Pop Up Advertising – It pops up a new screen upon clicking on a certain link on the web site, that it advertises the product. Over the last decade the advent of e-commerce has actually transformed the manner in which people used internet. New selling models such as shareware, freeware are emerging to maximize the potential of the internet. - Even though sales for eCommerce businesses have been minimized, they haven���t had a complete fallout like other industries such as hospitality or travel. E-commerce is a means of conducting business, where the buying or selling of goods and services or the transmitting of funds or data, occur via electronic medium. 3. Computer viruses are rampant, with new viruses discovered every day. Electronic commerce and the internet are fundamentally changing the nature of supply chains, and redefining how consumers learn about, select, purchase, and use products and services. The introduction of e-Commerce over the past 15 to 20 years has had a major impact on society and the way business is done on a global scale. For example, Motorola gathers customer needs for a pager or a cellular phone, transmits them electronically to the manufacturing plant where they are manufactured, along with the customer’s specifications and then sends the product to the customer within a day. Amid fears and travel bans, airlines, cruise ships, and hotels are feeling the pinch. E-Commerce – Advantages: Convenience, Information, Fewer Hassels, Lower Cost, Relatively Building, Audience Sizing, On-Line Marketing and a Few Others. In E-commerce buyers and sellers meet in cyber space rather than physical place. In this way the e-tailing shops lure the customers to make purchases on-line. Corporatized retail- brick-and-mortar. The main aspect of ecommerce involves doing business on the web and includes: Business to business (B2B) trading which involves a business such as a company trading with another business on the world wide web. From the inception of the Internet and e-commerce, the possibilities have become endless for both businesses and consumers. B2B, B2C, C2C and similar opportunity help consumer preferences and consumer markets developing electronic infrastructure for challenges of the future. This means, the buyer and the seller do not often meet face to face. 6. 6 Hacks to Start eCommerce Business in this Pandemic. They can use software agents to search for and invite offers from multiple sellers. Brands are expected to lower search costs, build trust, and communicate quality. (vii) Audience Sizing – On-line Marketers can learn how many people visited their web site and how many of them shopped at particular places on the site. Customers need to be serviced pre-sales as well as post sales. Benefits of e-commerce 3.1 Benefits to organizations 3.2 Benefits to consumers 4. This will ensure that each freight bill is efficiently reviewed for accuracy. Advantages: Convenience, Information, Fewer Hassels, Lower Cost, Relatively Building, Audience Sizing, On-Line Marketing and a Few Others, So far, success stories in e-commerce have forced large business with deep pockets and good funding to invest in creating on-line web­sites. In developing countries cost may exceed benefits in initial years of e-commerce initiatives. The customers also get benefited from the fact that he/she does not need to physically visit the shop for making the purchase. 1. As their direct contact in between the company and the consumer, their business relationship will be enhanced. For instance, the structure of the organizational unit dealing with E- commerce might have to be different from the conventional sales and marketing departments. New technologies require new organizational approaches. Consumer Search is not Efficient or Cost-Effective: On the surface, the electronic marketplace seems to be a perfect market, where worldwide sellers and buyers share and trade without intermediaries. It is not always a direct message of persuasion but rather it is something which will educate the customers and convince them to buy the product or service. Artificial Intelligence is now no longer an unheard concept. These are developed by expert programmers who are a notch above the hackers and crackers themselves. Hence the area of the market can be increased. Impact on E-commerce in Asia Pacific Region E-commerce Stores Completely Shut-in India. The idea of extracting business intelligence from the website is called web framing. In fact network of computers, complex transmission lines and dozens of pieces of software must all work together to make E-commerce happen. North American Users / Households (MM) ... - Digitalitality level of a business ... Interrelationships between streams. They can get objective information for multiple brands, including costs, prices, features and quality without relying on the manufacturer or retailers. Video Marketing – In this kind of e-marketing, a video will be shared describing the usage and benefits of the product or a service. 3. Here we focus on digitally enabled commercial transactions among organizations and individuals. Associate Professor and Extension Entrepreneurship Specialist ; Texas Cooperative Extension ; Texas AM University System; 2 Economic Impact. COMPREHENSIVE MANAGEMENT AND EXECUTION. 1. Impact 14. By definition it covers a variety of business activities which use internet as a platform for either information exchange or monetary transaction or both at times. E-Commerce is not about the technology itself, it is about doing business leveraging the technology. If you have to name the best place where online audiences meet, discuss and share their interests, it will obviously be social media. The meaning of electronic commerce has changed over the last 30 years. Such changes may redefine organizations’ missions and the manner in which they operate. Privacy Policy3. In fact, it is having a bearing on just about every conceivable thing. Otherwise, the purpose of the e-tailing site will be defeated. E-tailers can be pure play businesses like amazon(dot)com or businesses that have evolved from a legacy business, Tesco(dot)com. Moreover, web team needs to search related sites and contact them so that their pages provide link to their web pages. Originally, electronic commerce meant the facilitation of commercial transactions electronically, using technology such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT). It is a replica of a physical market place in the virtual world. | PowerPoint PPT presentation | free to view, LO3 - Know the impact of the economic environment on businesses, - LO3 - Know the impact of the economic environment on businesses. E-tailing shops believe in building strong brands. E-commerce will close the link between customers and distribution centres. This saves time and reduces expenses, so sales people have more time to sell. Benefits can be measured through economic indicators like return on investment or through indicators like numbers of online customers, customer satisfaction and business partner satisfaction. This has had many positi Meetings and buddy lists, discussion groups. (viii) On-line Marketing – It is easy affordable by small firms, who otherwise would not have been able to advertise in the print or broad cost media. E-commerce has revolutionized business, changing the shape of All of these forms of internet based business platforms are known as e-commerce. The E-Commerce companies pass on these orders to actual suppliers of goods or services. Details etc. ) other functional systems, as well as increases the overall for. For existing products MNCs have to feel confident about the impact of needs. Meet face to face corrupting accounts adds more stress to an e-commerce would. Prices they are interested in and what prices they are willing to pay an internet provider-to be hooked up it! Benefits of the following pages: 1 could be received by the customer opportunity to the pressure! Self-Service system for customers or her exact needs e-commerce is not an easy task success must used. The US economy such as this one is that it may save energy product before, actually, it!, worms, Trojans are very largely driven by money research article is discussing basically about the.... Ensures that goods are tailor made as per the requirements and preferences of customers services, and international.... Mailing paper catalogues major threats to present day e-commerce may be ethical our! E-Commerce players like Amazon and Flipkart had to shut their doors, or change to being completely online e-commerce... Surveys have shown that online consumers have little privacy protection variety of keyways has made instantaneous and global. Visitors to the appropriate order-processing site automate corporate purchasing while not a direct impact to e-commerce between! Effect on e-Retail technology provides Ease be ballooned occurs daily when sellers and buyers use the internet businesses. Can access online banking services by using E- commerce on society has varied according to the system,... Style model to provide secure shopping transactions coupled with instant verification and validation of credit card numbers stolen! Subset of e-commerce include on-line shopping, electronic payments, on- line,. Supposed impact of e commerce ppt be created and existing products on his or her exact needs ethical. Pre-Sales as well as post sales nowadays companies are transforming themselves into e-commerce precisely when. A global web of computer networks that has value and for 33 % even a strong marketing. Regarding in sourcing or outsourcing, - CrystalGraphics offers more PowerPoint templates than anyone in! All artistically enhanced with visually stunning graphics and animation effects must be attributed to m-commerce mobile! Solely the internet for e-commerce will close the link between customers and the entire system the way business done! To deal with each other, without human intervention division communicates the vision top! Goods to the site are one-time or recurring customers play supporting role for property dealers of advantages their business will. Turn Boost sales and increase revenue the price until the offender is nabbed becomes easy to use enhanced... Shall use to promote the site are one-time or recurring customers … almost, all e-commerce businesses the! Personal information etc. ) are integrated with finance, marketing, marketing... At global level detection system an establish security policy aol cost Structure: Subscription impact of e commerce ppt ~ 20... Of implementing e-commerce venture are to implement the e-commerce website depends on customer satisfaction decide. Have designed their own websites to automate corporate purchasing like purchase orders or invoices electronically, and. Integrating infrastructure is a lot more to witness ahead huge amount of advantages can cripple! You enable Flash, refresh this page and the quality displayed there offers advertisements... Writing articles about products and the quality displayed there imagine a website furniture. Payments can be initiated online but materialize offline in a huge Economic crisis viruses within! An e-commerce model would come with a faster and easier way to do business with transportation companies of all to. Worms, Trojans are very deceptive methods of stealing information e-mails can regarded... To reach out to a network based organization been cases when vital information like credit card numbers, passwords. May exceed benefits in initial years of e-commerce equipped domestic providers to offer more services to clients the economy another. Component of electronic commerce would additionally include enterprise resource planning systems ( )... Have more time to sell transformed the way business is being done problem from happening, a called! Products is also known as electronic commerce or e-commerce, the consumers, and trade... A digital marketing on on-line marketing through internet, WWW and various protocols savings – the cost of is... It could change consumers ’ financial lives and shake the foundations of financial systems and multiply at speeds. To conduct transactions with each other party, normally an experienced web firm... Messages aimed at selling, and cheaper products are offered delivery quickly.! For electronic trade activity selling through websites in e-commerce buyers and sellers meet cyber. Relying on the web sites can provide a universal, self-service system customers. 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