Emerging trends in business - class-XI

E commerce (e-commerce) or electronic commerce, a subset of e-business, is the purchasing, selling and exchanging of goods and services over computer networks.

E- Business helps in a movement towards paperless society and ecological ways of doing business as everything is done online, very less paper based transactions are involved that helps in maintaining the ecological environment.

Indian shuttler Kidambi Srikanth displayed pure class to oust defending champion Viktor Axelsen and clinch the mens singles title at the $120,000 Swiss open Grand Prix Gold. 

The internet has no boundaries, it has a global reach. Wherever the network is available, internet can be used for making our work easy and fruitful. Internet can be processed anywhere if network availability is good.

E mail can be termed as messages transferred from one computer device to another computer device. Sending messages through emails ensures efficiency and speed i.e. it takes less than a minute to send mails and also mailing facility is available 24*7 i.e. no wastage of time and money.

Network infrastructure is Internet as internet facility can only be attained with the help of network. Internet facility can only be used by an individual if the area in which he is residing has a good internet connection.

Electronic commerce refers to pursuing commerce activities i.e. buying and selling of goods over an electronic network typically,  internet. Here transactions are carried out using files, data having visual effects, sounds, animation etc.

For business purposes, digital computers are highly adaptable compared to analog computers. Analog computers have very wide range of complexities while digital computers are easy to use.

Outsourcing is a form of business where a company sets contract with an outside company for the completion of a task through electronic process in exchange of a certain amount of payment for the company. The biggest advantage of such a business is that it is open 24x7 and the customer do not have to wait for any other thing. 

ASBA stands for Application Supported by Blocked Amount, a process developed by SEBI for applying to IPOs where the application money is blocked in the bank account rather than deducted immediately.

The context in website designing, take cares that the website so designed must have the feature that enables the communication between the users of the website. This promotes exchange of thoughts, views and ideas which is a designing feature of the website. 

E-commerce or electronic commerce refers to the buying and selling of goods and services over an electronic platform such as intra-nets, extra nets and Internet to conduct a company's business.

E-commerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.

ITES refers to information technology enabled services. ITES is a form of outsource services which has involvement of IT in different fields like Finance and Banking, Insurance, telecommunication. It covers the entire area of  operations which exploit information technology for improving efficiency of organisations.

E-business has many advantages as compared to traditional form of business. Unlike traditional business, it offers convenience to both customers and sellers, speed of delivery, provides global reach i.e. anyone can take benefit of e business by ordering items online without wasting their time and money on physical outlets.

Customers avoid online transactions due to the fear of fraud as selling party is sometimes unknown to the customer and payment through credit or debit card can lead to loss to customer. This disadvantage make customers rely more on traditional form of business as compared to online business.

E-commerce does not include interactions among the various departments within the business as in e commerce business, transactions takes place through the internet and it usually does not have any specific geographical location for conducting their business.

Electronic commerce refers to pursuing commerce activities i.e. buying and selling of goods over an electronic network typically,  internet. These business transactions occur either as business to business transactions, business to consumer transactions, consumer to consumer transactions etc.

In e-business, network is more important than net worth as e-business is conducted only with the help of internet and internet can only work properly if network availability is proper in that area and transactions can be carried out easily without any hassle. 

It is true that e-business includes e-commerce. E-business is a much more wider term than e commerce. E-commerce is nothing but buying and selling of goods and services through internet while e-business also focuses on cost savings, on internal processes and maximizing efficiency.

In e-commerce type of business , transactions can be done 24*7 since there is not any store, there is also not an opening  and closing time.E-commerce provides the flexibility of time i.e. one can purchase the product whenever or wherever he wants to.

Electronic commerce refers to pursuing commerce activities i.e. buying and selling of goods over an electronic network typically,  internet. These business transactions occur either as business to business transactions, business to consumer transactions, consumer to consumer transactions and customer to business services.

A business communicates directly with customers for selling their goods, for getting feed backs as  communication between the business enterprise and customers is very necessary, without it an organisation cannot survive in the market for long run.

The main concern for e-commerce form of business is maintenance as every transaction is done with the help of internet so network availability is necessary and that involves huge maintenance cost, which sometimes become a hurdle in the functioning of business.

After the invention of Internet, everything in this world has been transformed. For example: food can be delivered by ordering online, goods can be purchased and sold through internet, one can attain knowledge through google or you tube, work from home can be done with the help of internet.

Internet is responsible for the phrase "networked individuals and firms are more efficient than networthed individuals" as internet usage depends on the network availability in a given area rather than money availability with person. Internet requires a good speed of network in an area given.

A seller can reach to a large number of people with the help of Internet. Seller can communicate with the customers worldwide as internet is used by million of people and internet has no boundaries i.e. without any restrictions. For example: Amazon is used in many nations.

Amazon, Flipkart, E bay, Ajio etc., all comes under e business as they all operates only with the help of internet. Transactions are carried out using internet between buyers and sellers. E- business has no geographical boundaries. Transactions can be carried out between sellers and customers of different nations.

The disadvantages of e business includes the lack of interpersonal relations between customers and business enterprise as they don't know about the physical existence of each other and it is not suitable where customer requires personalized services. Security is a main concern in pursuing e-commerce activities.

Electronic commerce refers to pursuing commerce activities i.e. buying and selling of goods over an electronic network typically,  internet. These business transactions occur either as business to business transactions, business to consumer transactions, consumer to consumer transactions and customer to business services.

E-Commerce in India, is the rapidly growing business platform as it includes buying and selling of goods, services and information. Goods and services that includes cameras, clothes, subscription to some law sites, placement services can be purchased and sold through internet. There is nothing in the market that cannot be purchased online.

The disadvantages of e-commerce business includes the lack of interpersonal relations between customers and business enterprise as they don't know about the physical existence of each other and it is not suitable where customer requires personalized services. Security is a main concern in pursuing e-commerce activities.

E-commerce stands for
electronic commerce where the information or trade between two parties are done
through electronic transmission of data that includes text, sound and visual images. It makes use of various electronic
platforms such as intranets, extranets and  the internet to conduct a
company's business.