Benefits of E-commerce
Electronic Commerce or E-commerce is a term used for any type of
transaction or business that involves the transfer of data across the internet.
E-commerce covers a wide range of different types of Businesses. In other
words, E-commerce is a process of buying or selling goods or services on the
internet. E-commerce started in the year 1960 via an Electronic Data
Interchange (EDI) on Value Added Networks (VANs). The rise of eBay & Amazon
in the year 1990 revolutionized the E-commerce industry. People can now buy
books, household items, toys, garments, grocery etc., online, from the comfort
of their home.
There are rising numbers of Websites available online which are
selling products & services directly to the consumers. There are also
online stores which cater to Business to Business (B2B) sales. Accordingly,
E-commerce can be subdivided into three categories: Business to Business (B2B)
(e.g. Adobe, Cisco, Xerox etc.), Business to Consumer (B2C) (e.g. Amazon,
Flipkart, Snapdeal etc.) and Consumer to Consumer (C2C) (e.g. OLX, eBay, Quikr
etc.)
E-commerce has distinct advantages over it traditional
counterpart. E-commerce is much faster, convenient, easy, wide range of
choices, comparison with other websites for a similar product, quicker
deliveries, easily returnable, free trial periods, grievances are handled with
quick response, round the clock availability (24/7), business beyond
boundaries, better customer services, cost effective, digital transactions,
minimum inventory cost etc.
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