INFORMATION TECHNOLOGY PRATICAL NO:- 3 Name :- BIJOY.B.MAMAN Class :- S.Y.BAF`A’ ROLL NO. 5066

INDEX INTRODUCTION TO E-COMMERCE E-COMMERCE IN INDIA IMPORTANCE OF E-COMMMERCE IN TODAY’S ERA FEATURES OF ECOMMERCE SECURITY ISSUES IN E-COMMERCE TYPES OF E-COMMERCE ADAVANTAGE OF E-COMMERCE DISADAVANTAGE OF E-COMMERCE CONCLUSION

INTRODUCTION TO E-COMMERCE E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The terms e-commerce and e-business are often used interchangeably. The term e-tail is also sometimes used in reference to transactional processes for online shopping.

E-COMMERCE IN INDIA The e-commerce market in India is estimated to grow from $10 billion every year to between $ 70 - 260 billion every year by 2025. It is also estimated that the e-commerce market is about 57% from small towns and the balance from the largest metros. The most popular use of e-commerce is on travel websites, which is done by about 70% of all e-commerce consumers in India. There are challenges to e-commerce companies operating in India - including some reluctance of consumers to pay for goods or services online. Some companies are trying to get around this problem by providing cash-on-delivery as a service to their consumers

IMPORTANCE OF E-COMMMERCE IN TODAY’S ERA In present scenario, ecommerce web development is gaining huge popularity. These stores not only help you in selling your products but also enable you to create your distinct identity on web. These days, the importance of ecommerce has increased in the business. Ecommerce can be understood as the doing business or buying or selling products or services over the internet or electronically. These electronic systems are the networks through which the desktops are connected to the World Wide Web. This has become a prominent activity over the internet. With this increasing popularity of ecommerce, ecommerce web development has also got huge importance. Thus, for the web developers, e-commerce website development has become a latest business trend. This new concept has revolutionized the way of doing business on internet. By providing the superior quality ecommerce solutions, this business has emerged as the most innovative way of doing business. Further, it has a great impact over the online business. There are a huge number of small businesses that have started their online shops. Hence, this has resulted in raising the demand of shopping cart development. E-commerce website development offers greater chances of understanding the client’s requirements and offers easy and quick interaction to approach various dimensions.

FEATURES OF ECOMMERCE Interactivity :-Technologies used in eCommerce require consumer interactions in order to make an individual feel as though he is an active participant in the transaction process. As a result, eCommerce technologies can adjust to each individual's experience. For example, while shopping online, an individual is able to view different angles of some items, add products into a virtual shopping cart, checkout by inputting his payment information and then submit the order. Personalization :-Technologies within eCommerce allow for the personalization and customization of marketing messages groups or individuals receive. Pearson Education states that companies can base such messages on individual characteristics of a consumer. An example of personalization includes product recommendations based on a user's search history on a Web site that allows individuals to create an account. Information Richness :- Users can access and utilize text messages and visual and audio components to send and receive information. Pearson Education states that such aspects provide a rich informational experience in regards to marketing and the consumer experience. An individual may see information richness on a company's blog if a post contains a video related to a product and hyperlinks that allow him to look at or purchase the product and send information about the post via text message or email.

ADAVANTAGE OF E-COMMERCE 1: Low Financial Cost. 2: 24/7 Potential Income. 3: Sell Internationally. 4: Easy to Showcase Bestsellers. 5: Personalized Online Experience. 6: Affordable employees 7:Easy to Retarget or Remarket to Customer. 8:Can Scale Business Quickly

DISADAVANTAGE OF E-COMMERCE E-commerce Lacks Personal Touch E-commerce Delays Goods Many Goods Cannot Be Purchased Online E-commerce Does Not Allow You to Experience the Product Before Purchase Anyone Can Set Up an e-Commerce Website

Security Issues in E-Commerce This massive increase in the uptake of E -Commerce has led to a new generation of associated security threats, but any E-Commerce system must meet four integral requirements: a) privacy – information exchanged must be kept from unauthorized parties b) integrity – the exchanged information must not be altered or tampered with c) authentication – both sender and recipient must prove their identities to each other and d) non-repudiation – proof is required that the exchanged information was indeed received

TYPES OF E-COMMERCE 1. Business-to-Business (B2B) Business-to-Business (B2B) e-commerce encompasses all electronic transactions of goods or services conducted ​​between companies. Producers and traditional commerce wholesalers typically operate with this type of electronic commerce. 2. Business-to-Consumer (B2C) The Business-to-Consumer type of e-commerce is distinguished by the establishment of electronic business relationships between businesses and final consumers. It corresponds to the retail section of e-commerce, where traditional retail trade normally operates. 3. Consumer-to-Consumer (C2C) Consumer-to-Consumer (C2C) type e-commerce encompasses all electronic transactions of goods or services conducted ​​between consumers. Generally, these transactions are conducted through a third party, which provides the online platform where the transactions are actually carried out. 4. Consumer-to-Business (C2B) In C2B there is a complete reversal of the traditional sense of exchanging goods. This type of e-commerce is very common in crowd sourcing based projects. A large number of individuals make their services or products available for purchase for companies seeking precisely these types of services or products. 5. Business-to-Administration (B2A) This part of e-commerce encompasses all transactions conducted online between companies and public administration. This is an area that involves a large amount and a variety of services, particularly in areas such as fiscal, social security, employment, legal documents and registers, etc. These types of services have increased considerably in recent years with investments made in e-government. 6. Consumer-to-Administration (C2A) The Consumer-to-Administration model encompasses all electronic transactions conducted between individuals and public administration.

CONCLUSION In general, today’s businesses must always strive to create the next best thing that consumers will want because consumers continue to desire their products, services etc. to continuously be better, faster, and cheaper.  In this world of new technology, businesses need to accommodate to the new types of consumer needs and trends because it will prove to be vital to their business’ success and survival.  E-commerce is continuously progressing and is becoming more and more important to businesses as technology continues to advance and is something that should be taken advantage of and implemented. From the inception of the Internet and e-commerce, the possibilities have become endless for both businesses and consumers.  Creating more opportunities for profit and advancements for businesses, while creating more options for consumers.  However, just like anything else, e-commerce has its disadvantages including consumer uncertainties, but nothing that can not be resolved or avoided by good decision-making and business practices. There are several factors and variables that need to be considered and decided upon when starting an e-commerce business.  Some of these include: types of e-commerce, marketing strategies, and countless more.  If the correct methods and practices are followed, a business will prosper in an e-commerce setting with much success and profitability.

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