What are the features and advantages of e-commerce?

Understanding the advantages of ecommerce

Faster buying process.
Store and product listing creation.
Cost reduction.
Affordable advertising and marketing.
Flexibility for customers.
No reach limitations.
Product and price comparison.
Faster response to buyer/market demands.

What are the features of E Business?

Features of Online Business

It is easy to set up.
There are no geographical boundaries.
Much cheaper than traditional business.
There are flexible business hours.
Marketing strategies cost less.
Online business receive subsidies from the government.
There are a few security and integrity issues.
There is no personal touch.

Where do we use the features of e-commerce?

1. Business to Business or B2B refers to E-Commerce activities between businesses. 2….Following are the major business application areas where E-Commerce is used widely:

Sale, Purchase of Goods:
Real Estate Market:
Online Banking:
Delivery of Goods:
Import and Export:
Supply Chain Management:
E-Tailing:

What are the 7 features of e-commerce?

In E-e-commerce e-commerce site types are 7 unique features, such as the Ubiquity, Global Reach, Universal Standards, Richness, Interactivity, Information Density, and Personalization.

What is E-Commerce explain its types?

E-commerce is also known as electronic commerce or internet commerce. Transaction of money, funds, and data are also considered as E-commerce. These business transactions can be done in four ways: Business to Business (B2B), Business to Customer (B2C), Customer to Customer (C2C), Customer to Business (C2B).

What is e-commerce in simple words?

E-commerce is the buying and selling of goods and services over the internet. E-commerce can be a substitute for brick-and-mortar stores, though some businesses choose to maintain both. Almost anything can be purchased through e-commerce today.

What is e commerce banking?

E-COMMERCE IN BANKING E-Banking (Internet Banking) is an e-commerce application which allows the customers to perform any of the virtual banking functions, financial functions online in a protected and secure manner. It involves using the internet for delivery of banking products and services.

Which of the following is the best definition of e-commerce?

E-commerce (electronic commerce) 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 (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.