What is E-Commerce and its scope?

What is E-Commerce and its scope?

Electronic commerce (e-commerce) is the marketing, buying and selling of merchandise or services over the Internet. It encompasses the entire scope of online product and service sales from start to finish. E-commerce facilitates the growth of online business.

Where is the scope of e-commerce?

The scope of ecommerce has been extended to the next level when dealing online. Sellers can offer both pricing b2b and b2b both when listing items on the e-commerce website like Amazon. Business customers are able to see bulk pricing if they are on the platform for bulk purchasing.

What is the scope of e business?

Scope of e-business is very wide. B2C Commerce: Business to Customer—Transaction taking place between business and individual customers. It facilitates promotion of products on line. e.g. music or film. Companies sell products and services on line to customer e.g. Amul.com sell Amul products online.

Which E-commerce is best in India?

Top 7 e-commerce websites in India

1. Amazon. Amazon is one of the biggest online stores with a global presence.
2. Flipkart. Flipkart is an Indian based e-commerce venture and over the years, it has garnered a lot of interest in the minds of Indian consumers.
3. Jabong.
4. Snapdeal.
5. Myntra.
6. Shopclues.
7. PayTm.

Is e-commerce good for India?

Undoubtedly, India is one retail market and has tremendous appetite to grow. E-commerce could be said to be around 3-4 percent of the market share of retail but even then, it has significantly added value to the communities and economic growth of the country.

Is E-Commerce profitable in India?

[UPDATE] Despite Baby Steps Towards Profitability, India’s Ecommerce Giants Mired In Over INR 9.7K Cr Losses. The race between the biggest ecommerce platforms in India is not just for the biggest bite of the market, but also to become the first past the post for profitability.

Will e-commerce survive in India?

As per Goldman Sach, India’s e-commerce industry will reach $99 billion in size while online retail is expected to more than double to around 11% by 2024 from 4.7% in 2019 while increasing at 27% compound annual growth rate (CAGR). Non grocery eCommerce penetration will be 16.1 percent by 2021.

Who is bigger Flipkart or Amazon?

According to Forrester Research, by October 2020, Flipkart had 31.9% market share — making it the largest online retailer in India. Meanwhile, Amazon India is slightly behind in second, with a 31.2% market share. Flipkart is currently valued at $35 billion and is reportedly eyeing a U.S. IPO later this year.

What are the top 10 e commerce sites?

1. Amazon. Estimated number of monthly visitors: 2.73 billion.
2. eBay. Estimated number of monthly visitors: 855.82 million.
3. Walmart. Estimated number of monthly visitors: 468.96 million.
4. Craigslist. Estimated number of monthly visitors: 342.56 million.
5. Target.
6. Etsy.
7. Best Buy.
8. Macy’s.

Which is the world’s largest e commerce company?

Amazon

Who is the world’s largest retailer?

Walmart