What is the objective of e-commerce?
eCommerce drives profitable growth by expanding customer reach, reducing cost-to-serve, and creating differentiated customer experiences. Utilizing this powerful tool wisely has become eminently important for business-to-business (B2B) companies.
What is E-Commerce learning?
Companies are increasingly using computer and internet technology to facilitate doing business. E-Business involves a wide range of electronic activities a business can partake in whereas E-Commerce refers to the process of buying and selling online. …
Why do we study e-commerce?
There are many advantages of e-commerce including: Increasing reach: E-commerce allows small businesses to reach a broad range of consumers. Allows comparison shopping: Consumers also gain power through the experience of online shopping. They can research and compare products and companies easily.
What is E business model?
An e-business model is simply the approach a company takes to become a profitable business on the Internet. There are many buzzwords that define aspects of electronic business, and there are subgroups as well, such as content providers, auction sites and pure-play Internet retailers in the business-to-consumer space.
What are the types of e payment system?
Types of Electronic Payment Systems
- Automated clearing house.
- Wire transfers.
- Item processing.
- Remote deposit capture.
- FedLine Access Solutions.
- Automated Teller Machines.
- Card Services (ATM, credit, debit, prepaid)
- Mobile payments.
What are the advantages of e payments?
What are the Benefits of Electronic Payment for the Merchant?
- It saves time.
- It’s more efficient.
- It takes cash out of the equation.
- It’s more secure.
- It generates more revenue.
- It’s easier to administer.
- There’s a certainty of payment.