Defination of commerce

Июль 25, 2022

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Defination of commerce

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2. Name: mahmoud salah ID :20152234
3. Defination of commerce The exchange of goods and services for money Consits of : Buyers :
4. Defination of e-commerce E-commerce or electronics is a process of buying or selling or exchange product
5. Brief history of ecommerce 1970 E-commerce meant the facilitation of commercial transactions electrnically , using technology
6. 1980s : The growth and acceptance of credits cards Automated teller machine (atm) Telephone banking Airline
7. 1990s: The internet commercialized and user flocked to participate in the form of dot-com, or internet
8. In 2000s: Many european and american business companies offered their services through world wide web .
9. Process of ecommerce Consumer use web browser to connect merchant website Consumer surf the complete catalog
10. Process of ecommerce cont. When the consumer is ready to complete the purchase of selected items,
12. Electronic payment system Electronic wallet : a computerized value that hold credit card information, electronic cash
14. 1- business to business B2b stands for business to business . It consist of largest form
15. 2- business to consumer It is the taking businesses and consumers interaction . The basics concept
16. 3-customer to business Consumer to business ecommerce is defined as commerce between customers and organization Example
17. 4-consumer to consumer There are many sites offering free classifieds, auctions and forums where individual and
19. Advantage of e-comerce Faster buying/selling procedure, as well as easy to find products . Buying/selling 24/7
20. Disadvantage of e-commerce Unable to examine products personally Not everyone is connected to the internet There
21. conclusion The internet has leads to the brith and evolution of e-commerce .E-comerce has now become
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Name: mahmoud salah
ID :20152234

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Defination of commerce
The exchange of goods and services for money
Consits

of :
Buyers : these are people with money who want to buy a good or service
Sellers : these are the people who offer goods and service to buyers.
Producers : these are people who create the products and services that sellers offer to buyers .

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Defination of e-commerce
E-commerce or electronics is a process of buying or

selling or exchange product , services ,and/or information via electronic networks and computers

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Brief history of ecommerce
1970
E-commerce meant the facilitation of commercial

transactions electrnically , using technology such as electronic data interchange (EDI) and electronic funds transfer (EFT) , allowing businesses to send commercial documents like purchase orders or invoice electronically.

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1980s :
The growth and acceptance of credits cards
Automated teller machine (atm)
Telephone

banking
Airline reservation system .

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1990s:
The internet commercialized and user flocked to participate in the form

of dot-com, or internet start-ups.
Innovative applications ranging from online direct sales to e-learning experiences .

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In 2000s:
Many european and american business companies offered their services through

world wide web .
Since then, people began to associate a world “e-commerce”

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Process of ecommerce
Consumer use web browser to connect merchant website
Consumer

surf the complete catalog of products freaturedon the site and select item to purchase . The selected item are placed in electronic equivalent of a shopping cart.
Consumer buy via debit card and credit card and mention the shipping adress

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Process of ecommerce cont.
When the consumer is ready to complete the

purchase of selected items, she provides a bill-to and ship-to address for purchase and delivery
Then the merchant receive this order , he checks the payment and sends goods to logistics

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Electronic payment system
Electronic wallet : a computerized value that hold

credit card information, electronic cash , owner identification, and address information
Credit card
Debit card
Smart card
Online banking and cash on delivery .

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1- business to business
B2b stands for business to business .
It

consist of largest form of ecommerce .
This defines that buyer and seller are 2 different entities.
It is similar to manfacturer issuing goods to the retailer or wholesaler.
E.G. : DELL deals computers and other associated accesssories online but it is does not make up all those product . So in govern to deal those products , first step is to purchases them from unlike businesses i.e. the producers of those products .

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2- business to consumer
It is the taking businesses and consumers

interaction .
The basics concept of this model is to sell the product online to consumers .
B2Cs is the direct trade between the company and consumer, it provide direct selling through online .
For example : if you want to sell goods and services to customer so that anybody can purchase any product directly from suppliers website .

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3-customer to business
Consumer to business ecommerce is defined as commerce

between customers and organization
Example : a customer posts his project within budget online and company review customers requirement and bid on the project .
consumer review bid and selects a company that will complete the project .

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4-consumer to consumer
There are many sites offering free classifieds, auctions

and forums where individual and buy and sell products to online payment system like paypal where people can send and receive money online with ease .
Ebay auction services is a great example of where person-to-person transactions take place everyday since 1995.

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Advantage of e-comerce
Faster buying/selling procedure, as well as easy to

find products .
Buying/selling 24/7 .
More reach to customers, there is no theortical geographic limitation .
Low operation cost and better quality of services
No needs for physical company set-ups.
Easy to start and manage a business .
Customers can easily select products from different providers without moving around physically .

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Disadvantage of e-commerce
Unable to examine products personally
Not everyone is

connected to the internet
There is the possibility of credit card number theft
Mechanical failure can cause unpredicable effects on the total processes.

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conclusion
The internet has leads to the brith and evolution of e-commerce

.E-comerce has now become a key component of several organization in the daily running of their business .
As the internet and in turn , E-commerce has developed , and continues to evolve and grow, it is vital that any organisation , it vital that any organization ,in any particular industry , must base its strategic planning around such rapidly growing medium.