e commerce presentation.group 4
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E-CommerceElectronic Commerce
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Electronic commerce commonly known as e-commerce or e-comm, is the buying and selling of products or services over electronic systems such as the Internet and other computer networks.
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TWO MAJOR CATEGORIES OF E-COMMERCE
Business-to-consumer (B2C) Online transactions are made
between businesses and individual consumers. E.g. Amazon.com, eBay.com.
Business-to-business (B2B) Businesses make online
transactions with other businesses.
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How do you buy something?
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Examples of E-
commerce Website
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ADVANTAGES OF ECOMMERCE
Faster buying/selling to find products.
Buying/selling 24/7. More reach to customersprocedure, as well as easy , there is no theoretical geographic limitations.
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Low operational costs and better quality of services.
No need of 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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DISADVANTAGES OF ECOMMERCE Any one, good or bad, can
easily start a business. And there are many bad sites which eat up customers’ money.
There is no guarantee of product quality.
Mechanical failures can cause unpredictable effects on the total processes.
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As there is minimum chance of direct customer to company interactions, customer loyalty is always on a check.
There are many hackers who look for opportunities, and thus an ecommerce site, service, payment gateways, all are always prone to attack.
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Thank You!Prepared by Group 4Angel Rose MedinaJanine HadeMalou MarmolKristina Elaine Gatmaytan