Electronic commerce refers to exchange of goods and services from the buyer to the seller electronically through the internet. Ecommerce is useful in the modern days where internet connection is growing. Customers are therefore becoming more specific with diverse needs.
The growth of ecommerce is further growing due to the growing demands of diversified products. The whole process of ecommerce has increased the trade of goods across the globe. This trade further has been accelerated by the growing internet connections and the increased internet users.
Online business involves the seller identifying the goods to sell and the target customers and the buyer places an order any time of the day with ease. Further enquiries about the goods on sale are done online. If the buyer is convinced about the goods on sale he place an order of the product, if it is available the seller then confirms its availability and prices. Internet is the bridging gap between the seller and the buyers.
Ecommerce operates on an electronic data interchange (EDI) which requires the parties to set up a dedicated data link between them. This has grown to extents where corporate are setting up a multiple ad-hoc links where it results to parties meeting point.
However there has been developed a strategy to mitigate the risks. Security measures currently are developed to extents where there is no more fear if a duty of care is observed by both parties. The market is broad and all inclusive with less national restrictions and more developed approach. The way of business has developed and ecommerce has to be embraced.
The growth of ecommerce is further growing due to the growing demands of diversified products. The whole process of ecommerce has increased the trade of goods across the globe. This trade further has been accelerated by the growing internet connections and the increased internet users.
Online business involves the seller identifying the goods to sell and the target customers and the buyer places an order any time of the day with ease. Further enquiries about the goods on sale are done online. If the buyer is convinced about the goods on sale he place an order of the product, if it is available the seller then confirms its availability and prices. Internet is the bridging gap between the seller and the buyers.
Ecommerce operates on an electronic data interchange (EDI) which requires the parties to set up a dedicated data link between them. This has grown to extents where corporate are setting up a multiple ad-hoc links where it results to parties meeting point.
However there has been developed a strategy to mitigate the risks. Security measures currently are developed to extents where there is no more fear if a duty of care is observed by both parties. The market is broad and all inclusive with less national restrictions and more developed approach. The way of business has developed and ecommerce has to be embraced.
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